HUTCHISON WHAMPOA SAYS IN EXCLUSIVE TALKS TO BUY U.K.'S O2 FOR POTENTIALLY MORE THAN $15 BILLION
Li Ka-shing's Hutchison Whampoa said it has agreed to entered
into exclusive talks to buy U.K. mobile-phone operator O2 for
potentially more than GBP10 billion in what would be the latest big
consolidation move in that country's fast-changing wireless market.
(published 0507 GMT)
CHINA INSURANCE PREMIUM GROWTH AT 17.5% IN 2014
Chinese insurance companies recorded 17.5% growth in premiums
last year to 2.02 trillion yuan, a vice chairman of China's
insurance regulator said on Friday. (published 0540 GMT)
KIA MOTORS TO RAISE END-2014 DIVIDEND BY 43% TO 1,000 WON A SHARE
Kia Motors Corp. said Friday it would increase its dividend for
last year by 43% as part of its shareholder-friendly policy.
(published 0559 GMT)
UBER RESTARTS OPERATIONS IN NEW DELHI -- UPDATE
Uber Technologies said Friday that it had restarted operations
in New Delhi after the car-hailing service was barred from India's
capital in December. (published 0520 GMT)
INVESTORS BET BOX INC. CAN GROW BEYOND STORAGE BUSINESS--UPDATE
Investors in Box Inc.'s initial public offering Thursday are
betting the software maker can grow beyond the commodity business
of online storage and into a suite of tools tailored for industries
such as health care and retail. (published 0120 GMT)
SANY HEAVY EQUIPMENT INTERNATIONAL EXPECTS 50%-60% DROP IN 2014 NET PROFIT
Chinese heavy-machinery maker Sany Heavy Equipment International
Holdings Co. said late Thursday it expects a 50%-60% drop in net
profit for last year, as weak demand for coal hurt sales of
coal-mining equipment. (published 0145 GMT)
CAPITAMALL TRUST FY 2014 DISTRIBUTABLE INCOME S$375.3 MLN; UP 5.4%
Singapore's largest real-estate investment trust CapitaMall
Trust said Friday its distributable income for the 2014 financial
year rose 5.4% partly buoyed by the high occupancy rate of its
shopping malls due to the proximity of transportation hubs and
large population catchment areas. (published 0052 GMT)
TENAGA NASIONAL SHARES SURGE ON 1Q PROFIT
Shares of Tenaga Nasional Bhd surged Friday following a sharp
rise in net profit in the first fiscal quarter. (published 0143
GMT)
T-MOBILE TO TAP SUBPRIME CUSTOMERS
T-Mobile US Inc. is giving subprime subscribers another chance
amid an escalating battle for customers in the wireless business.
(published 0028 GMT)
QUALCOMM GRANTS MORE STOCK TO RETAIN TOP EXECUTIVES
Qualcomm Inc., citing aggressive attempts by rivals to recruit
its senior managers, moved to retain them with compensation that
included two stock grants valued at a total of $50 million for its
chief executive. (published 0017 GMT)
DIMON, BLANKFEIN GET LUCRATIVE PAY PACKAGES -- 3RD UPDATE
Two Wall Street giants are putting more cash in their CEOs'
pockets this year. (published 0048 GMT)
SANDS CHINA: CHAIRMAN SHELDON ADELSON WILL BE APPOINTED AS CEO EFFECTIVE MARCH 6
Hong Kong-listed Sands China Ltd., a casino operator in Macau,
said Friday its chairman Sheldon Adelson will be appointed as chief
executive officer with effect from March 6. (published 0455
GMT)
CHAIRMAN OF CREDIT SUISSE'S CHINA PARTNER BROKERAGE OUT OF CONTACT SINCE JAN. 19
Lei Jie, the chairman of Founder Securities Co., has been out of
contact since Jan. 19, the company said in a statement. (published
0422 GMT)
STARBUCKS PICKS A PRESIDENT FROM TECH INDUSTRY-- 2ND UPDATE
Starbucks Corp. tapped a longtime technology-industry leader as
its No. 2 executive, reflecting the coffee giant's increasing
emphasis on digital payments and other innovations to drive its
growth. (published 0014 GMT)