India's biggest listed company, Reliance Industries Ltd, yesterday beat forecasts as quarterly profit more than doubled on a one-off gains from the sale of a stake in a unit and high oil refining margins.
Novartis AG, Europe's third-largest drugmaker, reported fourth-quarter profit that missed analysts' estimates because of generic competition to the Lotrel heart medicine and the Lamisil antifungal treatment.
Biocon Ltd, a drugmaker controlled by India's richest woman, said yesterday its nine-month profit rose 15 percent on increased demand for products and contract research services.
European planemaker Airbus posted 1,341 net aircraft orders in 2007, trailing the 1,413 planes sold by Boeing in a record year at both companies, Airbus said yesterday.
Government incentives in Italy and France to buy greener cars propelled sales of Fiat and Renault in the final month of 2007, just enough for the Western European auto market to record its highest level in six years.
JPMorgan Chase & Co, the third-biggest US bank, said profit fell 34 percent, more than analysts estimated, after $1.3 billion of writedowns for subprime-mortgage investments.
Northern Rock Plc's "principal challenge" is to find a way to repay at least 25 billion pounds owed to the Bank of England, Chairman Bryan Sanderson said yesterday.
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