HERMÈS WARNS ON CURRENCY EFFECTS DESPITE RISE IN PROFIT
French luxury-goods company Hermès International SA on Friday
warned that currency shifts will continue to drag on its full-year
profit margin, even though it recorded a rise in first-half profit
and sales. (published 0548 GMT)
TWITTER EXECUTIVE: COMPANY TO OPEN INDONESIA OFFICE
Twitter Inc. plans to open an office in populous Indonesia in
the next three to six months, an executive said, highlighting the
importance of fast-growing emerging markets as the company seeks
future growth. (published 0230 GMT)
NATIONAL AUSTRALIA BANK TO SELL GREAT WESTERN STAKE IN IPO -- UPDATE
Less than a month into the job, National Australia Bank Ltd.'s
new Chief Executive Andrew Thorburn has begun a process its
shareholders have been urging for some time (published 0252
GMT)
MEDIBANK PRIVATE TO LIST ON AUSTRALIAN STOCK EXCHANGE IN DECEMBER
Medibank Private, Australia's largest health-insurance company
is due to list on the Australian Stock Exchange in December.
(published 0502 GMT)
CIMB GROUP 2Q NET FALLS 9.5%; FLAGS CHALLENGE IN INDONESIA
CIMB Group Holdings Bhd.'s second-quarter net profit fell 9.5%
year over year because of loan impairments at its Indonesia unit
and lower earnings from joint ventures and associates, it said
Friday. (published 0545 GMT)
GOOGLE REVEALS DELIVERY DRONE PROJECT >GOOG
The latest endeavor to emerge from Google Inc.'s
advanced-research lab is flying into a field buzzing with
competitors. (published 0107 GMT)
AIG CHIEF'S HEALTH HAS WORSENED
With his tenure as chief executive of American International
Group Inc. ending next week, Robert Benmosche divulged that his
cancer worsened dramatically earlier this year, making him less
interested in staying at the company into early next year, as
previously planned. (published 0143 GMT)