Brazil Usiminas Swings to 2Q Net Loss of BRL87 Million
Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA (USIM5.BR, USZNY), or Usiminas, reported a second quarter net loss of 87 million Brazilian reais ($42.87 million), reversing its gain of BRL157 million in the year-earlier period, the company said Monday.
Movistar, Entel, Claro Awarded Chile's 4G Spectrum
Mobile-telecommunications companies Empresa Nacional de Telecomunicaciones SA (ENTEL.SN), Movistar--the local unit of Spain's Telefonica Moviles SA (TELMOVC1.VL)--and Claro, owned by Mexico's America Movil SAB (AMX, AMX.MX, AMOV), were awarded Chile's fourth-generation wireless spectrum, the
Humana Reports Weaker Profit, Cuts Guidance
Humana Inc. (HUM) reported weaker second-quarter earnings while cutting its full-year forecast late Monday because of high costs for both new and existing customers on Medicare plans.
Ross Levinsohn Departs Yahoo
Two weeks after the company announced he lost out on the top job to Google executive Marissa Mayer, Ross Levinsohn will be leaving the Web portal.
Eastman Chemical Earnings Fall 17%
Eastman Chemical Co. reported late Monday a second-quarter profit from continuing operations of $1.26 a share, down from $1.51 a share a year ago.
Anadarko Swings to Loss on Big Write-Down
Anadarko Petroleum Corp. (APC) swung to a loss in the second quarter as the oil-exploration company was hurt by a $978 million write-down related mostly to coalbed-methane properties at a time of low natural-gas prices.