The economic health of low- and moderate-income members of the local community has always been an important issue to the Federal Reserve Bank of Boston.
FRANKFURT--Enterprise software provider SAP AG lowered its earnings outlook for this year Monday, even as it reported a 15% increase in third-quarter net profit, boosted by growth in subscriptions for its cloud-based software products.
FRANKFURT-- Metro AG on Monday reported a 2.6% decline in fourth-quarter sales after a strong euro and asset disposals derailed growth, though the German retailer said it would meet targets for the year.
Swedish washing-machine and kitchen-appliance maker Electrolux said third-quarter net profit jumped 42% despite tough trading conditions in Europe.
Privately held Dutch trading giant SHV has submitted a conditional offer of �40 ($51) per share for feed producer Nutreco, the companies announced Monday, valuing the company at �2.68 million ($3.4 million).