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Telefonica: Q3 Earnings Snapshot

MADRID (AP) — MADRID (AP) — Telefonica SA (TEF) on Wednesday reported net income of $546.4 million in its third quarter.The Madrid-based company said it had profit of 9 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 10 cents per share.The ...

German government advisers see only modest economic growth next year

BERLIN (AP) — Germany's economy will shrink by 0.4% this year and grow only by a relatively modest 0.7% next year, the government's panel of independent economic advisers forecast Wednesday.The panel joined several other forecasters in revising downward its outlook for Europe's biggest ...