China Asks Edible-Oil Makers to Avoid Raising Prices
The Chinese government has advised edible-oil producers in China to avoid raising prices "unless absolutely necessary," stopping short of a repeat of last year's outright price cap on such products, major producer Wilmar International Ltd. (WLMIY) said Friday.
ACCC Delays Call On Seven Group Proposal For Consolidated Media
Australia's competition regulator has sought more information from Seven Group Holdings Ltd. (SVW.AU) on its proposal to acquire all the shares it doesn't already own in Consolidated Media Holdings Ltd. (CMJ.AU), the company News Corp. (NWS.AU) is seeking to take over for 1.97 billion Australian
Kia 2Q Net Down 2.8%; On Track to Achieve 2012 Sales Target
Kia Motors Corp. (000270.SE) said Friday its second-quarter net profit fell 2.8% from a year earlier as higher corporate taxes and lower shareholding gains cut into its bottom line, but the company said it is on track to achieve this year's annual sales target despite the global economic slowdown.
AIA 1st-Half New Business Value Up 28% on Strong Growth in Hong Kong, Thailand
Asian insurance heavyweight AIA Group Ltd. (1299.HK) on Friday beat estimates to report a 28% rise in new business value in the six months ended May 31, thanks to strong growth in major markets like Hong Kong and Thailand, as well as continued expansion in margins.
WSJ UPDATE: Samsung Electronics Posts Best-Ever Quarterly Net Profit in 2Q
Samsung Electronics Co. (SSNHY, 005930.SE) said Friday its second-quarter profit jumped 48% to another company record as it increased smartphone sales and experienced cyclical recoveries in its chip and display component businesses.
Gallardo gives up 7 runs in 5 innings, Brewers lose 8-2 to Nationals
On a day the Brewers acknowledged they were working to trade ace Zack Greinke, the team's other top-line pitcher, Yovani Gallardo, put the team in a hole early.
Russell knocks off top seed at Farmers Classic
Michael Russell upset top-seeded Benoit Paire in the second round of the Farmers Classic on Thursday.Russell, who resides in Houston, Texas, took down the Frenchman, 7-5, 6-4, by converting six of his seven break-point chances
Neil Reed, IU player Knight choked, suffers fatal heart attack
Neil Reed, the Indiana basketball player caught on tape being choked by head coach Bobby Knight in 1997, died on Thursday of a massive heart attack
Saints give punter Morstead six-year extension
The New Orleans Saints have extended the contract of punter Thomas Morstead for six years, making it an overall seven- year deal."Y'all are stuck with me for the next 7 years, I am humbled, honored and blessed to be here..
Arrest made in murder of Arizona community college football coach
Police have arrested a man for the murder of an Arizona community college football coach.