May 7, 2014 7:17 a.m. ET
A swath of European and U.S. businesses, from banks to brewers, are blaming big hits to their bottom lines on the uncertainty surrounding Moscow's standoff with the West over Ukraine and Russia's worsening economy.
French bank Société Générale SA said Wednesday that a €525 million ($731.3 million) write-down on its Russian business pushed first-quarter net profit down 13%, while Carlsberg A/S and Imperial Tobacco Group PLC both said that falling Russian sales and a weak ruble had cut profit and would weigh on revenue for...
A swath of European and U.S. businesses, from banks to brewers, are blaming big hits to their bottom lines on the uncertainty surrounding Moscow's standoff with the West over Ukraine and Russia's worsening economy.
French bank Société Générale SA said Wednesday that a €525 million ($731.3 million) write-down on its Russian business pushed first-quarter net profit down 13%, while Carlsberg A/S and Imperial Tobacco Group PLC both said that falling Russian sales and a weak ruble had cut profit and would weigh on revenue for...
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