Report: Libor Arrests on the Horizon
U.S. prosecutors and European regulators are reportedly gearing up to arrest individual traders on charges that they colluded to manipulate global benchmark interest rates.
Halliburton 2nd Quarter Net Edges Down on Higher Costs, Pricing Pressure
Halliburton Co.'s (HAL) second-quarter earnings slipped 0.3% as rising costs and pricing pressures masked the oil-field-services provider's revenue growth.
Cnooc To Acquire Canada's Nexen for $15.1 Billion
China's Cnooc Ltd. (0883.HK) said Monday it has reached an agreement to acquire oil and gas producer Nexen Inc. (NXY) for $15.1 billion, in what will be China's biggest overseas energy acquisition to-date.
Samsung Galaxy SIII Shipments Hit 10 Million in 2 Months
Samsung appears to have made good on its June promise that sales of its Galaxy S III smartphone would hit 10 million by the end of July.
Genesee & Wyoming to Buy RailAmerica for $1.39 Billion
Genesee & Wyoming Inc. (GWR) has agreed to buy RailAmerica Inc. (RA) for $1.39 billion in cash, a move that combines the two largest short-line and regional railroad operators in North America.
Indonesia Asks Freeport to Sell Majority Stake in Local Unit via IPO
The Indonesian government has asked Freeport McMoran Copper & Gold Inc. (FCX) to reduce its stake in its Indonesian unit to 49% by selling shares in an initial public offering in Indonesia, and to pay higher royalties on its massive Grasberg gold and copper mine, in a renegotiation of its operating
Total Access Communication 2Q Net Profit Down 6.9% at THB2.82 Billion
Total Access Communication, Thailand's second largest mobile phone operator by subscribers, Monday reported a 6.9% decline in its second-quarter net profit mainly due to higher costs.
Hasbro's 2Q Results: Postgame Scorecard
Hasbro's (NASDAQ:HAS) profit dropped in the second quarter. Earnings and Revenue The company managed to beat EPS estimates, though the company's revenues failed to top expectations. The company reported EPS of 33 cents a share versus the 24 cents a share estimate and revenues of $811.5 million
Correction to Eaton Earnings Story
"Eaton 2nd Quarter Net Up 14% on Acquisitions; Revenue Eases," at 6:54 a.m. EDT, misstated the company's full-year guidance.