Public Storage 2nd-Quarter Profit Flat; Rental Revenue Improves
Public Storage's (PSA) second-quarter profit was roughly flat from a year ago as rental revenue improved, offset by currency exchange impacts.
Ecuador Plans Changes for Mining Sector -Minister Pastor
Ecuador's minister of nonrenewable natural resources, Wilson Pastor, said Thursday two changes to the mining sector will be sent to President Rafael Correa in the coming weeks.
Judge Approves Patriot Coal's $802 Million Bankruptcy Loan
A judge on Thursday gave Patriot Coal Corp. (PCXCQ) final approval to borrow on an $802 million loan from a group of banks, including Citigroup Inc. (C), Barclays PLC (BCS, BARC.LN) and Bank of America Corp. (BAC).
Kraft 2nd-Quarter Profit Up 5.4% as Margins Improve
In its final earnings report before its planned break up, Kraft Foods Inc. (KFT) reported a 5.4% increase in second-quarter earnings on better margins as the company kept costs in check, despite a surprise drop in revenue due to a stronger dollar.
Southwestern Energy Swings to 2nd-Quarter Loss, Names Owen CFO
Southwestern Energy Co. (SWN) swung to a second-quarter loss as impairment charges resulting from lower natural gas prices weighed on the energy producer's bottom-line results, and revenue fell more than analysts expected.
Navistar Withdraws '12 Profit Forecast, Discloses SEC Probe
The truck and engine maker withdrew its full-year profit forecast on Thursday and revealed the SEC is investigating accounting and disclosure matters.
Colombian Stocks Tumble Led by Bancolombia; Peso Weakens
Bancolombia shares fall almost 4% after 2Q earnings decline -Pacific Rubiales shares fall 2.9% amid drop in oil prices -Colombia's peso weakens amid broad gains in dollar BOGOTA--Colombian stocks fell sharply Thursday led by shares of Bancolombia (BCOLOMBIA.BO, CIB) after the nation's top bank
IAG Wants To Complete Christchurch Assessments By Dec. 20 -Report
Insurance Australia Group Ltd. (IAUGY, IAG.AU) wants to have completed all its assessments of insurance claims in New Zealand's second largest city, Christchurch, by Dec. 20, Fairfax-owned news website Stuff reports, citing IAG's Canterbury Recovery executive manager Dean MacGregor.
Brazil Allows Mobile Companies to Resume Selling Services
Brazilian telecommunications regulator Anatel on Thursday lifted the ban on mobile-phone sales by three operators that was introduced July 23.