LONDON -(Dow Jones)- U.K. Prime Minister David Cameron Thursday hinted he would be prepared to devolve more powers to Scotland's semi-autonomous government in Edinburgh, in a keynote speech in which he argued in favor of maintaining Scotland's union with the rest of the U.K.
LONDON -(Dow Jones)- The fallout from alleged insider trading at U.S. Greenlight Capital Inc. continued Thursday when the Financial Services Authority said it had fined former Merrill Lynch executive Andrew Osborne GBP350,000 for disclosing inside information ahead of a significant equity fund-raising by pub operator Punch Taverns PLC (PUB.LN) in June 2009.
PARIS -(Dow Jones)- Electricite de France SA (EDF.FR) expects its net recurring profit for 2012 to be between EUR3.7 billion and EUR3.9 billion, Chief Financial Officer Thomas Piquemal told Dow Jones Newswires Thursday.
LONDON -(Dow Jones)- Takeover target Cable & Wireless Worldwide PLC (CW.LN) said Thursday that it will focus on cash generation as the telecommunication company's new chief executive continues his review of the business.
BANGALORE -(Dow Jones)- GlaxoSmithKline Pharmaceuticals Ltd. (500660.BY) Thursday said its bottom line swelled 18% in the October-December quarter as sales at its specialty products and vaccines business surged and a revival in the anti-infective and mass markets business helped.
LONDON -(Dow Jones)- BAE Systems (BA.LN) said Thursday that the successful conclusion of negotiations about a key Saudi Arabian fighter-jet contract would underpin modest earnings growth this year, excluding the impact of a tax credit which contributed to an 18% rise in 2011 net profit, but sales growth would be flat.
STOCKHOLM -(Dow Jones)- The Riksbank cut its key interest rate Thursday as it sought to shield the Swedish economy from the damaging effects of the expected downturn in Europe, a key market for the export-dependent Nordic state.
ZURICH -(Dow Jones)- Heavy floods in Thailand hit Zurich Financial Service's (ZURN.VX) earnings in the fourth quarter, but the insurer kept its dividend and said it plans to expand its presence in high-growth markets, while opting for selective growth in mature markets.
LONDON -(Dow Jones)- Finance officials from the euro zone are considering a delay to all or part of a second bailout package being prepared for Greece, while avoiding a default on its government debt, Reuters reported Wednesday, citing a number of European Union sources. (photo: EC)
NEW YORK -(Dow Jones)- Kellogg Co. (K) agreed to buy Procter & Gamble Co.'s (PG) Pringles business for $2.695 billion in cash, stepping in for Diamond Foods Inc. (DMND), the troubled former suitor of the canned-chips operation.
Von Knut Engelmann, Chefredakteur, The Wall Street Journal Deutschland
