E.ON Forecasts Rising Profit
German utility E.ON says it expects profits to rise in coming years after reporting its first ever loss in 2011 as muted energy demand, low power prices and Germany's accelerated exit from nuclear power weighed on earnings.
Bayer Expects Growth For Most Divisions In 2014
German chemicals and pharmaceutical company Bayer gives its growth targets for 2014, projecting rises in sales and adjusted earnings margins for most divisions.
Sharp's Delivery Of Panels For New iPad Delayed
Sharp's delivery of LCD panels for the new iPad has been delayed because of difficulties in customizing the panels to Apple's requirements, says a person familiar with the situation.
-- Sharp Names Takashi Okuda President
Tullow Doubles Dividend, High Oil Prices Drive Earnings
Tullow Oil doubles its dividend, capping off a year in which the London-listed oil explorer completed a $2.9 billion deal to sell some of its license blocks in Uganda and made a significant discovery in South America.
Legal & General Upbeat As Profit Rises
U.K. insurer Legal & General says it remains confident about its business prospects despite a weak U.K. economy, as it posts a 5% rise in operating profit last year.
Hannover Re Lifts Dividend Ratio
Hannover Re says that its dividend payout ratio for 2011 will be higher than usual, even though last year was one of the most expensive for the industry and its net profit fell 19%.
India Seeks About $1B For Dreamliner Delay
India's aviation ministry asks Boeing to pay just under $1 billion to flag carrier Air India as compensation for delays in delivering the 787 Dreamliner aircraft.
Cathay Pacific 2011 Profit Falls 61%
Cathay Pacific's 2011 profit falls 61% on rising fuel costs and softer demand for its freight services. The airline expects continued weakness for cargo operations in 2012.
Uganda Court Halts Sale Of Shell Unit's Assets
Uganda's High court blocks Shell from proceeding with further negotiations about the intended sale of its Ugandan unit to third parties until a case filed against it is heard, court officials say.
JPMorgan Leads Banks Set To Raise Dividend
J.P. Morgan Chase leads a number of the biggest U.S. banks in unveiling dividend raises and stock buybacks, after receiving the results of the Federal Reserve's stress tests.