Santos Net Falls as Natural Gas Asset Disposals Slow
Australian oil and gas producer Santos Ltd. (STO.AU) said Friday its profit for the first half fell 48% after it benefited from asset sales in the previous corresponding period.
New Details on Apple's TV Vision
Apple Inc.'s (AAPL) vision for a new television set-top box includes features designed to simplify accessing and viewing programming and erase the distinction between live and on-demand content, people briefed on Apple's plans said.
Sharp May Reportedly Sell Off Copier, A/C Units
Under the gun to raise funds ahead of bond maturations next year, Japan's Sharp Corp. is considering selling off its copier and air-conditioner lines, the Nikkei business daily said in an unsourced report Friday.
Report: Finland Preparing for Eurozone Breakup
Finland's foreign minister said European leaders must 'openly face' the possiblity of a eurozone breakup, according to report published by the Daily Telegraph.
QBE Profit Rises 13%, Targets Insurance Margin Above 12%
QBE Insurance Group Ltd. (QBE.AU) Friday reported a 13% rise in first-half net profit to US$760 million, citing a significant reduction in catastrophe claims following a spate of natural disasters in the year-earlier period.
GlaxoSmithKline Sees Promise in New Asthma Drug
GlaxoSmithKline said Thursday that an experimental drug to treat severe asthma halved the number of attacks suffered by patients in a clinical study.
Air France Crew Asks Passengers to Scrounge Up Gas Money
Air France workers aboard a plane that was re-routed via Damascus on Wednesday asked passengers how much cash they could pool together after Syrian authorities refused credit card payment to refuel the aircraft, the French carrier said Thursday.
New Toshiba Motor Avoids China Rare Earth: Report
As Japan attempts to reduce its dependence on rare-earth minerals from China, Japanese tech-focused conglomerate Toshiba Corp. has developed a powerful motor magnet that sidesteps the need for China-sourced dysprosium, the Nikkei reported Friday.
Ex-Morgan Stanley Exec Gets 9 Months for Bribery
A former director in Morgan Stanley's real estate investment unit in Shanghai was sentenced to nine months in prison on Thursday for skirting the bank's internal controls.
Chile Holds Key Rate At 5%, Meeting Expectations
Chile's central bank late Thursday left the benchmark interest rate unchanged at 5%.