Profit for Spain’s biggest bank drops 5 pct in Q1 on loan losses, shrinking Europe business

By The Associated Press MADRID – Spain’s Banco Santander says first-quarter net profit fell 5 per cent because of higher loan losses and a drop in European banking business. Spain’s biggest bank …

Unilever says sales Q1 up 7 per cent to $16.1 billion, commodity costs pinching margins

By Toby Sterling, The Associated Press AMSTERDAM – Unilever PlC, the maker of Dove soaps, Lipton tea and Ben & Jerry’s ice cream, reported Thursday that strong demand in emerging markets helped sales …

Honda quarterly profit drops 38.3 per cent due to production slumps after tsunami

By The Associated Press TOKYO – Honda Motor Co. said Thursday its quarterly profit dropped 38.3 per cent due to a slump in car production following last month’s earthquake and tsunami. Honda’s …

Danish drug maker Novo Nordisk’s first-quarter profit grows 23 per cent to $802 million

By The Associated Press COPENHAGEN – Danish pharmaceutical company Novo Nordisk A/S says first-quarter net profit grew 23 per cent to 4.07 billion kroner ($802.1 million) on strong sales. The world’s …

NYSE Euronext says first quarter profit helped by sharply higher trading volumes

By The Associated Press PARIS – Stock exchange operator NYSE Euronext says net profit rose 19 per cent in the first quarter thanks to sharply higher trading volumes on its U.S. and European platforms which …

Taiwan chipmaker TSMC says 1Q profit up 7.8 per cent on strong demand

By The Associated Press TAIPEI, Taiwan – Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip-maker, said Thursday its first quarter profit rose 7.8 per cent year-on-year on strong …

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