Packer Has No Arrangements With KT Lim Over Echo -Report
Australian casino mogul James Packer has no arrangement with Malaysia's KT Lim on the ownership of casino company Echo Entertainment Group Ltd. (EGP.AU), The Australian newspaper reported Thursday.
MetLife 2nd-Quarter Net Soars on Derivatives Gains; Core Profit Also Up
MetLife Inc.'s (MET) second-quarter earnings more than doubled as the life insurer reported its gains from derivatives soared, and its operating profit improved modestly.
Bancolombia 2nd-Quarter Net Fell 8.1% on Year to COP354 Billion
Bancolombia SA (CIB, BCOLOMBIA.BO), Colombia's largest bank, posted second-quarter consolidated net income of 354 billion Colombian pesos ($198 million), an 8.1% decline from the same quarter a year earlier as operating expenses soared.
Prudential Misses 2Q Estimates Amid U.S. Profit Drop
Second-quarter results from Prudential Financial Inc. (PRU) missed analyst estimates on Wednesday as profit at its U.S. operations declined.
Google Revamps Pay-By-Phone Service to Add More Cards
Google Inc. (GOOG) unveiled changes to its mobile-payment system Wednesday in a bid to get the upper hand in the battle for control of consumers' "digital wallets." The revamp allows a consumer to load any existing credit- or debit-card number into a software application, which then can be used to
Report: Moore Capital to Return $2B to Investors
Hedge fund titan Louis Moore Bacon told investors in a letter Wednesday that he is slimming down his flagship portfolio and will return $2 billion in assets as the global economy makes it more difficult to deliver the kind of returns his investors have seen since 1989.
House Passes GOP Tax Cut Plan
The Republican-led House of Representatives approved a largely symbolic plan on Wednesday that would maintain tax rates for all Americans.
J.G. Wentworth for Sale for Up to $1 Billion -New York Post
Private equity firm JLL Partners has put structured settlements business J.G.
Baxter Gets Complete Response Letter On HyQ Therapy
Baxter International Inc. (BAX) confirmed receiving a complete response letter from the U.S. Food and Drug Administration related to its investigational product HyQ, which is in development with Halozyme Therapeutics Inc. (HALO), after saying in April the agency was seeking additional information.
Transocean Swings to 2Q Loss on Charges, Revenue Up
Transocean Ltd. (RIG, RIGN.VX) swung to a second-quarter loss as contingencies for the Deepwater Horizon oil spill in the U.S. Gulf of Mexico weighed on the offshore oil-driller's results, though revenue improved.