Barclays Posts Full-Year Loss
Barclays said fines and legal costs pushed it to a $267.4
million net loss for the year, as it set aside money for an
investigation into foreign-exchange markets.
Orange Says Currently No Plans for Telecom Italia
Orange Chief Executive Stephane Richard sought to play down
speculation that his company would bid for Telecom Italia, saying
that while he still believes such a deal to be attractive, he
currently has no plans to pursue it.
Merck Profit Slips Despite Revenue Gains
German pharmaceutical company Merck said that fourth-quarter net
profit fell slightly but revenue surged on growth in all its
divisions and its acquisition of AZ Electronics.
Glencore Returns to Profit
The mining giant returned to profitability last year despite a
sharp downturn in the commodities it mines and trades.
Luxottica Reports Profit, Looks for Areas of Growth
Italian eyewear company Luxottica said its future growth will be
fueled by a stronger retail network and by increasing sales of
luxury goods in Asia and North America.
Springleaf Nears $4.25 Billion Deal For Citigroup's OneMain
Subprime lender Springleaf Holdings is said to be nearing a deal
to buy Citigroup Inc.'s OneMain Financial for about $4.25 billion.
The deal is expected to be announced as soon as Tuesday.
SOCAM Development to Sell Stake in Cement Joint Venture
SOCAM Development Ltd. agreed to sell its entire stake in a
cement making joint venture to its French partner for $329
million.
France Sells Safran Stake
The French government said it had completed the sale of a 3.96%
stake in aerospace supplier Safran, raising $1.12 billion in the
process.