Commerzbank Returns to Profit as Revenue Rises

Germany's Commerzbank said it would pay its first dividend in five years and expects net profit to grow slightly this after swinging back into the black in the fourth quarter, helped by higher revenue and falling bad-loan provisions.

 
Rolls-Royce Cuts Dividend as Profit Falls

Rolls-Royce has slashed its full-year dividend 39%, the first cut in its shareholder payment since 1992, though investors embraced the lack of further bad news prompting shares to rise more than 12%.

 
Italian Banks Close In on Merger

Italy's Banco Popolare is closing in on a merger deal Banca Popolare di Milano that would create Italy's third largest banking group by assets.

 
Thyssenkrupp Swings to Net Loss

German industrial conglomerate Thyssenkrupp AG swung to a first-quarter loss, hurt by weakness in the steel and materials businesses as well as high tax expenses.

 
Renault Profit Jumps Despite Russia Loss

French auto maker Renault reported a jump in profit and raised its dividend despite a loss at its Russian unit.

 
Glaxo Fined $53 Million in Generic Drug Delay Ruling

The U.K.'s competition regulator has imposed a fine on the pharmaceutical company GlaxoSmithKline for trying to delay the potential entry of competitors into the U.K. generic-drugs market for antidepressant drug paroxetine.

 
J.P. Morgan CEO Buys 500,000 of Bank's Shares

J.P. Morgan Chase & Co. Chairman and Chief Executive James Dimon bought 500,000 of his bank's shares Thursday, a person familiar with the matter said.

 
SingTel's Third Quarter Net Profit Hurt by Currency

Singapore Telecommunications Ltd. reported a 1.7% year-on-year fall in its net profit in the fiscal third quarter, mainly because the Singapore dollar gained against the currencies of countries where the firm has businesses.

 
Google Bends to European Pressure on Right to be Forgotten Rule

Alphabet Inc.'s Google will expand how it applies Europe's right-to-be-forgotten rule for search engines, bending to demands from privacy regulators.

 
Facebook Moves to Find, Block Terrorist Content

Facebook, under pressure from government officials, is more aggressively policing material it views as supporting terrorism.

 
Lawsuit Says Carlyle Misled Investors About Risky Bet at Hedge Fund

A former portfolio manager at a hedge fund firm owned by Carlyle Group LP has sued the company, saying the fund's partners misled investors about the size of a losing bet tied to shipping rates.

(END) Dow Jones Newswires

February 12, 2016 05:48 ET (10:48 GMT)

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