Deutsche Telekom 1Q Net Profit Surges on Gain From JV Stake Sale -- Update 

Germany's Deutsche Telekom AG on Wednesday reported an almost fourfold rise in net profit for the first quarter, driven by a one-time gain from selling a U.K. telecommunications joint venture, and said it was on track for full-year targets. (published 0538 GMT)

 
 
Proximus Profit Pressured by Foreign Business 

Belgian telecommunications company Proximus posted a 13% drop in first-quarter net profit as total income declined, especially in its operations outside Belgium. (published 0540 GMT)

 
 
AB InBev Net Profit Dips on Currency Factors 

Anheuser-Busch InBev NV on Wednesday said unfavorable currency effects damaged net profit in the first quarter of the year. (published 0534 GMT)

 
 
Air France-KLM Loss Narrows 

Franco-Dutch airline group Air France-KLM said Wednesday that lower fuel costs helped earnings in the first quarter but it remained in the red. (published 0526 GMT)

 
 
Aeropostale Files for or Bankruptcy Protection 

Aeropostale Inc. filed for bankruptcy protection in a U.S. court in New York, with an initial plan to close 154 stores in the U.S. and Canada. (published 0508 GMT)

 
 
Siemens Profit Beats Forecasts 

German engineering giant Siemens AG reported a 63% drop in net profit for the second quarter of its fiscal year 2016, after the year-earlier figures were buoyed by one-off gains from asset sales. (published 0500 GMT)

 
 
Société Générale's Retail Bank Offsets Choppy Markets 

French bank Société Générale SA on Wednesday reported an increase in first-quarter net profit, as a debt valuation adjustment and a strong retail banking performance helped offset lower trading revenue from choppy markets. (published 0446 GMT)

 
 
Syngenta Names Univar's Erik Fyrwald as New CEO 

Swiss seed and pesticide company Syngenta AG said Wednesday that it has appointed Erik Fyrwald as chief executive, effective June 1. (published 0532 GMT)

 
 
Metro Pacific 1Q Net Profit PHP2.63 Bln, Up 7.8% On Year 

Metro Pacific Investments Inc. said Tuesday net profit in the first quarter rose 7.8% on year to 2.63 billion pesos on the back of strong growth from its tollroad operations, a higher share from the earnings of power distributor Manila Electric Co. and steady performance of its hospital business. (published 0531 GMT)

 
 
Microsoft Aims to Wrangle Data for Office Teams With SharePoint Revamp 

REDMOND, Wash. -- Startups such as Slack Technologies Inc. and Box Inc. get much of the buzz in the business of simplifying workplace collaboration. (published 0401 GMT)

 
 
Giordano International 1Q Gross Profit Down 6% at HK$754 Million 

Giordano International Ltd.'s first-quarter gross profit fell 6% from a year earlier as weak consumer sentiment took a toll on its profitability. (published 0415 GMT)

 
 
Ayala Land 1Q Net Profit PHP4.7 Bln; Up 14% on Year 

Philippine property developer Ayala Land Inc. said Wednesday net profit in the first quarter rose 14% on year to 4.7 billion pesos on steady demand for its various real estate projects. (published 0457 GMT)

 
 
Dexus Mulls Expansion into Healthcare Real Estate 

Dexus Property Group, Australia's biggest office landlord, isn't averse to expanding its horizons into emerging property sectors, such as healthcare, after a takeover bid for rival Investa Office Fund was voted down by investors last month. (published 0353 GMT)

(END) Dow Jones Newswires

May 04, 2016 02:00 ET (06:00 GMT)