Currency weighed on revenues, however, and the news and information company said volatile currencies would have a bigger impact on this year's results than usual. "The quarter and the first half just confirms the momentum that is building inside the business," Chief Executive Jim Smith said in an interview. Analysts, on average, were looking for 50 cents per share, according to Thomson Reuters I/B/E/S.
GlaxoSmithKline moved to reclaim its prowess as a research powerhouse on Wednesday by flagging up dozens of new drugs and vaccines in development, as demand for new HIV medicines helped it beat quarterly profit forecasts. Strong sales of Tivicay and Triumeq validated GSK's decision in May to keep its HIV business, rather than spinning it off, and offset a further slide in revenue from lung drug Advair and lower group profit margins following a major business overhaul. The drugmaker recently sold its marketed cancer drugs to Novartis and bought the Swiss group's vaccines, while increasing its consumer health business through a joint venture.
Shares of MasterCard, which operates the world's second largest payment network, fell about 3 percent in premarket trading on Wednesday. MasterCard charges companies using its payment network for transactions on cards that carry its brands. The company usually pays higher incentives to its partners than larger rival Visa Inc .
Investors are focused on the outcome of the Fed's two-day policy meeting with markets divided on whether it will take a hawkish or dovish stance. In a recent congressional testimony, Fed Chair Janet Yellen neither ruled out a September interest rate hike nor guided the market toward thinking it was a done deal. "If the Fed continues to be relatively neutral in its tone by not dropping any hints of an imminent rate hike probably markets will continue to stabilize," Societe Generale strategist Alvin Tan said.
Carlyle's private equity portfolio appreciated 5 percent in the second quarter, roughly in line with last year. As a result, Carlyle said economic net income (ENI), an earnings metric that factors in the mark-to-market value of its portfolio, dropped to $180 million in the second quarter from $289 million a year earlier. Like its major peers, Carlyle has diversified beyond corporate buyouts into alternative credit, real estate and funds of funds.
Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a euro zone summit this month. Tsipras faces a tough Syriza central committee session on Thursday with many activists angered by his acceptance of bailout terms more stringent than those voters rejected in a July 5 referendum. In a clear warning to party rebels, Tsipras said he could be forced to call early elections if he no longer had a parliamentary majority, and suggested an emergency party congress could be held in early September.
(Reuters) - Health insurer Anthem Inc reported a better-than-expected quarterly profit, driven by strong enrollments in its government business, particularly Medicaid. Managed care companies that sell government-sponsored plans for the under-insured or uninsured have benefited from the expansion of Medicaid under Obamacare, boosting revenue in that business. Revenue from the government business rose 25.7 percent during the second quarter ended June 30, helped by an 11 percent rise in Medicaid membership.
(Reuters) - Microsoft Corp launched its much-awaited Windows 10 operating system at midnight on Wednesday. Windows 10, which comes almost three years after the launch of the company's last operating system, will be available in 190 countries as a free upgrade for users of Windows 7, Windows 8.1 and Windows Phone 8.1. The new operating system is designed to work across laptops, desktop and smartphones and is part of Chief Executive Satya Nadella's push toward breaking Apple Inc and Google Inc's stranglehold in the mobile arena.
Greek Prime Minister Alexis Tsipras said on Wednesday that his government would not implement reform measures beyond what was agreed with lenders at a euro zone summit earlier this month. "I know well the framework of the deal we signed at the euro zone summit on July 12," Tsipras told Sto Kokkino radio. Nothing beyond that." Tsipras also said the country would report a primary budget balance that breaks even or registers a deficit this year, depending on the financial situation.
Flash-based SSDs have revolutionized enterprise storage. But SATA SSDs have serious problems that show that after more than 50 years of disk-based storage, our ancient I/O stack must be rebuilt. Here's why.
Belgian chemical group Solvay has agreed to buy U.S. peer Cytec for $5.5 billion, giving it a bigger presence in the lightweight materials business where demand from the aerospace industry is booming. Solvay said in a statement on Wednesday it would pay $75.25 per share for Cytec, which closed at $58.39 on Tuesday. Solvay Chief Executive Jean-Pierre Clamadieu said the acquisition was justified by Cytec's growth potential in aerospace markets.