DSW Profit Falls, Adjusted Income Beats Estimate
DSW Inc. said Tuesday its second-quarter profit fell to $29.3 million, or 65 cents a share, from $139.9 million, or $3.96 a share, in the year-ago period.
Cnooc Posts Weaker 1st Half Profit On Lower Output
Cnooc Ltd. (CEO) on Tuesday cut its first-half dividend to help pay for its multi-billion-dollar acquisition of Canadian energy producer Nexen Inc. (NXY).
Altimo VP Criticizes Telenor Over Reluctance for Equal Russian, Foreign Investors
A vice president of Altimo, a shareholder of Russian telecom operator VimpelCom Ltd. (VIP), on Tuesday criticized largest VimpelCom shareholder Telenor ASA (TEL.OS) over its reluctance to accept equal ownership of VimpelCom between foreign and Russian investors.
Glencore Toughens Stance in Xstrata Tussle
Glencore's chief executive said Tuesday its $30 billion bid for miner Xstrata is not a 'must-do deal' as the company fends off demands from a key shareholder for a higher price.
Allergan Signs Ophthalmic Drug Development Pacts With Molecular Partners
Allergan Inc. (AGN) signed agreements with privately owned biotechnology firm Molecular Partners AG to develop and commercialize a class of biological drugs for the treatment of serious ophthalmic diseases.
Keppel Unit to Build US$315 Million Accommodation Platform for Floatel International
Keppel Corp. Ltd. (BN4.SG) Tuesday said unit Keppel FELS Ltd. has signed a US$315 million contract to build a semi-submersible accommodation platform for Floatel International Ltd.
Glencore CEO: Kazzinc Deal Being Reworked; Not As Much Cash Out
Commodities titan Glencore International PLC (GLEN.LN) is reworking the terms of a deal to boost its stake in Kazakhstan's integrated zinc producer Kazzinc, Glencore's Chief Executive said Tuesday.
Li Ka-Shing-Linked ARA Eyes Up To $640 Million Yuan-IPO In October -Sources
ARA Asset Management Ltd. (D1R.SG), the Singaporean real estate firm partly owned by Hong Kong tycoon Li Ka-shing, plans to carve out some of its Chinese property assets in an up to US$640 million initial public offering by the end of October in what is set to be Singapore's first yuan-denominated
Scailex Blames Debts, Performance of Partner for Canceled Hutchison Deal
The poor financial performance of Israeli mobile operator Partner Communications Co. (PTNR.TV) and the large debts of its controlling shareholder, Scailex Corp. (SCIX.TV), led Hutchison Whampoa Ltd. (0013.HK) to cancel a deal to regain control of Partner, Scailex said Tuesday.