Brigido Noyola

UniCredit SpA (UCG.MI) Friday posted a 67% decrease in second-quarter net profit, hit by large loan-loss provisions as the economy situation continues to deteriorate.

Italian on-line retailer Yoox SpA (YOOX.MI) said Friday it expects foreign markets to help boost its earnings before interest, taxes, depreciation and amortization in the second half of the year, after first-half net profit fell 26% to EUR2.2 million, dragged down by investments made during the

The Indian cabinet Friday announced a long-awaited decision on the starting price of an auction to allot telecommunications bandwidth.

The Institute for Supply Management reported its services index rose to 52.6 last month from 52.1 in June, topping economists' forecasts for 52.

Heineken Holding N.V. (HEIO.AE) said Friday it has reached an agreement with the board of its joint-venture partner Fraser & Neave Ltd. (F99.SG) of Singapore to buy its shares in Asia Pacific Breweries Ltd. (A46.SG) for S$5.1 billion. The Dutch brewer will buy the shares in APB, the maker of Tiger

Knight Capital Group told brokers Friday morning that the embattled market maker has received a badly-needed line of credit, raising hopes the firm reeling from a $440 million trading loss can survive the weekend without a bankruptcy filing.

American International Group Inc. (AIG) said Friday that it has spent $9.9 billion buying distressed mortgage securities from the Federal Reserve Bank of New York, which took on the securities during the giant insurer's bailout in 2008.

Hungary's state-owned utility company MVM Zrt. has brought a 50% stake in the implementing company for the Hungarian stretch of the South Stream natural gas pipeline from state-owned development bank MFB Zrt., MVM said Friday. Hungary's government initiated the transfer of the stake in Deli Aramlat

Procter & Gamble beat the Street with a 45% leap in fiscal fourth-quarter earnings and impressed shareholders with plans to buy back $4 billion of its shares.

Gold futures held to gains on Friday after a positive U.S. jobs report and a string of losses in the previous sessions.