Aetna, Humana Get Ahead Of Pack
In the game of merger musical chairs the five biggest health
insurers have been playing lately, Aetna Inc. and Humana Inc.
hustled to grab the first seats. (published 0014 GMT)
Viking Offshore Wins US$31 Million Land Rig Charter Contract
Viking Offshore And Marine Ltd. Monday said it has won a
two-year charter contract worth US$31 million for a land drilling
rig system from a Chinese firm. (published 0011 GMT)
AGL Energy to Sell Assets, Takes Natural-Gas Writedowns
AGL Energy Ltd. said Monday it would sell a coal-seam-gas
project in Australia's Hunter Valley and book a 435 million
Australian dollar impairment charge after completing a sweeping
review of its natural-gas production business. (published 2303 GMT
Sunday)
AsiaPhos Buys Chinese Miner for S$36.8 Million
AsiaPhos Ltd. Monday said it will buy LY Resources Pte. Ltd., a
privately-owned Chinese mining firm, in a deal worth 36.8 million
Singapore dollars. (published 0051 GMT)
South East Group Appoints Yin Jun as New CEO and Deputy Chairman
South East Group Ltd., a property developer in China, said
Monday it has appointed Yin Jun as its new chief executive and
deputy chairman, effective July 3, replacing former CEO Anthony
Yeung and former deputy chairman Chen Domingo, who resigned on the
same day. (published 0019 GMT)
Accounting Woes Mount at Toshiba
Accounting woes at Toshiba Corp. have turned out to be more
serious than previously disclosed, raising concerns about internal
controls at Japanese companies even as Prime Minister Shinzo Abe
wages a campaign to improve corporate governance. (published 2254
GMT Sunday)
McDonald's, KFC Look to Get Faster in China by Adding Digital Pay Option
McDonald's Corp. and Yum Brands Inc. are looking to add digital
options in China that will make their fast-food sales even faster
and win back business after a rough year in the critical Chinese
market. (published 2130 GMT Sunday)
Blackstone Group Hires Credit Suisse's Zhang Liping as China Chairman
Private-equity firm Blackstone Group LP said Saturday it has
hired Zhang Liping, a senior Credit Suisse AG banker, to head its
operations in China. (published 0219 GMT Saturday)
New Credit Suisse CEO Reins in Hopes for a Quick Fix
Credit Suisse Group AG's new chief executive, who took over this
week, is already playing down optimism he can quickly lift the
Swiss bank out of its recent malaise. (published 2200 GMT
Friday)
SmarTone Telecommunications Appoints Stephen Chau as Interim CEO
SmarTone Telecommunications Holdings Ltd., a wireless
communications carrier, said Monday it has appointed Stephen Chau
as interim chief executive officer, after Douglas Li resigned as
company's CEO in April. (published 0048 GMT)
Electrolux's Plan to Buy GE's Appliances Unit Doesn't Worry Major Customers
If General Electric Co. sells its appliance business to rival
Electrolux AB, will home builders and property managers have to pay
more for stove tops? The Justice Department says they will, but
home builders aren't as sure. (published 1828 GMT Friday)
Dutch Hldg Company May Be Created to Control Ferrari After Spinoff, FCA CEO Says
Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne
said Friday that a Dutch holding company will likely be created to
control Ferrari after the spin-off and listing of the luxury cars
manufacturer, in a similar move done in the past for Fiat Chrysler.
(published 1754 GMT Friday)