Aug 7 Reuters Walt Disney said on Wednesday it may have to pay up to 5 billion more to buy Comcast39;s minority stake in Hulu, if an appraiser were to agree with Comcast39;s assessment that the stake should be valued at more than 40 billion. Earlier this year, Disney and Comcast hired investment bank RBC Capital as […]

Aug 7 Reuters Swiss pharmaceutical company Roche is considering divesting cancer data specialist Flatiron Health, the Financial Times reported on Wednesday, citing people familiar with the matter. Roche had paid 1.9 billion for NewYork based Flatiron Health in 2018 to speed its development of cancer medicines and support its efforts to price them based on how well they […]

SAO PAULO, Reuters Brazil39;s Itau Unibanco, Latin America39;s largest private lender, on Tuesday posted secondquarter profit that was up 15.2 from a year earlier, boosted by higher revenues and lower cost of credit. Itau posted a 10.07 billion real net recurring profit 1.8 billion for the quarter ended in June, slightly more than the 9.99 billion […]

Q2 net profit rises to S2.80 bln vs S2.71 bln estimate Net interest margin 2.14 at Q2 vs 2.16 a year earlier Declared dividend of 54 cents vs 48 cents same quarter a year ago ROE drops to 18.2 in Q2 versus 19.2 a year earlier Wealth management AUM increases 24 to record S396bn SINGAPORE, […]

Aug 7 Reuters Cathay Pacific will buy 30 Airbus A330900 widebody aircraft, with options to buy another 30, the Hong Kongbased airline said on Wednesday. Delivery is expected by the end of 2031, the airline said. The planes will replace existing aircraft and will fly regionally within Asia, with the option to be used on longerhaul […]

FRANKFURT, Aug 7 Reuters Germany39;s Commerzbank said on Wednesday that net profit fell 4.8 in the second quarter, in line with expectations and as net interest income dipped. The bank also said it had asked regulators to approve a share buyback, while it confirmed its fullyear targets. Net profit of 538 million euros 587 million in […]

FRANKFURTDUESSELDORF, Aug 7 Reuters Siemens Energy on Wednesday raised its free cash flow outlook for the second time in three months, citing stronger demand for its power grid technology and gas turbines that also helped it beat thirdquarter revenue estimates. The company, which provides equipment and services to the utility sector, is recovering from a crisis at its […]