Ryanair Profit Jumps
Ryanair's net income rose 66% in the financial year ended March
and it expects the figure to rise further this year.
Samsung Heir Apparent Consolidates Power
Samsung Group moved closer to new leadership, with a merger of
two major firms creating a company with revenues of $31
billion.
Julius Baer May Get Lighter U.S. Penalty
Julius Baer may face a lightened penalty from U.S. authorities
for its alleged role in helping Americans evade taxes because the
Swiss bank earlier tried to volunteer related information,
according to people familiar with the matter.
UBS Withdraws From Australian Wealth-Management Business
UBS said it plans to withdraw from its Australian
wealth-management business, leaving senior employees to strike out
on their own following a management buyout.
L'Oréal to Lure China Shoppers With Price Cuts
L'Oréal will lower prices of products imported into China,
following up on Beijing's cut of import duties while aiming to
deter a flourishing gray market.
AGL Energy Looks to Get Out of the Wind, Into the Sun
Rethinking strategies as electricity demand falls, Australia's
AGL is selling its stake in the country's biggest wind farm and
looking to get deeper into rooftop solar.
Charter Nears $55 Billion Deal for Time Warner Cable
Charter Communications is close to a deal for Time Warner Cable
that would give cable-mogul John Malone the prize he has been
chasing.
China Nuclear Firm Plans Biggest Domestic IPO in 5 Years
China National Nuclear Power Corp., one of the top two state
nuclear-power giants, will raise as much as $2.16 billion in what
is set to be the country's largest domestic initial public offering
in five years.
Auditor Knew of Wal-Mart Mexico Bribery Allegations, Group Claims
A small shareholder group, CtW, says Wal-Mart's longtime
auditor, Ernst & Young, knew about possible bribery in Mexico
long before the company disclosed it to U.S. authorities.
Boeing Helps Export-Import Bank Fight for Survival
Critics have referred to the U.S. Export-Import Bank as
'Boeing's Bank' because the government agency provides billions in
financial backing to the aerospace company. The latest skirmish
over the bank's future illustrates that co-dependence.
Mexico City Cabbies Protest Against Uber
Hundreds of taxi drivers protested in Mexico City to demand that
authorities crack down on the popular ride-hailing service Uber,
which responded by offering free trips throughout the day.