Dorothy D Paquin

Woori Finance Holdings (053000.se) Friday flagged a worsening earnings outlook, saying it will cut costs by shelving any large-scale investments and secure liquidity in advance as the global economy continues to falter.

CIMB Bank has priced a $350 million five-year dollar bond at 99.393 to yield 190 basis points over comparable Treasurys, according to a term sheet seen by Dow Jones Newswires Friday.

The Japanese government on Friday endorsed a plan for Tokyo Electric Power Co. to raise electricity tariffs by an average 8.47%, instead of the 10.28% hike proposed by the utility, to limit the burden on consumers, Kyodo News reported.

A federal appeals court Thursday refused to lift a preliminary injunction that banned sales of Samsung Electronics Co.'s (SSNHY, 005930.SE) Galaxy Tab 10.1 touchscreen tablet computer at the request of Apple Inc. (AAPL).

The Securities and Exchange Commission has charged the chairman and chief executive of STEC Inc. (STEC), a Santa Ana, Calif.-based computer-storage company, with insider trading in a secondary offering of his company's shares.

Heineken NV (HEIA.AE) Friday made an offer to buy Singapore beverage maker Fraser And Neave Ltd.'s (F99.SG) entire stake in Asia Pacific Breweries for 5.1 billion Singapore dollars (US$4.06 billion), in a move that could trigger a takeover battle between the Dutch beer maker and suitors linked with

Japanese stocks ticked lower in early Friday trading after ending higher the previous session, as banks and steel makers helped lead the retreat.

Australian shares edged lower on Friday, retreating after recording their best one-day performance since early January in the previous session.

Two labor unions representing about 45,000 workers from Verizon Communications Inc. (VZ) have requested federal mediation in their ongoing negotiations with the telecom company.

Spanish oil company Repsol YPF SA (REPYY, REP.MC) said Thursday it is studying the possible sale of its liquefied natural gas assets in an effort to improve its financial position and its liquidity.