AirAsia Bhd. may need to buckle up for turbulent weather: The bid by Asia's largest budget airline to buy Indonesia's Batavia Air has caught the attention of politicians and bureaucrats, who want a closer look before allowing another high-profile buyout by a foreign firm. While analysts and

Chilean beverage company and Coca-Cola bottler Embotelladora Andina SA's (AKOA, AKOB, ANDINA-B.SN) second-quarter net profit fell 23% year-on-year to 11.36 billion Chilean pesos ($23.6 million) on higher sales costs, the company said late Tuesday.

Australia's Molopo Energy Ltd. (MPO.AU) said Wednesday it sold its coal-seam-gas assets in Queensland state to PetroChina Co. (PTR) for A$41 million.

LIMA, Peru--Peruvian mining company Compania de Minas Buenaventura SAA (BVN, BUENAVC1.VL) said Tuesday second-quarter net income totaled $152.6 million, or 60 cents a share, down from $197.6 million, or 90 cents a share, in the same quarter a year earlier.

Allstate Corp. (ALL), the largest publicly traded home-and-auto insurer in the U.S., swung to a second-quarter profit as the company raised rates and natural disasters proved far less costly.

Total SA (TOT) challenged the Iraqi authorities Tuesday as it announced the acquisition of a 35% interest in two oil-exploration blocks in Kurdistan, a semi-autonomous region in northern Iraq, just days after the central government in Baghdad blacklisted Chevron Corp. (CVX) from contracts in the

Shares of the social networking site slid 6.2% as investors continue to worry about decelerating user growth, lackluster earnings and its ability to sustain its rich valuation.

Chilean beverage company and Coca-Cola bottler Embotelladora Andina SA's (AKOB, ANDINA-B.SN) second-quarter net profit fell 23% year-on-year to 11.36 billion Chilean pesos ($23.6 million) on higher sales costs, the company said late Tuesday.

Archer Daniels Midland Co. (ADM) expects a new port terminal it has agreed to purchase in Brazil's northern Para state to streamline exports of grains from the country's central breadbasket, a company executive said Tuesday.

Colombian stocks fell Tuesday as heavily traded oil shares declined in line with a 2% drop in global prices for a barrel of oil.