Esprit Surges as CEO Appointment Removes Overhang
Esprit Holdings Ltd.'s (0330.HK) shares jumped more than 30% Tuesday afternoon as investors welcomed the fashion retailer's announcement that it tapped a senior executive from Zara parent Inditex SA as its new chief executive, resolving a major source of uncertainty that had been weighing on the
Chimei Innolux 2Q Net Loss Narrows to NT$9.57 Billion
Chimei Innolux Corp. (3481.TW) Tuesday reported a second-quarter net loss of 9.57 billion New Taiwan dollars (US$319 million), its eighth consecutive quarterly loss as the display industry struggles with slumping demand for televisions and computers.
Meggitt Gets $100M+ Printed Circuit Heat Exchange Contract
Meggitt PLC (MGGT.LN), an international company specializing in high performance components and sub-systems for aerospace, defense and energy, said Tuesday it has been awarded a 100 million dollar-plus contract for over 200 innovative high-performance compact printed circuit heat exchangers, or
InterContinental Hotels Returns Cash As Profit Rises
InterContinental Hotels Group PLC (IHG), the world's largest hotel operator by number of rooms, Tuesday said it will return $1 billion to shareholders as it recorded a rise in profit, driven by solid demand in the U.S., its largest and most lucrative market.
Fire at Chevron Richmond Refinery Now Contained -Spokesman
A fire that broke out at Chevron Corp.'s (CVX) Richmond refinery in California Monday has been contained, but the shelter in place warning hasn't been lifted, a spokesman for the company said Tuesday.
Standard Chartered Shares Dive 7% on US Regulator's Iran Allegations
Standard Chartered PLC's (STAN.LN) shares in Hong Kong tumbled to their lowest level in more than two and a half years on Tuesday, hit by broker downgrades following allegations by New York's financial regulator that the bank's U.S. unit ran a "rogue institution" that "schemed" with Iran's
Munich Re Net Profit Up; Lifts Hopes For Higher Full-Year Profit
Germany's Munich Re AG (MUV2.XE) Tuesday reported a 9.8% rise in net profit in the second quarter, helped by substantially lower costs for severe weather damage and the absence of impairments on Greek sovereign debt that weighed on last year's results.
Danske Bank Sees Uncertain Markets as Earnings Beat Views
Danish bank Danske Bank A/S (DANSKE.KO) Tuesday posted a much stronger-than-expected rise in second-quarter net profit helped by an improving result at its insurance business, but said it expects its earnings to remain low in 2012 amid uncertain economic conditions.
Standard Chartered Rejects US DFS Order, To Contest Position
Asian focused banking group Standard Chartered PLC (STAN.LN) said Tuesday it ceased all new business with Iranian customers in any currency over five years ago and strongly rejects the position and portrayal of facts made by the New York State department of financial services.
Xstrata Defers Capital Spend As Earnings Fall; Merger On Track
Anglo-Swiss miner Xstrata PLC (XTA.LN) Tuesday said it has deferred some of its capital expenditure for this year after reporting first-half earnings that were down by around a third, but said that timing of its growth projects remains unchanged and reaffirmed that its merger with Glencore