Chinasoft Failed to Meet Debt Requirement After Hony Capital's Disposal
Chinasoft International Ltd. said it failed to meet a
requirement of its debt covenants after its largest shareholder
sold down its entire stake in the Hong Kong-listed company.
(published 0046 GMT)
Fosun To Buy Insurer Ironshore for $1.84 Billion
An arm of Fosun Group will spend at least $1.84 billion to
acquire the 80% of U.S. insurer Ironshore Inc. it doesn't already
own, as the Chinese conglomerate furthers a bet on the global
insurance industry. (published 2340 GMT Sunday)
Prosperity International Raising up to HK$171.36 Million via Share Placement
Prosperity International Holdings Ltd. has agreed to raise up to
171.36 Hong Kong dollars via a share placement. (published 0053
GMT)
WorleyParsons Cuts Staff, Flags One-Off Charges
WorleyParsons Ltd. said it would incur a one-off charge of 125
million Australian dollars this fiscal year and that it planned to
ax thousands of workers, as demand for its
engineering-and-consulting services shrinks. (published 0047
GMT)
Warren Buffett Gets Heat Over 3G Ties
Warren Buffett has frequently touted Berkshire Hathaway Inc.'s
partnership with private-equity firm 3G Capital. At Berkshire's
annual meeting Saturday, he was forced to defend it. (published
2358 GMT Sunday)
MMA Offshore Warns on Profits as Low Oil Price Bites
MMA Offshore Ltd., which supplies support vessels for oil and
gas producers, issued a profit warning Monday as falling oil prices
continue to inflict pain across the energy industry. (published
0009 GMT)
BHP Models Leaner Look for Mining
Shareholders in the world's biggest mining company, BHP
Billiton, could set a tone for the industry this week when they
vote on whether to support a plan to make the company smaller.
(published 2108 GMT Sunday)
Westpac Half-Year Profit Slips
Westpac Banking Corp. reported a slight dip in first-half
profit, held back by derivative adjustments in its
institutional-banking division and lower Treasury income.
(published 2216 GMT Sunday)
Wesfarmers to Acquire GE's Stake in Credit-Card Venture
Wesfarmers Ltd. said it would acquire General Electric Co.'s 50%
stake in the pair's credit-card joint venture, after GE last month
announced plans to sell its Australian consumer-lending operations.
(published 2244 GMT Sunday)
AbbVie Extends Exchange Offer to Acquire Pharmacyclics
AbbVie Inc. on Friday said it is again extending its exchange
offer to buy cancer biotech Pharmacyclics Inc. in a cash-and-stock
deal valued at $21 billion. (published 2227 GMT Friday)
Charter Expresses Interest in Friendly Deal Talks With Time Warner Cable -- Update
Top executives close to Charter Communications Inc. have begun
reaching out to Time Warner Cable Inc.'s management to discuss a
possible merger of the cable operators. And they have a clear
message: this time, we want to play nice. (published 1847 GMT
Sunday)
Web Executive David Goldberg Dies at Age 47
David Goldberg, the chief executive of online-questionnaire
provider SurveyMonkey and husband of Facebook Inc. Chief Operating
Officer Sheryl Sandberg, died suddenly Friday night. He was 47
years old. (published 2317 GMT Sunday)
Oil-Price Sag Hits Chevron
The slump in crude-oil prices weighed on Chevron Corp.'s
first-quarter earnings, though strength in the company's refining
segment helped put the results above analysts' estimates.
(published 2304 GMT Friday)
Facebook Offering to Let Publishers Keep Rev From Certain Ads -- Update
Facebook Inc. is offering to let publishers keep all the revenue
from certain advertisements, in a bid to persuade them to
distribute content through the social network, according to people
familiar with the matter. (published 2207 GMT Friday)