ACTELION BOOSTED BY NEW DRUG
Strong sales of a new drug helped push Actelion Ltd.'s earnings
higher in the third quarter, prompting Europe's biggest biotech to
upgrade its full-year guidance. (published 0531 GMT)
AKZO NOBEL LIFTED BY COST CUTTING
Akzo Nobel NV on Tuesday said third-quarter profit rose 32%
driven by cost savings and lower restructuring and financing costs,
adding that it was on track to meet its 2015 targets despite a
fragile economy. (published 0539 GMT)
GJENSIDIGE FORSIKRING NET PROFIT DROPS, DECLARES NOK4 DIVIDEND
Norwegian insurance group Gjensidige Forsikring ASA Tuesday
reported a drop in third quarter net profit, weighed by some
extreme weather in August and tough competition, but said it has
decided to distribute excess capital in the form of a NOK4 dividend
to be paid next month. (published 0549 GMT)
VISION FAME CANCELS RIGHTS ISSUE AFTER PULLING OUT OF COAL, BAUXITE MINING TALKS
Vision Fame International Holding Ltd., which provides
building-construction and property-maintenance services, said
Tuesday it canceled a proposed rights issue after deciding against
expanding into coal and bauxite mining in China. (published 0530
GMT)
IPHONE 6 RECHARGES APPLE'S GROWTH
A year ago, the story line around Apple Inc. was that its
formidable growth had petered out and Samsung Electronics Co. was
eating its lunch. What a difference a year makes. (published 0100
GMT)
MICROSOFT VALUES CEO SATYA NADELLA'S PAY AT $84 MILLION
Call Microsoft CEO Satya Nadella the $84 million man. Microsoft
awarded the new CEO compensation valued at more than $84 million
during the fiscal year ended June 30, largely in the form of grants
of restricted stock that he won't receive before 2019, according to
a securities filing Monday. (published 0048 GMT)
CEO OF FRENCH OIL GIANT TOTAL DIES IN MOSCOW PLANE CRASH -- UPDATE
French oil company Total SA said Chairman and Chief Executive
Christophe de Margerie died Monday in a plane crash at a Russian
airport. (published 0313 GMT)
CHINA MALL DEVELOPER PLANS EXPANSION
China's leading developer of so-called wholesale malls plans to
build as many as two new malls a year to take advantage of cheap
land and government incentives that have encouraged wholesale
vendors to move out of major urban areas. (published 0230 GMT)
STAPLES WARNS OF POSSIBLE CARD DATA BREACH
Office-supply chain Staples may be the latest retailer to be
hacked. The company said late Monday it is investigating a possible
card data breach, following weeks after the large attack on
credit-card terminals at Home Depot, which itself followed breaches
at chains including Target Corp. and Neiman Marcus Group.
(published 0236 GMT)
SOME SAMSUNG MOBILE DEVICES GET NSA APPROVAL
Samsung Electronics Co. said Tuesday the U.S. National Security
Agency approved a number of its mobile devices for use by
government officials to carry classified information, a positive
step for the smartphone maker's struggling mobile division.
(published 0312 GMT)
GIC BUYS TOKYO OFFICE PROPERTY FOR $1.7 BILLION
Singapore sovereign-wealth fund GIC Pte. Ltd. said Tuesday it
acquired prime office space in the Pacific Century Place Marunouchi
building in central Tokyo, in a bid to grab a slice of the Japanese
capital's hot property market. (published 0436 GMT)
SWEDBANK PLANS JOB CUTS TO LOWER COSTS
Swedish lender Swedbank AB Tuesday reported a 9% jump in
third-quarter net profit and said it would cut between 600 to 800
position over the next two years, mainly through attrition, to
lower costs. (published 0533 GMT)
AYALA CORP. SETS DIVIDEND RATE ON PREFERRED SHARES AT 5.575%
Philippine conglomerate Ayala Corp. said Tuesday it has set the
annual dividend rate on the preferred shares it will issue at
5.575%. (published 0334 GMT)
ROBINSONS LAND PLANS UP TO PHP17 BLN CAPITAL EXPENDITURE
Robinsons Land Corp., the Philippines' second-largest mall
operator, plans to start building five malls this fiscal year to
take advantage of strong growth in the country's economy and steady
consumer spending. (published 0440 GMT)