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