MICROSOFT'S PROFITS FALL ON HIGHER COSTS -- 4TH UPDATE
Microsoft Corp.'s charmed financial success hit a snag.
(published 2217 GMT Monday)
POST TO ACQUIRE MOM BRANDS IN $1.15 BILLION CEREAL MERGER -- 2ND UPDATE
Post Holdings Inc. announced a $1.15 billion acquisition to
expand in a business many companies have been trying to diversify
away from: breakfast cereal. (published 2230 GMT Monday)
TEXAS INSTRUMENTS PROFIT RISES SHARPLY
Texas Instruments Inc.'s fourth-quarter profit rose sharply,
driven by sales of analog chips and embedded processors. (published
2158 GMT Monday)
ALIBABA PICTURES GROUP EXPECTS 2014 LOSS
Hong Kong-listed Alibaba Pictures Group Ltd., a film and TV
production unit of Chinese e-commerce giant Alibaba Group Holding,
said late Monday it expects to swing to a loss of up to 600 million
Hong Kong dollars for 2014, partly dragged by a drop in revenue.
(published 0046 GMT)
BANKS REACH SETTLEMENT OVER SINO-FOREST STOCK SALE
A group of Canadian and other investments banks agreed to pay a
total of 32.5 million Canadian dollars to settle claims related to
their role as underwriters to help Sino-Forest Corp. sell stock, in
what is believed to be one of the largest settlements of its kind
in Canadian history. (published 0048 GMT)
TE CONNECTIVITY NEARS DEAL TO SELL NETWORK BUSINESS FOR ABOUT $3 BILLION
TE Connectivity Ltd. is nearing a deal to sell its business that
makes equipment for telecommunications and data networks to
CommScope Holding Co. for about $3 billion, according to people
familiar with the matter. (published 2223 GMT Monday)
WIKILEAKS WANTS GOOGLE ANSWERS ON GIVING STAFF DATA TO U.S. -- UPDATE
WikiLeaks said Monday the whistleblower website is demanding
answers from Google Inc. about why the Internet search company
appears to have handed WikiLeaks staff members' personal data to
U.S. law enforcement nearly three years ago. (published 2333 GMT
Monday)
BLACKSTONE SELLS EUROPEAN REAL ESTATE ASSETS FOR EUR145M
Blackstone LP sold a European real estate fund manager to
Australia's Cromwell Property Group for EUR145 million . (published
2307 GMT Monday)
U.S. STEEL TO CURB OPERATIONS AT THREE PLANTS -- UPDATE
U.S. Steel Corp. said Monday it will temporarily curtail
operations at two plants in Alabama and one in Texas, potentially
affecting 1,918 workers, as the collapse of oil prices continues to
punish key segments of American industry. (published 2246 GMT
Monday)
YAHOO HOLDERS AWAIT PLAN FOR ALIBABA ASSETS
Marissa Mayer on Tuesday is expected to unveil her plan for
Yahoo Inc.'s valuable Asian assets, an announcement that could
determine whether the embattled chief executive buys herself more
time with shareholders or invites a bitter proxy battle that could
threaten her job. (published 2325 GMT Monday)
PEPSICO EXPANDS DISTRIBUTION OF STEVIA-SWEETENED COLA
The stevia cola wars are slowly heating up as PepsiCo Inc. and
rival Coca-Cola Co. try to tap growing consumer thirst for natural
sweeteners. (published 2210 GMT Monday)
LYNAS REPORTS MAIDEN POSITIVE CASH-FLOW, BUT FORESEES CHALLENGES AHEAD
Lynas Corp. reported its maiden positive monthly operating
cash-flow in December, although said it doesn't expect to be able
to sustain that in the coming months because of weak rare-earths
prices and restructuring costs. (published 2322 GMT Monday)
HESS CUTS 2015 CAPITAL AND EXPLORATORY SPENDING
Hess Corp. is reducing its 2015 budget, joining a number of
energy producers that have reduced spending plans amid a sharp
decline in oil prices. (published 2315 GMT Monday)
ASHLAND PROFIT FALLS SHARPLY ON COSTS OF GLOBAL RESTRUCTURING
Ashland Inc.'s first-quarter profit fell sharply as the chemical
company reported higher costs associated with a global
restructuring launched a year ago to focus on its core business of
specialty chemicals. (published 2235 GMT Monday)