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San Miguel to sell small stake in Manila Electric for US$300m: IFR
2013-07-19 08:55:12| Beverages - Topix.net
Philippine conglomerate San Miguel Corp is selling a 4.3 per cent stake in Manila Electric Co , a small portion of its total holdings in the power firm, to raise around US$300 million, IFR reported late on Thursday [MANILA] Philippine conglomerate San Miguel Corp is selling a 4.3 per cent stake in Manila Electric Co , a small portion of its total ... (more)
McGraw-Hill Ed Buys Tata Group's Stake in Joint Venture
2013-07-18 12:31:39| Steel - Topix.net
McGraw-Hill Education today announced the completion of its acquisition of the entirety of shares in Tata McGraw-Hill Education Private Limited, the company's long-existing joint venture with Tata Group.
Tags: groups
joint
venture
buys
Yahoo ad revenues shrink, profit grows on Alibaba stake
2013-07-17 09:20:00| Telecompaper Headlines
(Telecompaper) Yahoo reported growth in net profit thanks to its 24 percent stake in e-commerce portal Alibaba, but lower revenues in the second quarter, as it struggled to increase advertising turnover. Overall revenue shrank by 7 percent to USD 1.14 billion from USD 1.22 billion in the second quarter of 2012. Income from operations soared 150 percent to USD 137 million from USD 55 million, and net earnings per diluted share were 68 percent higher at USD 0.30 in the latest quarter, compared to USD 0.18 a year earlier. CEO Marissa Mayer said she was encouraged by Yahoo's second quarter performance. Yahoo expects to report USD 1.06 billion to USD 1.1 billion of revenue excluding traffic acquisition costs in the current quarter and USD 4.45 billion to USD 4.55 billion in the full year. Non-GAAP operating income USD 165 million to USD 185 million and USD 900 million to USD 1 billion, respectively.
Tags: yahoo
profit
revenues
alibaba
J&J Raises Annual Forecast After Selling Its Stake in Elan, Doubling Net
2013-07-16 18:20:39| Food - Topix.net
Johnson & Johnson , the world's biggest maker of health-care products, more than doubled its earnings in the second quarter after selling its stake in Elan Corp. The company also boosted its profit forecast.
Tags: net
annual
selling
forecast
Germany approached UBS about Commerzbank stake, Bloomberg reports
2013-07-16 11:31:14| Beverages - Topix.net
Germany approached UBS about Commerzbank stake, Bloomberg reports Commerzbank rose in Frankfurt trading after a report that German Finance Minister Schaeuble spoke with UBS Chairman Weber to evaluate interest in buying a stake, reports Bloomberg.
Tags: germany
reports
approached
stake
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