Wal-Mart and Target Report Strong Sales
Wal-Mart and Target reported strong Thanksgiving Day traffic in
stores and online as shoppers homed in on big-ticket electronic
items. A host of retailers began offering doorbuster "Black Friday"
sales Thanksgiving Day at 6 p.m.
Malaysian Airline System Loss Widens
Malaysian Airline System reported a wider net loss in the third
quarter as it prepares to be privatized after losing two aircraft
this year.
Novartis Heart-Failure Treatment to Get Speedy EU Review
Novartis says an important new drug for treating heart failure
has been granted an accelerated review by European authorities,
improving its chances of approval in Europe next year.
Malaysia's Petronas to Review Spending
Malaysia's national oil-and-gas company Petronas said it is
reviewing its spending plans for next year after reporting a 14%
decline in third-quarter net profit on falling crude prices, even
as it increased output.
Rio Tinto Committed to Higher Investor Returns in 2015
Rio Tinto, the world's No. 2 iron-ore miner, said it was
committed to giving significantly more money back to shareholders
in 2015 despite a sharp slide in iron-ore prices, reiterating plans
for heftier returns to investors after years of heavy spending.
Norwegian Energy Company Net Loss Widens
Norwegian Energy Company said its third quarter net loss widened
after booking writedowns of NOK1.8 billion from various production
problems, and said it is continuing constructive talks with
bondholders, creditors and shareholders as it expects an imminent
covenant breach.