VALEANT IN DEAL TO BUY PROSTATE-CANCER DRUG PROVENGE FROM DENDREON 

Valeant Pharmaceuticals International Inc. said late Thursday it has reached a tentative deal to buy the prostate-cancer drug Provenge and other assets from Dendreon Corp. for $296 million in cash. (published 0339 GMT)

 
 
MANITOWOC TO SPLIT CRANE, FOOD-EQUIPMENT ARMS -- 4TH UPDATE 

Manitowoc Co. said Thursday it will split into two separate companies, spinning off its food-equipment business early next year from construction cranes as it faces increasing pressure from investors and tough business conditions. (published 0445 GMT)

 
 
TIMES PROPERTY HOLDINGS ACQUIRES LAND IN GUANGZHOU CITY FOR CNY1.33 BLN 

Times Property Holdings Ltd. said Friday it has acquired two land parcels in Guangzhou, southern China, in a public auction for 1.33 billion yuan . (published 0433 GMT)

 
 
MALAYSIAN TYCOON KRISHNAN AGREES TO LEND 1MDB FUNDS TO REPAY $560MLN LOAN -- UPDATE 

Ananda Krishnan, one of Malaysia's richest men, has agreed in principle to lend funds to 1 Malaysia Development Bhd., or 1MDB, to help settle a 2 billion ringgit loan the state investment firm took out that is due Saturday, people familiar with the matter said Friday. (published 0458 GMT)

 
 
BOC HONG KONG: REVIEWING BUSINESS FOR POTENTIAL BANKING ASSET DISPOSAL 

BOC Hong Kong, which is controlled by Bank of China Ltd., confirmed it is conducting a feasibility study to review its businesses and assets which may lead to the disposal of certain banking assets. (published 0032 GMT)

 
 
VINDA INTERNATIONAL HOLDINGS: 2014 REVENUE UP 17.5% ON YEAR TO HK$7.99 BLN 

Vinda International Holdings Ltd. said Friday its revenues in 2014 rose 17.5% to 7.99 billion Hong Kong dollars and that its gross profit jumped 22.2% to HK$2.41 billion. (published 0137 GMT)

 
 
TENCENT TO BECOME NBA'S EXCLUSIVE ONLINE PARTNER IN CHINA 

Tencent Holdings Ltd. said it has agreed to become The National Basketball Association's exclusive online partner in China, the latest in a series of alliances aimed at beefing up its online offerings of entertainment for Chinese Internet users. (published 0100 GMT)

 
 
CHINA SHIPPING CONTAINER LINES: EXPECTS TO SWING TO 2014 NET PROFIT 

China Shipping Container Lines Co. Ltd., a marine shipping company based in Shanghai, said Thursday it expects to swing to net profit for 2014 helped by effective cost control and improving shipping routes as well as the expansion of international cooperation. (published 0054 GMT)

 
 
CANADIAN OIL SANDS TO FURTHER SLASH DIVIDEND AND SPENDING -- UPDATE 

Canadian Oil Sands Ltd. said Thursday it would further slash its dividend and capital spending budget in response to the sharp drop in oil prices and a rising debt load. (published 0025 GMT)

 
 
VITASOY WINS LAND ACQUISITION BID IN CHINA FOR CNY30 MILLION 

Vitasoy International Holdings Ltd. said Friday it won a land bid in Wuhan, central China for 30 million yuan and plans to invest 500 million yuan to build a production base there. (published 0432 GMT)

 
 
MOODY'S DOWNGRADES ALL PETROBRAS RATINGS 

Moody's Investors Service said Thursday it downgraded all ratings for PetrĂ³leo Brasileiro, the third downgrade of Brazil's state-run oil company in four months and another significant setback for a company in the midst of a widespread corruption scandal. (published 0221 GMT)