News Archive for July 25, 2014

  • RBS Shares Lifted by Rise in Operating Profit

    LONDON—Royal Bank of Scotland Group PLC's shares shot up Friday as the lender posted a big rise in operating profit for the second quarter and said its bad debt charges for the year would be lower.

  • BSkyB to Buy Sky Italia, Sky Deutschland Stakes From 21st Century Fox

    LONDON—British pay- and satellite-television giant British Sky Broadcasting Group PLC said Friday it agreed to buy all of Sky Italia and most of Sky Deutschland AG from Rupert Murdoch's 21st Century Fox, for about £5.35 billion ($9.09 ...

  • Asian Shares Mixed

    HONG KONG—Japanese stocks closed at a six-month high on Friday, as a weaker yen buoyed the market at the end of a positive week for Asian stocks.

  • 21st Century Fox to Continue Buyback Program

    LONDON—Rupert Murdoch's 21st Century Fox Inc. said it would continue its share buyback program through the next fiscal year, a move that may encourage investors worried about the company's efforts to acquire Time Warner Inc.

  • Tencent Holdings Gets Approval for Shenzhen Private Bank

    BEIJING—China's banking regulator approved the establishment of three private banks, as part of an effort by Beijing to enlist private capital to shake up the country's state-dominated banking sector.

  • McDonald's Japan Stops All China Chicken Sales

    TOKYO—McDonald's Holdings Co. (Japan) Ltd. said Friday it has decided to stop selling all chicken products produced in China after reports earlier this week that a Chinese food supplier may have shipped expired meat.

  • U.K. Equities Take the Limelight in European Markets

    U.K. equities were the center of European markets' attention Friday, with construction firms Balfour Beatty PLC and Carillion PLC both soaring more than 10% on merger talks, and Royal Bank of Scotland Group PLC rocketing 15% after the bank ...

  • Australia Plans to Send Police to Ukraine

    MELBOURNE, Australia—Australia is working with other countries to send police officers to eastern Ukraine to help secure the Malaysia Airlines Flight 17 crash site.

  • France Sends Troops to Air Algérie Crash Site in Mali

    PARIS—France has deployed troops to the crash site of an Air Algérie flight, the French presidency said Friday, after the jetliner's wreckage was located in northern Mali near the border of Burkina Faso.

  • Caixabank Profit More Than Doubles

    MADRID—Caixabank SA said Friday that second-quarter net profit more than doubled as Spain's third-largest bank by market value set aside less cash to cover bad loans and commissions rose slightly.

  • Pearson Swings to Profit Despite Fall in Sales

    LONDON—U.K. publisher Pearson PLC on Friday swung to a first-half profit, even as sales fell, and confirmed its guidance for the full year.Pearson, which publishes the Financial Times newspaper, posted net profit of £227 million ($385.8 ...

  • Lloyds Nears Rate-Probe Settlement

    LONDON—Lloyds Banking Group PLC said Friday it is in late-stage settlement talks with a number of agencies over the potential rigging of Interbank Offered Rates and other benchmarks.

  • Baidu's Revenue, Profit Increase on Mobile Strength

    Baidu Inc. gave an upbeat revenue outlook after reporting a 34% rise in second-quarter profit as the Chinese Internet giant's bet on mobile services started to pay off.

  • Vodafone Upbeat as Revenue Rises

    LONDON—Vodafone Group PLC Friday said some of its key European markets are showing signs of stabilization, even as it recorded lower-than-expected growth in quarterly revenue.

  • Anglo American Profit Sees Strong Rise Despite Setbacks

    LONDON—Anglo American PLC more than tripled net profit in the first half of the year after slashing costs but suffered setbacks at its iron-ore and platinum divisions.

  • Danone Still Hurt by False Scare

    PARIS—Slower sales of baby food in China and dairy products in Europe again hampered Danone SA, as the French dairy giant posted a drop in profit and sales for the first half of the year.

  • A High Seas Comeback for Sails

    SINGAPORE—As the shipping industry struggles with high fuel costs and tepid demand, some innovators say that high-tech sails may hold the secret to cheaper and cleaner fuel.

  • Statoil Profit More Than Doubles Despite Output Drop

    OSLO—Norwegian oil major Statoil ASA said Friday its second-quarter net profit more than doubled as higher prices offset a 9% production drop on the year, adding it was limiting its gas output on low prices in Europe.

  • Baidu Finds China's Mobile Money

    Baidu sometimes seems like the least loved of China's Internet giants. Blowing past low expectations should engender renewed investor ardor.

  • Breaking Ball: The Latest on a Pitch for Japanese Baseball Glory

    Shota Tatsuta has two goals: To qualify for Japan's summer Koshien baseball tournament, and then become a professional ballplayer. To get to Koshien, his Yamato-Koryo High School must win a regional single-elimination tournament that ...

  • Japan's Inflation Slows for Second Month

    TOKYO—Japan's inflation rate fell for a second straight month in June, as a surge in energy costs lost steam and the Japanese economy slowed following a sales tax increase four months ago.

  • Agricultural Bank of China to Tweak Mortgage Policy

    BEIJING—Agricultural Bank of China, one of China's big four state-owned banks, plans to tweak its mortgage policies for first-time home buyers in Shanghai, a move seen as part of the targeted easing approach that Beijing is taking to ...

  • Huawei's Smartphone Business Looking Brighter

    Huawei Technologies Co.'s smartphone business is looking brighter.The Chinese company's sales of smartphones and other consumer products rose 30% in the first half of this year, according to an internal memo seen by The Wall Street Journal.

  • Kia's Second Quarter Operating Profit Down 32%

    SEOUL—Kia Motors Corp.'s quarterly operating profit shrank by a third, despite record sales in its key U.S. market, as the auto maker was battered by a strong local currency.

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  • Lengthy Arizona Execution Heightens Lethal-Injection Questions

    The drawn-out execution of an Arizona man is certain to set off more public debate over the death penalty and lead to new court battles over states' efforts to keep details about their lethal-injection practices secret.

  • More Money for Seniors as City Grays

    Tucked inside the New York City budget this year is an extra $22.7 million for the city's fastest-growing demographic: older New Yorkers.The Department for the Aging received an 8% bump to $280 million in the budget negotiated last month by ...

  • Doctor Fires Back at Pennsylvania Hospital Gunman

    DARBY, Pa.—A doctor told police that a patient fatally shot a caseworker at their hospital complex before the doctor pulled out his own gun and exchanged fire with him and wounded him, a prosecutor said Thursday night.

  • What's News: World-Wide

    Russia is firing artillery across its border at Ukrainian military positions, U.S. defense and diplomatic officials said. 1The EU is moving to place sanctions on a range of Russian economic sectors over its support of Ukrainian rebels.

  • What's News: Business & Finance

    New-home sales fell 4.9% in the first half, a slowdown that could weigh on job creation in construction and reverberate throughout the broader economy.

  • Wall Street Takes a Shine to Argentine Bonds

    Argentina hasn't made many friends on Wall Street. But that hasn't stopped bankers from trying to bring the country back into the bond market.

  • What's News—

    Business & FinanceAn overhaul of global finance-accounting rules could make it harder to compare banks inside and outside the U.S.Barclays filed a motion to dismiss the New York attorney general's complaint alleging it lied to clients ...

  • What's News—

    Business & FinanceCP Group and Itochu plan to make investments in one another to the tune of $1.9 billion, highlighting the prospects for food businesses in Asia.

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