Japan Plans To Let Banks Own Bigger Company Stakes
Japan's Financial Services Agency plans to ease rules restricting banks' shareholding in non-financial companies to 5%, the Nikkei newspaper reported Thursday, without citing a source for the information.
First Solar to Boost Production as Profit, Sales Climb
First Solar Inc. (FSLR) said it will boost production to meet rising demand, despite a glut in the global solar-panel market, and the company's second-quarter profit jumped 82%, triggering a stock rally.
Green Mountain 3rd-Quarter Profit Rises; Better Predicts Sales
Green Mountain Coffee Roasters Inc. (GMCR), which saw its third-quarter profit rise 30%, expects to make less money this year than it presumed, but said it has found a way to better predict consumer demand for its Keurig single-serve coffee brewers and packs--a skill it's lacked in recent quarters.
US Drought Threatens QBE Profit -Analysts
QBE Insurance Group's (QBE.AU) hopes of a disaster-free year are withering as analysts now expect its exposure to the U.S. crop-insurance market to hurt its 2012 earnings.
Crown, Lend Lease Plan To Build Luxury Hotel In Sydney
Crown Ltd. (CWN.AU) said Thursday it has signed an agreement to deal exclusively with Lend Lease Corp. (LLC.AU) to build a new luxury hotel resort in Sydney.
Jury Awards $1 Billion to Monsanto in Patent Suit Against DuPont
A federal jury Wednesday awarded $1 billion to Monsanto Co. (MON) in a patent-infringement lawsuit against rival DuPont Co. (DD) over Monsanto's Roundup Ready seed technology.
Oversea-Chinese Banking Corp 2nd-Quarter Net up 12% on Year; Beats View
Oversea-Chinese Banking Corp. (O39.SG) Thursday said second-quarter net profit rose 12%, beating market expectations as the group continued to report strong loan growth in the face of persistent pressure on net interest margins.
Canada's Energy Regulator to Audit Enbridge Safety Practices
CALGARY, Alberta--Enbridge Inc.'s (ENB) safety and management practices will be audited by Canada's federal energy regulator in the wake of a critical report on Enbridge's 2010 spill in Michigan by U.S. regulators.
Crown, Lend Lease in Exclusive Sydney Hotel Deal
Crown Ltd. (CWN.AU) said Thursday it signed an agreement to deal exclusively with Lend Lease Corp. (LLC.AU) to build a new luxury hotel resort in Sydney.