Bank of Communications Private Placement Approved by China
Bank of Communications Co. (BCMXY, 3328.HK) has received approval from China's securities regulator to complete its private share placement, the bank said in a stock exchange announcement Saturday.
Chile Latam Airlines 2nd-Quarter Net $49.7 Million Vs. $15.9 Million
Chilean holding company Latam Airlines Group SA (LFL, LAN.SN) reported Friday $49.7 million in second-quarter net profit, up from $15.9 million in the same period of 2011.
Argentina's YPF Posts 1st-Half Net ARS2.1 Billion
Argentina's state-run oil and gas company YPF SA (YPFD, YPF.BA) late Friday posted a profit of ARS2.1 billion ($456 million) in the first half of 2012.
Peregrine President to Testify Before Grand Jury
An Iowa grand jury is expected to hear testimony next week from Russell Wasendorf Jr., the president of failed brokerage Peregrine Financial Group and son of its embattled CEO.
With Corn Crops in Trouble, Ethanol Quota Debate Grows
With the drought in the U.S. Midwest expected to keep food prices rising, the argument for a suspension of ethanol quotas is getting louder.
WSJ: Big Hopes for Kodak Patent Auction, But Small Bids
Eastman Kodak Co.'s (EKDKQ) patent auction in New York has failed to generate the premium bids that the company and creditors had hoped for, with some suitors leaving the action in the past few days, people familiar with the matter said.
Apple Speeds Through Final Witnesses in Patent Case
SAN JOSE, Calif.--Apple Inc. (AAPL) called a set of final witnesses in its patent case against Samsung Electronics Co. (005930.SE, SSNHY), seeking to show that consumers confused the Korean company's products with Apple's.
C.H. Robinson Boosts Buyback Program by 10 Million Shares
C.H. Robinson Worldwide Inc. (CHRW) had added 10 million shares to its share-repurchase program as the logistics company looks to boost shareholder return. The latest authorization represents about 6.2% of shares outstanding as of Friday. The company had about 2.5 million shares remaining under its
Honda Hopes U.S. Expansion Will Reduce Yen Impact
Honda North America is expanding its production in the U.S., and hopes it would provide the company with more resilience to a strengthening yen.
Argentina Parallel Forex Rate Weakens After Fund Rule Rally
The Argentine peso weakened on a heavily used parallel foreign exchange market Friday, a day after news of a new rule affecting the local mutual fund industry sparked a rally in the so-called blue-chip swap rate.