Companies

BP books loss on lower oil price, spill charge

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BP reports a sharp decline in profit on lower oil prices and cost of Gulf of Mexico spill.

Volkswagen beats Toyota in global sales

by AP
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Volkswagen beats Toyota in global car sales for the first time.

Picking the next disruption

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The VC industry calls them unicorns but for incumbent businesses they are far from magical.

DataRoom AM: China's towering ambition

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China Investment Corporation has won the race for Investa Property Group’s office tower assets, while strong demand for NSW's TransGrid could push a final sale price north of $9bn.

China's CIC buys Investa property for $2.5bn

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Chinese sovereign wealth fund CIC has paid almost $2.5bn for a portfolio of office tower assets being sold by Investa.

EU refers France to court over airline aid

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The EU refers France to EC for failing to recover almost €10 million in illegal aid from two low-cost airlines.

Teva to buy Allergan Generics for $US40.5bn

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Israeli generic drug maker Teva buys Allergan's generics unit to $US40.5bn, in latest drug industry consolidation.

Fiat Chrysler to pay record fine

by AFP
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Fiat Chrysler to pay a record $US90mln fine for lapses in its vehicle recalls.

UBS posts 53 % rise in 2Q profit

by AFP
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Swiss bank UBS has posted second quarter profits of 1.2bn Swiss francs ($A1.72 billion), up 53% from the same period a year earlier.

Former Xero exec joins Velpic board

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Cloud-based e-learning firm boosts its ranks as it prepares to list on the ASX.

The Coalition's latest assault on telcos

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The Coalition government’s proposed national security amendment to the Telecommunications Act is an ill-conceived exercise that once again threatens to impose onerous conditions on the telecommunications industry.

DataRoom AM: Hung up on TPG-iiNet

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ACCC approval is still absent as iiNet shareholders meet to consider TPG's offer, while AusNet and Singapore Power are reportedly considering a joint run at NSW's electricity transmission network.

Rinehart lieutenant sees iron ore back above $US80

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Hancock executive director flags slight delay to Roy Hill production timeline: report.

Amazon shares soar to record high

by AFP
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Stock in online retailer surges after strong earnings report seen as a potential watershed.

Amazon now worth more than Wal-Mart

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Amazon slips past brick-and-mortar giant Wal-Mart in market cap, based on premarket trades.

Vodafone boosts sales, sees recovery

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Vodafone, the world's second-largest mobile operator by subscribers, posts boost in quarterly sales growth.

American Airlines beats profit forecast

by AP
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World's largest airline beats analysts' profit expectation but revenue fell below.

EU approves Nokia acquisition

by AP
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EU approves Nokia's purchase of ailing French telco Alcatel-Lucent.

Ladbrokes and rival betting firm merge

by PAA
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Ladbrokes and Gala Coral agree to merge creating a £2.3 bn gambling giant.

Lonmin to cut 6000 South African jobs

by AFP
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Platinum producer Lonmin set to cut 6,000 jobs in South Africa due to falling prices.

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