Anglo American Output Rises

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Globally diversified miner Anglo American reported higher output in the first quarter, boosted by iron ore and copper production, but warned its platinum unit continues to suffer amid protracted industrial action in South Africa

Generics Dent AstraZeneca Profit

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AstraZeneca posted a 67% fall in first-quarter profit, below analysts' expectations, as sales of its best-selling drugs continued to be dented by generic competition.

Pernod Looks to U.S. for Growth

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France's Pernod Ricard is looking to bolster its presence in the U.S. with further acquisitions to make up for faltering growth in some emerging markets, Chief Executive Pierre Pringuet said.

Swedbank Robur Accepts Volkswagen's Scania Bid

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The acceptance by the Scania shareholder makes it likely Volkswagen's bid for total control of the Swedish truck maker will succeed by Friday's deadline

Heineken Hit by Currency Losses

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Dutch beer maker Heineken reported a 37% drop in first-quarter net profit as revenue fell on divestments and currency losses.

Unilever First-Quarter Sales Fall

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Unilever reported a fall in first-quarter sales as currency weakness across emerging markets continued to weigh on its performance.

Novartis Profit Rises

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Novartis said first-quarter net profit rose about 23% from a year earlier, though it missed analyst expectations.

Alstom Denies GE Takeover Bid

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Alstom said it wasn't aware of any potential takeover bid for the company from General Electric.

Strong Won Weighs on Hyundai

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Hyundai Motor's first-quarter net profit fell as a stronger South Korean currency hurt its competitiveness in overseas markets.

FCC Rules Would Allow Preferred Web Traffic

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Regulators are proposing new rules on Internet traffic that would allow broadband providers to charge companies a premium for access to their fastest lanes.

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