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)