Telus to Try Again to Collapse Dual-Share Structure
Telus Corp. (TU) said Tuesday it again will try to collapse its dual-share structure, allowing investors to exchange nonvoting shares for voting common shares on a one-for-one basis, the same exchange ratio it recently offered but withdrew in the face of some shareholder opposition.
Sinopec May Suspend Argentina Output on Government Policies - Report
China Petrochemical Corp. (SNP, 600028.SH), or Sinopec Group, is so concerned about oil industry policy in Argentina that it could suspend production there, a local newspaper with close ties to the government reported Tuesday.
Clive Palmer Seeks $8.4 Billion China Loan
Australian mining billionaire Clive Palmer is looking to resurrect an 8 billion Australian dollar (US$8.4 billion) loan from China Export Import Bank to help fund a coal project in Queensland state's Galilee basin, The Australian Financial Review reports Wednesday.
Coca-Cola Amatil to Lend up to A$46 Million to Australian Beer
Coca-Cola Amatil Ltd. (CCL.AU) said Wednesday it will lend up to 46 million Australian dollars (US$48.2 million) to the Australian Beer Company as it prepares to re-enter Australia's premium beer market.
AGL Earnings Slump After Power Plant Acquisition
AGL Energy Ltd. (AGK.AU) Wednesday reported a steep decline in annual profit, dragged down by one-off costs linked to the acquisition of a power station in Victoria state and changes in the value of derivatives.
CSL Planning Another A$900 Million Share Buyback
Australian blood products and vaccines producer CSL Ltd. (CSL.AU) Wednesday forecast a further gain in earnings this financial year and said its board is considering repurchasing another 900 million Australian dollars ($943.6 million) in shares even before the current buyback scheme is completed.
Fed Approves Fifth Third's Resubmitted Stress Test, Buyback, Dividend Boost
Fifth Third Bancorp (FITB) said the Federal Reserve has approved the Midwestern bank's request for a dividend increase and an expanded stock repurchase program.
EA Slashes Jobs at Mobile Gaming Unit PopCap
Electronic Arts' PopCap division cut about 12% of its North American workforce and is evaluating the viability of its Dublin studio to cope with headwinds in the social-gaming space.
Bank of America, Others to End Debt-Protection Products
Bank of America Corp. (BAC) and other banks have stopped selling add-on products to credit-card customers that suspend borrowers' minimum monthly payments in the event of a job loss or other hardship, as regulatory scrutiny of these offerings grows.