COMMERZBANK LIKELY TO PAY ABOUT $1.4 BILLION TO SETTLE ALLEGATIONS IN U.S.
German lender Commerzbank AG is likely to pay about $1.4 billion
to settle U.S. allegations of sanction and money-laundering
violations, though no deal is yet complete, a person familiar with
the matter said Thursday. (published 2330 GMT Thursday)
SOMPO JAPAN NIPPONKOA: CONSIDERING BUYING STAKE IN FRANCE'S SCOR
Sompo Japan Nipponkoa Holdings Inc. said it is considering
buying a stake in French reinsurance giant Scor SE, in a deal that
could reportedly be worth over $900 million. (published 0043
GMT)
APPLE PAY STUNG BYLOW-TECHFRAUDSTERS
Apple Inc.'s new mobile-payment system has been hit by a wave of
fraudulent transactions using credit-card data stolen in recent
breaches of big retailers, including Home Depot Inc. and Target
Corp., people familiar with the matter said. (published 0050
GMT)
BANCO BPI TELLS HOLDERS TO REJECT CAIXABANK OFFER --UPDATE
Banco BPI SA's board on Thursday shot down a EUR1.09 billion
takeover offer from its largest shareholder, Spain's Caixabank SA,
saying it undervalues the company. (published 2032 GMT
Thursday)
DIAMOND FOODS SWINGS TO A PROFIT IN 2Q AS U.S. SALES OFFSET DECLINES IN THE U.K.
Diamond Foods Inc. swung to a profit in the second quarter on
improved sales in the U.S. that offset lower sales in the U.K. and
the impact of a stronger dollar. (published 2142 GMT Thursday)
HI SUN TECHNOLOGY 2014 NET PROFIT JUMPS TO HK$397.07 MILLION
Hi Sun Technology Ltd. posted strong growth for its 2014 net
profit thanks to disposal gains and higher revenue. (published 0038
GMT)
MAN WAH HOLDINGS REPURCHASES HK$32.22 MILLION WORTH OF SHARES ON MARCH 5
Man Wah Holdings Ltd. repurchased 32.22 million Hong Kong
dollars worth of shares in the stock market in a bid to improve
returns to shareholders. (published 0017 GMT)
TAP OIL REVIEW CONSIDERING SALE OF ASSETS
Tap Oil Ltd. said it would consider selling assets including its
flagship Manora Oil development, as well as any bids for the entire
company, as it steers through the sharp fall in energy prices.
(published 2331 GMT Thursday)
U.S. SANCTIONS OVER UKRAINE HIT TWO RUSSIAN BANKS HARDEST
Banks controlled by three billionaire friends of Russian
President Vladimir Putin have seen about $640 million of assets
frozen in the U.S. as retaliation for the Kremlin's actions in
Ukraine, according to U.S. government records. (published 2309 GMT
Thursday)
BANK OF AMERICA EXCEEDS FED MINIMUM CAPITAL LEVEL UNDER STRESS SCENARIO--UPDATE
Bank of America Corp. has the capital to keep lending in a
severe economic downturn, the Federal Reserve said Thursday in the
first stage of its annual stress tests. (published 2227 GMT
Thursday)
CITI EXCEEDS FED MINIMUM CAPITAL LEVEL UNDER STRESS SCENARIO -- UPDATE
Citigroup Inc. has the capital to keep lending in a severe
economic downturn, the Federal Reserve said Thursday in the first
stage of its annual stress tests. (published 2220 GMT Thursday)
GAP POSTS SURPRISE FEBRUARY SALES DECLINE -- UPDATE
Gap Inc. posted a surprise drop in February same-store sales as
its Gap Global and Banana Republic divisions both reported
declines. (published 2202 GMT Thursday)
FANNIE, FREDDIE RECAPITALIZATION REJECTED--2ND UPDATE
A top U.S. Treasury Department official suggested the White
House wouldn't allow mortgage titans Fannie Mae and Freddie Mac to
rebuild capital, rejecting some advocates' wishes that the
companies would move past being government wards. (published 2029
GMT Thursday)
ELAINE WYNN LAUNCHES BID FOR BOARD SEAT -- 3RD UPDATE
Wynn Resorts Ltd. co-founder Elaine Wynn has launched a bid for
a director's seat, saying she brings an independent and diverse
voice to the board. (published 0008 GMT)