NOBLE PROMISES MORE TRANSPARENCY
Commodities trader Noble Group Ltd. has committed to more
transparency following a dispute with three analyst firms over its
accounting methods, and provided additional disclosures about some
of its most controversial transactions. (published 0055 GMT)
TRW TO SELL LINKAGE AND SUSPENSION UNIT TO THK
TRW Automotive Holdings Corp. agreed to sell its Linkage and
Suspension unit to Japan's THK Co. for $400 million, subject to
adjustments. (published 0010 GMT)
JAPAN'S ELECTRICITY EXCHANGE GETS NASDAQ TECHNOLOGY UPGRADE
Japan's main wholesale electricity exchange is getting a
technology upgrade as part of the government's efforts to
significantly open up the nation's electricity sector for the first
time in over 60 years. (published 0003 GMT)
COMCAST ROLE IN ABORTED HULU SALE RAISES QUESTIONS FOR REGULATORS -- 3RD UPDATE
At the 2013 Allen & Co. conference in Sun Valley, Idaho,
executives from Walt Disney Co., 21st Century Fox and Comcast Corp.
met to discuss the future of Hulu, the online video service the
media companies co-own that was up for sale. (published 0041
GMT)
VERIZON FACES MORE CHALLENGES OVER SLIM NEW PAY TV BUNDLES -- 3RD UPDATE
The simmering struggle over the familiar bundle of
cable-television channels broke into open warfare Tuesday as owners
of some of the most popular channels accused Verizon Communications
Inc. of violating contracts in its bid to offer slimmer, cheaper
packages of pay TV. (published 0037 GMT)
YAHOO DISPLAY AD PUSH OFF TO SLOW START -- UPDATE
Nearly three years into Marissa Mayer's attempt to turn around
Yahoo Inc., the business is still shrinking. (published 0017
GMT)
TEVA OFFERS TO BUY MYLAN FOR $40 BILLION -- 5TH UPDATE
Teva Pharmaceutical Industries Ltd. has proposed to acquire
rival Mylan N.V. for about $40 billion in cash and stock, a tie-up
that would create the world's biggest generic drug company by
sales. (published 2024 GMT Tuesday)
GOOGLE GIVES BOOST TO MOBILE-FRIENDLY SITES
Google Inc. began shuffling its rankings for mobile websites
Tuesday, potentially benefiting sites like job board Indeed.com and
real-estate company Zillow Group Inc., and hurting others like
insurer United Healthcare Services Inc., retailer Zumiez Inc. and
IRS.gov. (published 2347 GMT Tuesday)
NAB-OWNED GREAT WESTERN FILES FOR SECONDARY LISTING IN U.S.
National Australia Bank Ltd. is moving ahead with its exit from
the U.S., announcing plans to sell further shares in recently
listed Great Western Bancorp Inc. . (published 2322 GMT
Tuesday)
DISCOVER FINANCIAL'S PROFIT FALLS 7.1% AS EXPENSES RISE -- UPDATE
Discover Financial Services said its profit fell in the first
quarter from year-ago levels as expenses rose and the company set
aside more money to cover future potential losses in its growing
loan portfolio. (published 2243 GMT Tuesday)
AMGEN REPORTS HIGHER EARNINGS, OUTLOOK -- UPDATE
Amgen Inc. said its first-quarter earnings rose 51%, boosted by
lower operating costs and rising sales of its treatments for
multiple myeloma and osteoporosis. (published 2044 GMT Tuesday)
YUM STRUGGLES IN CHINA AS ITS NOVELTY FADES--UPDATE
Yum Brands Inc., which gets around half its revenue from China,
is facing a new reality: Chinese consumers who once found its KFC
and Pizza Hut chains fresh and different now see them as neither.
(published 2040 GMT Tuesday)