YAHOO TO SPIN OFF REMAINING ALIBABA STAKE -- 4TH UPDATE
Yahoo Inc. unveiled a plan to spin off tax-free its nearly $40
billion of holdings in Alibaba Group Holding Ltd., a move that
should give Chief Executive Marissa Mayer more time with
shareholders despite continued declines in the Internet portal's
core advertising business. (published 0432 GMT)
APPLE SELLS 46% MORE AND HIGHER PRICE IPHONES -- 4TH UPDATE
Apple Inc. surpassed even the most bullish Wall Street
expectations for its holiday quarter with an improbable trifecta:
selling more iPhones at higher prices--and earning more on each
sale. (published 0024 GMT)
CHINA'S SAIC CRITICIZES ALIBABA FOR CONTROLS ON MERCHANTS' GOODS
A Chinese government agency on Wednesday criticized Alibaba
Group Holding Ltd. for offering fake goods on its online
marketplaces and for lax internal controls. (published 0552
GMT)
NINTENDO EXPECTED TO POST Y36B NET PROFIT IN OCT-DEC ON STRONG GAME SALES, WEAK YEN
Japanese video game maker Nintendo Co. is scheduled to announce
its fiscal third-quarter earnings after the market closes
Wednesday. While the company is widely expected to post a small
profit thanks to strong sales of new game titles during a typically
strong selling season and the weak yen against the dollar and euro,
it's unclear whether the company can continue its growth momentum
in the coming quarters, given the lack of clear sales drivers.
(published 0237 GMT)
SONY TO CUT ANOTHER 1,000 JOBS AT STRUGGLING SMARTPHONE UNIT
Sony Corp. will cut another 1,000 jobs at its struggling
smartphone business as part of its efforts to get the unit back
into the black in the business year starting April 2016, people
with knowledge of the move said Wednesday. (published 0244 GMT)
AUDI, VOLKSWAGEN AND PORSCHE RECALL MORE THAN 93,500 VEHICLES -- UPDATE
Audi, Volkswagen and Porsche are recalling more than 93,500 cars
and SUVs world-wide to fix fuel-leak problems. (published 0150
GMT)
AMGEN PROFIT RISES 27% ON HIGHER SALES OF KEY DRUGS -- UPDATE
Amgen Inc. said fourth-quarter earnings rose about 27%, as sales
growth was driven by such key drugs as cancer therapy Kyprolis and
osteoporosis treatment Prolia. The company also said it is
preparing for the approval of new drugs, including a treatment for
high cholesterol. (published 0010 GMT)
AMERICAN EXPRESS TO START DOING BUSINESS IN CUBA
American Express Co. says it plans to start doing business in
Cuba after the Obama administration lifted a ban on U.S. banks and
credit card companies operating on the island. (published 0052
GMT)
GUANGDONG YUEYUN TRANSPORTATION: TO BUY 51% OF SHANWEI CITY SHANYUN VEHICLES TRANSPORTATION
Guangdong Yueyun Transportation Co. Ltd. said Wednesday that it
will buy a 51% stake in Shanwei City Shanyun Vehicles
Transportation Co. Ltd. from Shanwei City SASAC for 66.8 million
yuan . (published 0431 GMT)
MAPLETREE GREATER 4Q AVAILABLE DISTRIBUTABLE INCOME UP 11% ON YEAR
Mapletree Greater China Commercial Trust reported a 11% increase
in available distributable income in the fourth quarter ended
December on the back of resilient rental income. (published 0310
GMT)
YINSON HOLDINGS GETS $2.54 BLN OFFSHORE-PRODUCTION VESSEL CONTRACT
Yinson Holdings Bhd said Wednesday it has secured a charter
contract worth $2.54 billion for a floating production storage and
off-loading vessel from Italy's ENI S.p.A. . (published 0241
GMT)
CHINA SANJIANG FINE CHEMICALS EXPECTS OVER-70% FALL IN 2014 NET PROFIT
China Sanjiang Fine Chemicals Co., a manufacturer and supplier
of industrial chemicals in China, said Tuesday it expects 2014 net
profit to decline over 70% from a year earlier, as selling prices
of its dominant product fell. (published 0202 GMT)
NORTH ASIA RESOURCES: EXPECT 'SIGNIFICANT LOSS' FOR 2014
North Asia Resources Holdings Ltd., a Hong Kong-listed mineral
exploration and development company, said late Tuesday it expects a
"significant loss" for 2014, weighed by impairment charges and
higher finance costs. (published 0140 GMT)
TABCORP SCORES NEW SOUTH WALES THOROUGHBRED MEDIA RIGHTS
Australian betting company Tabcorp Holdings Ltd. Wednesday said
it has secured the media rights for all thoroughbred horse-racing
in New South Wales state and continues to negotiate broadcast
arrangements for neighboring Victoria. (published 0257 GMT)