SAMSUNG ELECTRONICS FOURTH-QUARTER PROFIT FALLS 27% -- UPDATE
Samsung Electronics Co. offered signs Thursday that the worst
was likely over for its mobile division, as the company turns to
mobile chips and cheaper handsets to spur a recovery in profit.
(published 0055 GMT)
MCDONALD'S CEO STEPS DOWN AMID DECLINING SALES--6TH UPDATE
McDonald's Corp. said Chief Executive Don Thompson was leaving,
less than three years into his tenure, and promoted a company
veteran to try to revive the fast-food giant from its worst slump
in more than a decade. (published 0151 GMT)
FONTERRA CUTS 2014/2015 FORECAST MILK VOLUME ON DRY WEATHER
Fonterra Co-Operative Group Ltd. said Thursday it expects milk
production for the year ending May 31 to fall 3.3% from a year
earlier, as dry weather conditions hurt milk volume. (published
0154 GMT)
PANAUST BUCKLES DOWN AS SUITORS STEP BACK
PanAust Ltd. is no longer in takeover talks with its biggest
shareholder, Guangdong Rising Assets Management, or any other
potential suitors, and is instead buckling down to bolster output
and cash-flow in the face of falling metal prices, the miner's
managing director said in an interview. (published 0235 GMT)
CAPITARETAIL CHINA TRUST 2014 DISTRIBUTABLE INCOME RISES 15%
CapitaRetail China Trust, a China shopping-mall real-estate
investment trust listed in Singapore, said Thursday distributable
income for 2014 rose 15% on rental growth and higher shopper
traffic. (published 0112 GMT)
FACEBOOK REPORTS HIGHER EARNINGS BUT ALSO HIGHER COSTS--UPDATE
Facebook Inc. isn't signing up new users the way it once did,
but the social network is generating a lot more revenue from each
user. (published 0002 GMT)
S&P NEAR SETTLEMENT OF CRISIS-ERA SUITS -- 2D UPDATE
More than a dozen states will share half of a $1.37 billion
government settlement resolving allegations that Standard &
Poor's Ratings Services knowingly issued rosy grades of mortgage
bonds before the 2008 financial crisis, people familiar with the
situation said. (published 0027 GMT)