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Nokia Corp.(NOK) Friday announced that its navigation, mapping and location business HERE has partnered with South Korean conglomerate Samsung Electronics Co. Ltd. (SSNLF.PK, SSNNF.PK) to bring its maps and location platform services to Samsung's Tizen-powered smart devices, including the newly-announced...

Green Dragon Gas Ltd. (GDG.L), a producer of CBM gas in China, Friday said it will pay $40 million as a final settlement to energy giant ConocoPhillips (COP), following which the latter would renounce all claims and awards to them within the various proceedings in multiple jurisdictions. The payment...

Danish container shipping firm A.P. Moller-Maersk A/S (AMKAF.PK, AMKBF.PK) said it would initiate a share buyback program of 5.6 billion Danish Kronor or about $1 billion to be executed during a 12 months period. This program would be executed under EU Commission Regulation no. 2273/2003 of 22 December...

Afren Plc. (AFR.L, AFRNF.PK), an Africa-focused oil and gas company, Friday said first-half profit before tax declined 49 percent as revenue declined amid lower production. The stock fell 8 percent in early morning trading. Late last month, Afren temporarily suspended its Chief Executive Officer Osman...

French pharmaceutical firm Ipsen S.A. (IPSEY) Friday said its first-half profit increased from the prior year, amid improved revenues. The company also lifted its forecast for full year core operating margin. The stock gained over 5 percent in early morning trading. Net profit attributable to shareholders...

National Australia Bank (NABZY.PK, NAUBF.PK) said that it plans to sell a minority stake in its US-based subsidiary Great Western Bank or GWB through an initial public offering of shares in the US. It is customary in the US to sell a minority stake initially if exiting a business via the public markets. National...

British supermarket chain Tesco Plc. (TSCO.L, TSCDY.PK) Friday said it now expects trading profit for 2014/15 to be in the range of 2.4 billion pounds to 2.5 billion pounds. Trading profit for the six months ending August 23 is expected to be in the region of 1.1 billion pounds. Tesco said challenging...

Afren Plc (AFR.L, AFRNF.PK), an Africa-focused oil and gas company, reported Friday that its first-half pre-tax profit declined 49 percent to $133 million from last year's $260 million. Normalised profit before tax was $127 million, down 59 percent from $309 million a year ago. On an after tax...

Hermès International (0HV2.L, HESAY.PK, HESAF.PK) reported first-half consolidated net income of 413 million euros, a 8% rise over prior year. Operating income totalled 621 million euros, compared to 584 million euros in the first half of 2013. Consolidated revenue totalled 1.91 billion euros, a...

SBM Offshore N.V. (SBFFY.PK), a dutch provider of floating production solutions to the offshore energy industry, Friday announced that is has completed the sale and lease back of its Monaco real estate portfolio. The company noted that the last of the three buildings was sold for approximately $62...

French pharmaceutical firm Ipsen S.A. (IPSEY) Friday said its first-half net profit attributable to shareholders of the company increased to 104.0 million euros from 96.2 million euros last year. The prior-year results have been restated. Earnings per share were 1.26 euros, up from 1.15 euros last...

Barclays Plc. (BARC.L, BCS) has committed $275 million in financing to Detroit to exit from its bankruptcy after it gets court approval for its debt reduction plans at a trial beginning next week. Detroit filed the biggest municipal bankruptcy in U.S. history last year. It now seeks court approval...

Deutsche Telekom AG (DTEGY.PK) is willing to negotiate a sale of its T-Mobile US Inc. unit for an offer of $35 per share or more, Bloomberg reported, quoting a person with knowledge of the matter. T-Mobile is the fourth-largest wireless carrier in the U.S. Senior managers of Deutsche Telekom reportedly...

European oil giant Royal Dutch Shell Plc. (RDS-B, RDSB.L, RDSA.L, RDS-A) has submitted a revised plan to the U.S. government to drill in the Arctic Ocean, off the coast of Alaska, the Financial Times said. Shell has submitted its exploration plan to the Bureau of Ocean Energy Management, which controls...

Pharmaceutical company Prestige Brands Holdings, Inc. (PBH) has agreed to divest assets and marketing rights for the over-the-counter motion sickness drug Bonine to settle Federal Trade Commission charges that its proposed acquisition of Insight Pharmaceuticals Corp. would likely be anticompetitive....