Hess Plans Spinoff of Assets

Related Link: 

Hess aid it plans to pursue a spinoff of some midstream assets, mostly in North Dakota, to create a separately traded company to support growth of its production in the Bakken oil shale play.

WellPoint Profit Slips, But Boosts Outlook

Related Link: 

WellPoint said its second-quarter profit slipped as the health insurer recorded higher expenses, masking an increases in both revenue and enrollment.

Benefit Costs Pare Humana's Profit

Related Link: 

Humana's second-quarter profit falls 18%, as expected, as increased benefit costs help to offset a jump in revenue.

Nintendo Swings to Net Loss

Related Link: 

Nintendo said that it swung to a net loss in its fiscal first quarter, blaming a dearth of hit games and weak demand for its flagship Wii U console.

Eni Hit By Nigeria Pipeline Sabotage

Related Link: 

Eni on Wednesday said it had shut off some crude production following sabotage on a Nigerian pipeline.

In Video Age, Film Gets a Reprieve

Related Link: 

Faced with the possible extinction of the material that made Hollywood famous, a coalition of studios is close to a deal to keep Eastman Kodak in the business of producing movie film.

Fiat Profit Falls Sharply

Related Link: 

Fiat said profit fell 55% in the second quarter as weak results in Europe and Latin American wiped out improvements in North America and Asia.

McDonald's Gets Ominous Ruling

Related Link: 

McDonald's could be treated as a joint employer with its franchisees in labor complaints, according to a National Labor Relations Board legal determination that could have far-reaching implications.

ITV Ignores Takeover Talk, Posts Profit Jump

Related Link: 

ITV, the U.K.'s No. 1 over-the-air commercial broadcaster, said it is ignoring talk that it is a takeover candidate as it posted a 46% jump in profit on higher revenue.

EU May Lower Minimum Import Price for Chinese Solar Panels

Related Link: 

European solar-panel producers say the move is unjustified and will "further decimate" manufacturers in the region still reeling from competition from low-cost Chinese equipment.

Syndicate content