Co-Op Bank losses narrow on branch closures, staff cuts


LONDON - Britain's Co-operative Bank reported a narrower loss for the first six months of 2014 after axing jobs and closing branches following a restructuring that saw it fall under the control of bondholders.

ZKB boosts provisions tied to U.S. tax case as profit falls

ZURICH - Zuercher Kantonalbank (ZKB) said on Friday it had raised the risk provision that covers a tax probe by U.S. authorities as first-half profit fell at the Swiss bank.

6:11am EDT

Gap raises forecast; to open 40 stores in India

- Apparel retailer Gap Inc raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets.

21 Aug 2014

GameStop second-quarter sales beat expectations; shares rise

SAN FRANCISCO - GameStop Corp on Thursday reported its quarterly revenue surged by 25 percent over the prior year, topping expectations, buoyed by the success of new game releases as well as solid sales of gaming hardware from Microsoft and Sony Corp.

21 Aug 2014

Salesforce lifts forecast on strong demand for cloud software

- Salesforce.com Inc reported better-than-expected quarterly revenue, helped by an increase in demand for its web-based sales and marketing software, and raised its full-year profit and revenue forecast.

Tech, Media 21 Aug 2014

Intuit forecasts much bigger loss for current quarter

- Intuit Inc, the developer of tax-preparation software TurboTax, forecast a much bigger first-quarter loss, citing restructuring in its small business group unit.

21 Aug 2014

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