SEOUL (XFN-ASIA) - LG Philips LCD said it posted a fourth consecutive quarterly loss in the three months to March, with product price declines continuing to weigh on its performance.
HONG KONG (XFN-ASIA) - China CITIC Bank Co is seeking to raise up to 30 bln hkd from an initial public offering in Hong Kong involving 4.885 bln H-shares, a market source said.
SAN DIEGO (AP) - A licensing agreement between Nokia Corp. and Qualcomm Inc. expires Tuesday, potentially heralding a new wave of lawsuits between the wireless industry heavyweights.
SAN DIEGO (AP) - A licensing agreement between Nokia Corp. and Qualcomm Inc. expires Tuesday, potentially heralding a new wave of lawsuits between the wireless industry heavyweights.
DES MOINES, Iowa (AP) - Principal Financial Group Inc., an insurance, retirement and financial services company, paid its chief executive, Barry Griswell, compensation the company valued at more than $9 million in 2006, according to a regulatory statement filed Monday.
NEW YORK (AP) - SLM Corp. Chief Executive Officer Thomas J. Fitzpatrick received 2006 compensation the student loan company valued at $19.5 million, mostly from a large stock-option grant, according to an annual proxy statement.
ATLANTA (AP) - A man accused of stealing the identities of homeless people as part of a massive mortgage fraud scheme is expected to change his plea Tuesday, according to court records.
ALBANY, N.Y. (AP) - A student loan company now under investigation paid consulting fees to a student loan officer at Johns Hopkins University, paid for some of her graduate school tuition, and also paid consulting fees to officials at two other colleges, investigators said Monday.
CHARLOTTE, N.C. (AP) - Bank of America Corp. said Monday that Frances Aldrich Sevilla-Sacasa will become president of the company's new private wealth management unit after the bank buys U.S. Trust Corp. later this year.
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