SAMSUNG TO LAUNCH NEW SMARTPHONES AS NET PROFIT FALLS -- UPDATE
Samsung Electronics Co. plans global launches of two new
high-end smartphone models within the next six months to counter
increased competition, a company executive said Thursday.
(published 0254 GMT)
WOODSIDE DEAL TO BUY MOST OF SHELL'S STAKE IN COMPANY IN DOUBT -- 2ND UPDATE
A deal worth US$2.68 billion for Woodside Petroleum Ltd. to buy
most of Royal Dutch Shell PLC's interest in the company has been
cast into doubt after a large number of investors voted against the
proposal. (published 0236 GMT)
NIPPON STEEL & SUMITOMO METAL LOGS 24% NET PROFIT FALL IN APRIL-JUNE
Nippon Steel & Sumitomo Metal Corp. said Thursday its net
profit fell 23.8% in the April-June quarter, as demand in the
domestic manufacturing sector weakened over likely concerns about
the impact of a sales tax increase on the economy. (published 0458
GMT)
CHINA RUNDONG SEEKS TO RAISE UP TO $138 MLN IN HONG KONG IPO - TERM SHEET
China Rundong Auto Group, a KKR & Co.-backed luxury
automobile dealership firm, is seeking to raise up to US$138
million, a term sheet seen by The Wall Street Journal showed
Thursday. (published 0242 GMT)
FINE PUSHES BNP PARIBAS DEEP INTO THE RED
BNP Paribas SA has reported a record quarterly loss after
pleading guilty to violating U.S. sanctions against Sudan, Iran and
other countries, and said it was taking major steps to beef up
internal compliance. (published 0503 GMT)
SAFRAN RAISES 2014 OUTLOOK ON GROWING AIR TRAFFIC
French aerospace supplier Safran SA raised its outlook for 2014
Thursday, citing strong performance in the first-half of the year
in its civil aviation operations. (published 0514 GMT)
LYNAS MAKES "SUBSTANTIAL PROGRESS" TOWARD DEBT RESTRUCTURING
Rare-earths producer Lynas Corp. has made "substantial progress"
toward a potential restructure of its debt facilities, the company
said Thursday, as it reported a slight rise in its cash balance for
the three months through June following increased production and an
equity raising. (published 0049 GMT)
SANOFI FORECASTS PROFIT SPURT AFTER STRONG SECOND QUARTER
French drug maker Sanofi SA has raised its earnings outlook as
it reported a jump in second-quarter profit on a strong showing by
biotech unit Genzyme and stronger sales of its diabetes treatments.
(published 0537 GMT)
SIEMENS POSTS RISE IN PROFIT
Siemens AG's reported a rise in quarterly profit but the
declining value of the dollar and other currencies against the euro
led to lower revenue and order intake. (published 0540 GMT)
SWISS NATIONAL BANK 1H PROFIT CHF16.1 BLN ON FOREX, GOLD VALUATIONS
The Swiss National Bank's first-half interim profit was 16.1
billion Swiss francs thanks to foreign-currency and gold prices.
(published 0550 GMT)
PORTUGAL'S BANCO ESPÍRITO SANTO REPORTS RECORD LOSS -- UPDATE
Banco Espírito Santo SA, Portugal's No. 2 lender by assets,
reported a record EUR3.49 billion ($4.68 billion) net loss for the
second quarter after its trouble parent found ways to use the
bank--and its customers--to raise funds that are now largely
unrecoverable. (published 0143 GMT)
SCRIPPS, JOURNAL COMMUNICATIONS TO DIVVY UP PRINT, BROADCAST ASSETS
E.W. Scripps Co. and Journal Communications Inc. struck a deal
to put their newspaper operations into one company and their
broadcast assets into another, following in the footsteps of
rivals. (published 0138 GMT)
TARGET PICKS VETERAN OF PEPSI FOR NEW CEO
Target Corp. is bringing in PepsiCo Inc. executive Brian Cornell
as its new chief executive, turning to an outsider for the first
time in its history to repair a battered corporate culture and
navigate a sea change in Americans' shopping habits. (published
0501 GMT)