Business


2 children lucky to survive accident at Aussie park

Two women and two men were killed at a theme park on Australia's popular Gold Coast yesterday, with witnesses saying everyone was screaming after a raft flipped on a water ride. "We were on the ride about an hour before the accident and we were also on the ride last week", said Joelle Verfurth. Dreamworld will remain closed tomorrow as a mark of respect for the victims and their families.


Canara Bank Q2 Profit Drops 33% To Rs. 357 Crore

Canara Bank Q2 Profit Drops 33% To Rs. 357 Crore

This significant downfall from the same quarter a year ago is alarming for the private lender as it had reported a PAT of Rs 1,950.60 crore in 2015's September quarter. The banking major's net interest income went up by 19.6 per cent to Rs 7,993.6 crore. Private sector IDFC Bank on Tuesday reproted over six-fold jump in net profit to Rs 387.76 crore for the second quarter ended on September 30, 2016.


Comcast profits rise in third quarter

Comcast profits rise in third quarter

NBC also witnessed benefits to its cable networks from the Olympics, up 22% to 2.9 billion. In a similar move, Comcast purchased NBCUniversal from General Electric, most of it in 2011 and the rest two years later. "We fundamentally believe we can make money for the shareholders through a wireless offering with the unique relationship we have with the Verizon MVNO", Roberts said.


Lloyds profit slumps amid latest PPI mis-selling hit

Lloyds profit slumps amid latest PPI mis-selling hit

Lloyds Banking Group (LON:LLOY) will be under the spotlight today, as the bailed-bank posts its third quarter trading results. The bank has been forced to set aside about 17 billion pounds since the financial crisis to repay customers who took out policies to protect borrowers against sickness or redundancy, but were often ineligible to claim.


Southwest Airlines -8% after forecast disappoints

Southwest Airlines -8% after forecast disappoints

The rhetoric and headlines for Southwest Airlines are encouraging enough. Several institutional investors have recently added to or reduced their stakes in the stock . And, as was the case with EW, GRUB was up 72% year-to-date immediately before reporting its Q3 numbers, leaving no room for more upside no matter how strong the Q3 results and Q4 guidance looked.