Breaking News

Share SHARE

HSBC Bank Oman S.A.O.G., an indirect 51% owned subsidiary of HSBC Holdings plc (HSBA.L, HBC), announced it has entered into an agreement to sell banking business in India to Doha Bank QSC. At 31 December 2013, the business to be sold had two branches and gross assets of approximately US$58 million. The...

PNC Financial Services Group Inc. (PNC) said that its first-quarter net income attributable to common shareholders increased to $992 million from the prior year's $928 million, with earnings per share improving to $1.82 from $1.74 in the same quarter last year. Analysts polled by Thomson Reuters expected...

IMAX Corp. (IMAX; IMX.TO) and TCL Multimedia Technology Holdings Ltd. announced a joint-venture partnership with Wasu Digital TV Media Group (WASU) as part of their IMAX TCL home theatre initiative. As one of China's largest digital content providers and one of five operators approved by the state to...

Huntington Bancshares Inc. (HBAN) said that its first-quarter of 2014 net income declined to $149.1 million, down from $153.3 million in the same quarter last year. But, earnings per share were $0.17, unchanged from the year-ago quarter. Analysts polled by Thomson Reuters expected the company to report...

Credit-card issuer American Express Co. (AXP) is expected to report results for the first quarter after the close of trading. The New York-based company is expected to earn $1.30 per share, higher than the prior year's $1.15 per share. Quarterly revenues are anticipated to climb to $8.36 billion from...

German utility major RWE AG's (RWEOY) net income is expected to largely stabilise beyond 2014, though at lower levels than in the previous years. At its Annual General Meeting on Wednesday, the company also said it does not expect the dramatic trends of recent years to continue to quite the same extent. During...

Rolls-Royce Holdings plc (RR.L, RYCEY.PK) and Daimler (DDAIF.PK) announced they have agreed the valuation of Daimler's 50% equity interest in the joint venture Rolls-Royce Power Systems. The companies have determined the fair market value of Daimler's shares at 2.43 billion euros. The transaction is...

Metso Oyj's (MXCYY.PK) shares declined around 4 percent in the morning trade in Helsinki after the Finnish maker of rock crushers said it rejected a merger proposal from UK-based engineering solutions provider Weir Group Plc (WEIR.L). Metso added that its Board remains extremely positive and confident...

Financial services firm Goldman Sachs Group Inc. (GS) is trying to jump-start its stock-trading business, after top clients such as Fidelity Investments, BlackRock Inc (BLK), and investors voiced their concerns with the way Goldman and other firms trade stocks, the Wall Street Journal reported quoting...

Insurance company Lancashire Holdings Ltd. (LRE.L, LCSHF.PK) announced Wednesday that Richard Brindle, the Chief Executive Officer since he founded the business in 2005, has decided to retire from the Group and as a director, effective April 30. Alex Maloney will succeed Brindle as Group Chief Executive...

Metso Corporation (MXTOF.PK), a process performance provider for mining, construction, and oil & gas industries, said Wednesday that its board has rejected Weir's proposal and sees no reason to begin talks regarding a potential combination. Metso's board carefully evaluated Weir proposal and unanimously...

BayWa AG (BYWG) reported that its subsidiary based in New Zealand, Turners & Growers Ltd., an exporter and producer of fresh fruit, has agreed upon the acquisition of Apollo Apples Ltd., a producer and exporter of apples, based in New Zealand, with its shareholders. The purchase price is approximately...

Dr. Reddy's Laboratories (RDY) announced it has launched Eszopiclone Tablets (C-IV) 1 mg, 2 mg and 3 mg, a therapeutic equivalent generic version of LUNESTA (eszopiclone) tablets C-IV in the US market on April 15, following the approval by the FDA. Eszopiclone Tablets (C-IV) 1 mg is available in...

British supermarket chain Tesco Plc (TSCDY.PK, TSCO.L) posted annual Group statutory pre-tax profit from continuing operations of 2.26 billion pounds, after one-off charges totaling (801) million pounds, including (734) million pounds for the impairment of European assets. Despite these charges and a...

RSA Insurance Group plc (RSANY.PK, RSA.L, RSA) announced the agreed resignation of Adrian Brown, Executive Director and CEO of its UK & Western Europe business. Adrian has resigned from the Board but will continue his executive role until after a successor is appointed. Adrian will take up a new role...