BNP Paribas Profit Lifted By Klepierre Stake Sale
France's largest bank by market value posts a 10% rise in 1Q net
profit to €2.87 billion, aided by a capital gain from the sale of
its shares in real-estate firm Klepierre.
Argentine Congress Approves YPF Takeover Bill
Argentine lawmakers approve a bill giving President Cristina
Kirchner the green light to seize a 51% stake in the country's
largest oil and gas producer, YPF, from Spain's Repsol.
RBS Posts Wider Net Loss As It Shrinks Balance Sheet
RBS posts a wider net loss of £1.52 billion in the 1Q, as the
bank is hit by an accounting charge and continues to wrestle with
losses in Ireland.
Hutchison Whampoa's €2B Eircom Bid Rejected
Hutchison Whampoa's €2 billion bid for Irish telecommunications
company Eircom, which is in supervised credit protection, is
rejected by a court-appointed examiner, Bloomberg News reports.
Swiss Re Swings To A Higher-Than-Expected Net
Swiss Re reports much better-than-expected earnings for the 1Q,
driven by an increase in premiums and a good result from
investments, marking a strong turn around from the year-earlier
period.
CLP Says IPO, Sale Among TRUenergy Options
Power generator CLP Holdings weighs a full sale of its TRUenergy
unit in Australia among other options, including an IPO, which is
seen valued at $3.1 billion.
Facebook Targets $96B Value
Facebook sets an IPO price range of $28 to $35 a share, valuing
the company at up to $96 billion, in what would be a record
technology debut.
SK Hynix Drops Elpida Bid
South Korean chipmaker SK Hynix won't proceed with a bid for
ailing Japanese chipmaker Elpida Memory, which it saw as too
costly.
Goldman Sachs Takes Steps To Protect Bond Turf
Goldman Sachs prepares to roll out a bond-trading platform on
which it will charge lower fees than on typical bond trades, people
familiar with the matter tell The Wall Street Journal.
Qantas Cuts FY13 Capex, Delays A380 Deliveries
Qantas cuts its capital expenditure budget for the next
financial year after delaying the delivery of two Airbus A380
superjumbos.
Hong Kong Tycoon Walter Kwok Arrested By Antigraft Agency
Hong Kong's Sun Hung Kai Properties says Walter Kwok, its former
chairman and the eldest son of the company's founding family, was
arrested by the city's antigraft agency in connection with a
bribery probe.
Yahoo Admits Error On CEO Resume
Yahoo admits Chief Executive Scott Thompson doesn't have the
academic credentials that the company said he did, a statement that
came after the company's chief critic questioned his credibility
and character.
AIG's Profit More Than Doubles
American International Group's 1Q profit grows to $3.21 billion,
driven by improved results at its core insurance operations and
changes in the value of two major holdings.
LinkedIn To Buy SlideShare; Profit Surges
Professional-networking site unveils plans to buy presentation
service SlideShare through a cash-and-stock deal valued around
$118.8 million, after 1Q profit soars to $5 million, or 4c a
share.
Kraft Profit Rises But Margins Weaken
Packaged-food giant's 1Q earnings rise to $813 million, or 46c a
share, as higher prices help boost revenue, though increased input
costs continue to weigh on margins.
Samsung Unveils Galaxy S III To Challenge iPhone
Samsung Electronics unveils a faster, larger version of its
flagship smartphone, aimed at sustaining its strong growth in
advanced cellphones and avoiding an escalation of a global patent
dispute with Apple.