Company Activities and Information
BP says to return $8 bn to shareholders
Mar 22, 2013 03:53 EDT
British energy giant BP on Friday said it would return up to $8.0 billion (6.2 billion euros) to company shareholders by repurchasing shares, a day after completing the sale of its stake in a Russian joint-venture.
Putin welcomes China's Xi for landmark talks
Mar 22, 2013 02:13 EDT
Russian President Vladimir Putin and China's new leader Xi Jinping are to hold landmark talks Friday in the hope of further cementing the two countries' partnership with a range of strategic agreements.
Putin welcomes China's Xi for landmark talks
Mar 21, 2013 22:49 EDT
Russia's President Vladimir Putin and China's new leader Xi Jinping are to hold landmark talks on Friday in the hope of further cementing the two countries' partnership with a range of economic and strategic agreements.
US stocks drop on Cyprus, weak earnings
Mar 21, 2013 16:54 EDT
US stocks fell Thursday, hit by uncertainty over the Cyprus banking crisis and some surprisingly weak corporate earnings.
T-Mobile deal with MetroPCS get regulators' OK
Mar 21, 2013 14:39 EDT
T-Mobile USA's deal to merge with smaller telecom carrier MetroPCS has cleared all regulatory hurdles in the United States, the companies announced Thursday.
NYSE eyes Suntech listing after bankruptcy filing
Mar 21, 2013 12:35 EDT
The New York Stock Exchange said Thursday it was reviewing the listing of Suntech Power Holding Co.'s US-traded shares after the giant solar-panel maker's main China unit moved into bankruptcy reorganization.
Russian Rosneft completes $56 bn TNK-BP takeover
Mar 21, 2013 11:38 EDT
Russian state oil giant Rosneft announced Thursday the creation of the world's top listed oil firm as it sealed a $56-billion acquisition of the British and local stakes in the lucrative but strife-torn joint venture TNK-BP .
Russia's Rosneft completes $56 bn TNK-BP takeover
Mar 21, 2013 09:14 EDT
Russia's state oil giant Rosneft on Thursday announced the creation of the world's largest listed oil company as it completed a $56-billion acquisition of the British and Russian stakes in the joint venture TNK-BP.
Former BBC boss Dyke to be FA chairman
Mar 21, 2013 08:37 EDT
Former BBC director general Greg Dyke is set to become the new chairman of the Football Association, the English game's governing body announced Wednesday.
PetroChina 2012 net profit falls 13%
Mar 21, 2013 06:52 EDT
PetroChina on Thursday reported that 2012 net profit fell 13.3 percent, despite increased production, as the oil giant was hit by a slowdown in the growth rate of the Chinese economy.
Stocks rise as Fed keeps aggressive easing in place
Mar 20, 2013 16:40 EDT
US stocks recorded solid gains Wednesday as the Federal Reserve held steady on its policy of economic stimulus.
FedEx profits fall on weak international results
Mar 20, 2013 12:58 EDT
Global package delivery giant FedEx Wednesday reported lower quarterly earnings and slashed its profit guidance for fiscal 2013, citing weakness in the international freight market.
India to sell part stake in steel giant SAIL
Mar 20, 2013 12:32 EDT
India's government is to sell a stake in state-run steel giant SAIL, the steel ministry said on Wednesday, as part of an ambitious disinvestment plan to reduce the country's deficit.
Taiwan's Acer reports Q4 net loss following write-down
Mar 20, 2013 10:03 EDT
Taiwan's leading personal computer maker Acer has announced a larger than expected fourth-quarter net loss after a write-down of the value of its brands, including Gateway and Packard Bell.
Germany's Metro profits hit by one-off charges
Mar 20, 2013 07:31 EDT
German retail giant Metro said Wednesday profits were hit by one-off restructuring charges and portfolio changes last year, but it is pencilling in "moderate" sales growth this year.
Deutsche Bank restates 2012 profit, hit by legal costs
Mar 20, 2013 07:13 EDT
Deutsche Bank, Germany's biggest bank, said Wednesday that writedowns and legal costs hit its 2012 earnings harder than expected and it has now been forced to restate last year's profits.
China's Geely 2012 profit rises 32% as exports surge
Mar 20, 2013 06:57 EDT
Chinese automaker Geely said Wednesday its 2012 net profit jumped 32 percent, helped by recovering domestic sales and strong growth in exports.
Deutsche Bank restates 2012 earnings on legal costs
Mar 20, 2013 05:18 EDT
Deutsche Bank, Germany's biggest bank, said Wednesday that writedowns and litigations costs hit its 2012 earnings harder than expected and it has now been forced to restate last year's profits.
US stocks hold up despite Cyprus crisis
Mar 19, 2013 16:55 EDT
US stocks closed mixed Tuesday, holding on as the Cyprus financial crisis threatened to ignite more turmoil across the European financial system.
Cairn Energy posts slumping 2012 net profits
Mar 19, 2013 12:11 EDT
British oil and gas explorer Cairn Energy said on Tuesday that net profits slumped last year as income from oil output fell sharply after the group slashed its stake in Cairn India.
