Xstrata CEO Eyes Net Real Cost Savings of $390 Million In 2012
Anglo-Swiss miner Xstrata PLC (XTA.LN) expects to deliver net real cost savings of around $390 million in 2012 as a mix of higher output levels, lower input costs and greater efficiencies help offset higher costs from lower ore grades and a transition period from old to new mines, the company's
E.ON First-Half Adjusted Net Profit Soars On Gas-Contract Gain
German utility E.ON AG (EOAN.XE) Tuesday pre-released earnings for the first half of 2012, showing the expected large increase in adjusted net profit after the company secured improved natural-gas-contract terms with Russia's OAO Gazprom (GAZP.RS) and saw the end of one-off negative effects from
HTC Lost More Than $1 Billion in Market Value This Week
More than $1 billion was wiped out of HTC Corp.'s (2498.TW) market capitalization Monday and Tuesday combined, after the Taiwanese smartphone maker warned of weaker third-quarter earnings and reported a 45% plunge in July revenue, highlighting the intense competition in the fast-growing smartphone
Danske Bank to Keep Closing Branches Quickly - Source
Denmark's biggest bank Danske Bank A/S (DANSKE.KO) will keep closing branch offices at a rapid pace in order to save costs and because its customers are increasingly doing business online, a person close to the process said Tuesday.
PLDT, Globe Suffer Profit Drop in 2Q due to Competition
The Philippines' top two telecom operators--Philippine Long Distance Telephone Co. (TEL.PH) and Globe Telecom Inc. (GLO.PH)--Tuesday reported a decline in their quarterly profits, as they were hit by the costs of modernising their networks and catering to bargain-hunting customers amid fierce
EDF Holds 98% of Italy's Edison after Tender Offer
French state-controlled utility Electricite de France SA (EDF.FR) Tuesday said it has secured a stake of 98.104% in Italy's Edison SpA (EDN.MI) after launching a mandatory tender offer prior to delisting the shares.