Apple's Tim Cook: Company Paid More Than $6 Billion to US Treasury Last Year
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Goldman Sachs is selling about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China, the world's biggest bank.
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The small drop does not indicate an end to the corporate debt problems that have weighed on UAE banks' earnings over the past several years.
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DUBAI, Dec 25- Iraq's Asiacell, a unit of Qatar Telecom, said it planned to raise at least $1.35 billion by floating 25 percent of its share capital on the Baghdad stock market, in what would be the country's largest initial public offer of equity.
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The quest for yield is sending investors into some unusual places.
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Dec 21- Walgreen Co posted an unexpected decline in quarterly profit on Friday as the largest U.S. drugstore chain worked on winning back former customers and changed how it accounts for its first international acquisition.
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Dec 21- Walgreen Co posted an unexpected decline in quarterly profit on Friday as the largest U.S. drugstore chain works on winning back shoppers after a major contract dispute with Express Scripts Holding Co..
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Dec 21- Walgreen Co posted a lower quarterly profit on Friday as the largest U.S. drugstore chain works on winning back shoppers after losing many of them earlier this year during a major contract dispute with Express Scripts Holding Co..
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Dec 21- Credit Suisse Group AG was the top underwriter for U.S. initial public offerings this year for the first time, bolstered by its role in helping large private equity backed companies go public. Credit Suisse was ranked eighth last year in the U.S.
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*Fourth-quarter EPS $1.07 vs est $1.13. Dec 20- Credit card company Discover Financial Services reported a quarterly profit that fell short of analysts' expectations as it spent more on building its new payment partnerships and other businesses, sending its shares down as much as 6 percent.
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The Intercontinental Exchange plans to buy the NYSE Euronext in a transaction valued at approximately $8.2 billion, the latest in a series of consolidations sweeping the stock exchange space.
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Dec 20- Rite Aid Corp reported its first quarterly profit in more than five years on Thursday, helped by growth in the number of prescriptions filled and higher comparable sales of general merchandise at its stores.
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Dec 20- Rite Aid Corp reported its first quarterly profit in more than five years on Thursday, helped by growth in the number of prescriptions filled and higher comparable sales of general merchandise at its stores.
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DUBAI/ NEW DELHI, Dec 20- India's tiny Islamic finance industry is hoping to expand by developing products that would work around the country's ban on sharia-compliant banking.
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Ireland expects to return fully to bond markets late next year but needs a deal on easing its bank debt to make sure it can successfully exit its international bailout, Prime Minister Enda Kenny said.
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SAO PAULO/ RIO DE JANEIRO, Dec 19- Brazil's Vale SA, the world's second-largest mining company, settled tax disputes in Switzerland and Brazil and will take charges of about $448 million against earnings in the fourth quarter, the company said in statements on Wednesday.
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*Flaherty says GM stake will be sold eventually. BURLINGTON, Ontario, Dec 19- Canada has no immediate plans to sell its stake in General Motors Co, Finance Minister Jim Flaherty said on Wednesday following news the U.S. We are not interested in the long term in being shareholders in private corporations, "Flaherty told reporters in Burlington, Ontario.
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Dec 19- FedEx Corp profit fell 11.9 percent in the second quarter, less than investors had feared, as the No. 2 U.S. package delivery company struggled to improve demand at its air freight business.
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Dec 19- FedEx Corp reported an 11.9 percent drop in quarterly profit, hurt by higher costs and lower shipment volumes in the wake of Superstorm Sandy as well as its customers' shift to lower-cost shipping methods.
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The No. 2 U.S. package-delivery company on Wednesday reported fiscal second-quarter earnings of $438 million, or $1.39 per share, compared with $497 million, or $1.57 per share, a year earlier.
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Dec 19- General Mills Inc reported higher-than-expected quarterly earnings and slightly lifted its outlook on Wednesday, as a newly acquired business boosted sales. Net earnings were $541.6 million, or 82 cents per share, in the second quarter ended Nov. 25, compared with $444.8 million, or 67 cents per share, a year earlier.
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Dec 19- General Mills Inc reported higher quarterly earnings on Wednesday as a newly acquired business boosted sales. Net earnings were $541.6 million, or 82 cents per share, in the second quarter ended Nov. 25, compared with $444.8 million, or 67 cents per share, a year earlier.