Sunrise investor Freenet to skip rights issue to fund Liberty Global deal
Sunrise Communication’s quarter-owner Freenet said on Thursday it will not take part in a $4.1 billion rights issue to fund the Swiss telecommunications group’s takeover of Liberty Global’s UPC Switzerland business.
SAP says CEO McDermott bags 9.8 million euros in 2018
SAP Chief Executive Bill McDermott received total benefits of 9.8 million euros ($11.2 million) in 2018, according to the software maker’s compensation report released on Thursday.
First Facebook investigation to be completed by summer: regulator
Facebook’s lead regulator in the European Union expects to conclude the first of seven investigations into the company’s use of personal data this summer and the remainder by the end of the year, Ireland’s Data Protection Commissioner said on Thursday….
Rolls-Royce quits race to power Boeing’s planned mid-market plane
Rolls-Royce dropped out of the race to power Boeing’s planned mid-market aircraft on Thursday, saying it did not want to risk more disruption for its airline customers by rushing out a product without extensive testing.
Air Canada raises long-term profit margin goals
Air Canada increased its long-term targets for profit margins and free cash flow on Thursday, as the country’s largest airline benefits from cost-cutting efforts and an expansion into new destinations.
JD.com beats forecasts with 22 percent revenue rise
JD.com Inc, China’s second largest e-commerce firm, reported a 22.4 rise in fourth-quarter revenue on Thursday, beating analyst estimates on the back of stronger online retail sales and sending its U.S.-listed shares up 8 percent.
Russian court denies detained U.S. investor Calvey bail
A Russian court on Thursday ruled that prominent U.S. investor Michael Calvey should remain in custody pending trial, rejecting his appeal to be released on bail or moved to house arrest.
Air Canada targets EBITDA margins of 19-22 percent
Air Canada on Thursday forecast margins on core earnings (EBITDA) of 19 percent to 22 percent for the next three years and for the same period said it expects cumulative free cash flow of C$4 billion ($3.04 billion) to C$4.5 billion.
Hyundai Motor CEO says China capacity cuts being considered: sources
Hyundai Motor Co, which is reeling from tumbling sales in China, is considering cutting capacity at its factories in its biggest market, Chief Executive Lee Won-hee said, according to two people with direct knowledge of the matter.
Darkening economic outlook threatens to cap oil price in 2019: Reuters poll
Oil analysts have grown more pessimistic over the prospects for a significant price rally this year, as booming U.S. shale output and a deteriorating global economic backdrop threaten to offset the boost from OPEC’s crude supply cuts.
