Brazil’s OGX ends talks with holders of $3.6 billion of bonds
RIO DE JANEIRO/SAO PAULO (Reuters) – Brazil’s OGX Petróleo e Gas Participações SA ended talks with holders of $3.6 billion of its bonds due in 2018 and 2022 after months of talks, the cash-strapped oil company controlled by Brazilian tycoon Eike Batista said on Tuesday.
UBS defers key return target on extra capital demands
ZURICH (Reuters) – Swiss bank UBS said on Tuesday it would defer a key earnings target by at least a year because of temporary demands to hold extra capital, dampening better-than-expected third quarter results that saw the bank swing to profit.
Morgan Stanley to seek Fed approval for more share buyback: WSJ
(Reuters) – Morgan Stanley plans to seek the U.S. Federal Reserve approval to widen the $500 million share buyback program cleared earlier this year, the Wall Street Journal reported, citing people familiar with the matter.
StanChart says Korea woes, currency weaknesses to temper profit growth
HONG KONG (Reuters) – Asia-focused Standard Chartered Plc said its operating profit grew at a low single-digit rate so far this year, with the third quarter hammered by the poor performance of its South Korea business and falling emerging-market curren…
Exclusive: Intellectual Ventures faces novel attack on patent business
SAN FRANCISCO/ WILMINGTON, Delaware (Reuters) – Seven years ago, Intellectual Ventures bought a patent on technology that helps detect malicious software embedded in digital content. The price? $750,000.
Asia’s export engine stuck in neutral despite U.S. uptick
HONG KONG (Reuters) – Asia’s once-reliable export engine remains stalled two years into a global economic recovery, raising concerns about the region’s competitiveness and its ability to motor through the next tough time for emerging markets.
Microsoft shareholders advised to vote against director Thompson
SEATTLE (Reuters) – Proxy advisory firm Glass Lewis has recommended that Microsoft Corp shareholders vote against the re-election of lead independent director John Thompson, who is in charge of the company’s efforts to find a new chief executive.
Apple’s results disappoint ahead of holiday quarter
(Reuters) – Apple Inc’s profit and margins slid despite selling 33.8 million iPhones in its September quarter, and greater China revenue climbed just 6 percent even though two smartphone models hit store shelves in its second-largest market last month….
Investment banking slowdown to hit European lenders
LONDON (Reuters) – Grim investment bank revenues, a mixed economic backdrop and increasing regulatory and legal concerns are set to weigh on results from three of Europe’s biggest banks on Tuesday.
Apple’s results disappoint ahead of holiday quarter
(Reuters) – Apple Inc’s profit and margins slid despite selling 33.8 million iPhones in its September quarter, prompting a brief but sharp selloff as disappointed investors cashed in some of the stock’s recent strong gains.
