BAYER TO FLOAT PLASTICS BUSINESS
Bayer said it plans to focus entirely on its life sciences
operations, subject to approval by the company's supervisory
board.
AWE, ORIGIN IN HUGE WESTERN AUSTRALIA GAS FIND
Australian energy company AWE said it may have made the largest
onshore natural-gas discovery in Western Australia for 50 years, in
partnership with Origin Energy.
ALIBABA IPO GIVES INSIDERS RARE CHANCE TO SELL EARLY
A swath of early investors in Alibaba Group Holding will be able
to sell more than $8 billion worth of shares on the day the Chinese
e-commerce company goes public, an unusual arrangement that is
influencing how bankers price the offering.
SONY SHARES PLUNGE AFTER EARNINGS WARNING
Sony's share price plunged after the company said that it would
post a loss of more than $2 billion in the current fiscal year and
stop paying dividends.
HYUNDAI SNAPS UP GANGNAM SITE FOR $10.19 BILLION
Hyundai Motor said its $10.19 billion bid for a plot of land in
Seoul's posh Gangnam district beat out fellow South Korean
conglomerate Samsung Electronics.
RWE SAYS TECHNICAL PROBLEMS DELAY PLANT COMPLETION
German utility RWE will be unable to complete its coal-fired
power plant in Hamm in the German state of North Rhein-Westphalia
as planned, due to technical problems in one of the two plant
units.
AIR FRANCE-KLM PILOT STRIKE CAUSES NET LOSS
A strike by pilots at the French arm of Air France-KLM that
forced the airline to ground 60% of its planes has so far caused a
net loss of between 30 million to 45 million euros, the chief
executive said Thursday.