QANTAS POSTS RECORD A$2.84 BILLION LOSS 

Qantas Airways Ltd. booked a 2.84 billion Australian dollar annual loss after writing down the value of its international aircraft fleet. (published 2308 GMT Wednesday)

 
 
VIVENDI TO MEET TO DISCUSS TELEFÓNICA'S BID FOR BRAZILIAN OPERATOR GVT -- UPDATE 

The board of Vivendi SA is slated to meet Thursday to discuss a EUR6.7 billion offer for its Brazilian unit, GVT, by Spanish telecom giant Telefónica SA, amid expectations of a rival bid from Telecom Italia SpA. (published 2019 GMT Wednesday)

 
 
TYSON TO DIVEST SOW PURCHASING BUSINESS TO CLEAR HILLSHIRE DEAL 

Tyson Foods Inc. agreed to sell a small hog-processing division to resolve antitrust concerns by the U.S. Department of Justice over its planned $7.7 billion acquisition of Hillshire Brands Co. (published 2125 GMT Wednesday)

 
 
ALIBABA'S RESULTS IMPROVE AHEAD OF IPO -- 3RD UPDATE 

Alibaba Group Holding Ltd. reported big growth in revenue from mobile devices, which may bolster its case next month when the Chinese e-commerce giant begins to pitch investors on its long-awaited initial public offering. (published 2325 GMT Wednesday)

 
 
PARAMOUNT GROUP FILES PROSPECTUS FOR IPO -- UPDATE 

Office building landlord Paramount Group Inc. is seeking to become the newest publicly traded office real-estate investment trust. (published 2052 GMT Wednesday)

 
 
FEDEX TO APPEAL DECISION IN CASE ABOUT INDEPENDENT CONTRACTORS -- 3RD UPDATE 

FedEx Corp. on Wednesday said it intends to appeal a federal court decision that drivers the company had classified as independent contractors were employees. (published 2113 GMT Wednesday)

 
 
CARLYLE GROUP MAY BUY SOME OF CHINA VANKE'S COMMERCIAL PROPERTIES 

Private-equity company Carlyle Group is looking to buy some of developer China Vanke Co.'s commercial properties. (published 0016 GMT)

 
 
TIME WARNER CABLE EXPERIENCED OUTAGES -- UPDATE 

Time Warner Cable Inc. accidentally knocked out service to roughly 11 million Internet subscribers early Wednesday morning after maintenance work went awry. (published 0005 GMT)

 
 
NINE ENTERTAINMENT EXPECTS SOFTNESS DUE TO AD MARKET 

Nine Entertainment Co. forecast a soft start to the new fiscal year, with Australia's metropolitan free-to-air television advertising market likely falling by as much as 10% in the July-to-September period. (published 2359 GMT Wednesday)

 
 
BILLABONG LOSSES NARROW AS TURNAROUND GAINS TRACTION 

Australian surfwear company Billabong International Ltd. said annual losses narrowed, as it began to reap benefits from a massive restructuring and reported higher sales in its Asian-Pacific business. (published 2357 GMT Wednesday)

 
 
RAMSAY HEALTH CARE PROFIT UP 14%, OVERSEAS EXPANSION GATHERS PACE 

Ramsay Health Care Ltd. said its annual net profit rose 14% as it expanded its international network of hospitals with a series of acquisitions in France and Malaysia. (published 2308 GMT Wednesday)

 
 
ATLAS IRON RETURNS TO PROFIT AS SHIPMENTS JUMP 

Atlas Iron Ltd. said it returned to an annual profit, as a sharp rise in iron-ore shipments and cost-cutting measures offset a fall in prices of the steelmaking commodity. (published 2246 GMT Wednesday)

 
 
A2 MILK COMPANY REPORTS LOWER FY14 PROFIT BUT HIGHER SALES 

The a2 Milk Company Ltd. reported higher sales but said its net profit was impacted by adverse exchange rate movement. (published 0007 GMT)

 
 
GM TO MOVE CADILLAC SRX PRODUCTION TO TENNESSEE FROM MEXICO--2ND UPDATE 

General Motors Co. on Wednesday said it would invest as much as $185 million to build small engines at its Spring Hill, Tenn., factory and move production of its Cadillac SRX crossover vehicle to the facility from Mexico, capping a multiyear shift by the auto maker to bring more work back into its unionized U.S. factories. (published 2127 GMT Wednesday)