Allan V Lykins

Dutch electronics major Royal Philips Electronics (PHIA.AE) posted a profit Monday as sales of all units picked up and a swingeing round of cost-cutting late last year started to take effect.

German car parts and tire maker Continental AG (CON.XE) said Monday it will sign a cooperation agreement to jointly develop and deliver battery technology for electric cars with South Korea's SK Innovation Ltd. (096770.SE), underscoring a broad trend in the auto industry to team up and share costs

Malaysia's Public Bank Bhd. (1295.KU) on Monday reported a marginal decline in its second quarter net profit to 952.7 million ringgit (US$301.5 million) from MYR954.9 million a year earlier after it re-stated higher earnings for the year-earlier period due to a change in accounting rules. Revenue

The next installment in the global patent infringement dispute between Samsung Electronics Co. (005930.SE) and Apple Inc. (AAPL) got under way here Monday in a trial that's scheduled to last for three months.

Norwegian telecommunications company Telenor ASA (TEL.OS) said Monday that it's subsidiary in Bangladesh, Grameenphone, has reported 2Q Ebit of NOK606M, from NOK617M.

Sales of new motor vehicles in Malaysia, which is Southeast Asia's second-largest passenger car market after Indonesia, rose 35% on year in June, the Malaysian Automotive Association said Thursday.

India's Tata Consultancy Services Ltd. (532540.BY) and New Jersey-based Cognizant Technology Solutions Corp. (CTSH) are looking to buy Zurich-based consultancy firm Lodestone Management Consultants, the Financial Express website said Monday.

Julius Baer Holding AG (BAER.VX) and Bank of China Limited (BACHY) Monday said they have entered into a strategic collaboration agreement, in which they will cross-refer clients as well as undertake various joint marketing activities.

Investigators found a Batman mask inside suspect James Holmes' apartment after they finished clearing the home of booby traps and ammunition, a law enforcement official close to the investigation said Sunday on condition of anonymity because he was not authorized to speak to the news media.