Microsoft To Invest $300M In Barnes & Noble Units
Microsoft is making a $300 million investment in Barnes & Noble's Nook digital-book business and college texts unit in a move that helps value the prized Nook business, the companies say.
Humana Net Falls 21% On Smaller Gain
Health-care company's 1Q earnings fall to $248 million, or $1.49 a share, above its guidance, from a year-earlier period that saw a larger gain from medical claims reserves. Increased membership contributes to stronger-than-expected revenue growth.
Anheuser-Busch InBev Upbeat As Profit Jumps
Anheuser-Busch InBev sounds an upbeat tone as the brewing giant posts a forecast-beating jump in profit boosted by strong pricing and a rise in volumes in its key markets of North America and Brazil.
Energy Transfer Partners To Buy Sunoco In $5.3B Deal
Energy Transfer Partners, a natural-gas pipeline operator, agrees to acquire independent refiner Sunoco in a $5.3 billion deal that would create one of the largest and most diversified energy partnerships in the U.S.
NAB Hurt By UK Division
National Australia Bank says 1H profit fell 16% from a year earlier on writedowns and restructuring charges at its struggling U.K. division.
RBS Eyes Global M&A Business Spin Off By Year End
A plan to spin off RBS's global mergers and acquisitions division into a boutique operation could be finalized by the end of the year, Simon Penney, chief executive of RBS in the Middle East and Africa says.
Regulators Shut Down Production At China's Coca-Cola Plant
Food safety regulators in northern China have shut down production at a beverage plant owned by Coca-Cola as punishment after finding chlorine in a batch of drinks made in February.
South Korea Launches Woori Finance Sale
South Korea launches its third attempt to privatize Woori Finance, the largest local financial holding firm by assets. The government's 57% stake is valued at $5.3 billion.
BP Suspends Executive At Centre Of Graft Probe
Senior BP executive accused of taking cash payments in return for giving sweetened tanker chartering terms is suspended pending the outcome of an inquiry, according to reports.
Standard Chartered Faces Shareholder Revolt
Standard Chartered investors are being urged by a major investment body to vote down a pay package for senior bankers collectively worth £56 million, the Sunday Telegraph reports.
GM, Isuzu To Discuss Capital Alliance
General Motors will start negotiations on acquiring about 10% of Isuzu Motors and striking a business alliance on commercial vehicle projects in Asia and Central and South America, the Nikkei reports.
Actelion's Lung Drug Meets Study Goal
Actelion gets a boost as a late-clinical study of its hypertension drug macitentan meets its goal, boosting investors' hopes for the biotech company's drug pipeline.
China's CIC Willing To Boost Russia Investment
China Investment Corp. is willing to increase its investment in Russia, and the China-Russia Investment Fund will start in the 2Q with initial capital of $1 billion, state-run media says.