BHP Languishes As Commodity Prices Fall
Solid yearly production figures weren't enough to halt a further sell-down Wednesday in BHP Billiton Ltd. (BHP) shares to their lowest point in more than three years, as investors continue to worry about falling commodity prices.
Santos 2Q Revenue Up On New Projects, Higher Gas Prices
Australian oil producer Santos Ltd. (STO.AU) said Thursday second-quarter revenue rose 18% on year after it switched on new projects in Western Australia state and Indonesia and received higher prices for its natural gas.
Australia Stocks Surge; Energy Among Top Gainers
Australian stocks rallied in early Thursday action, carrying on gains from Wall Street and reacting to some positive news in the energy sector, with the benchmark S&P/ASX 200 up 1.2% at 4,173.70.
Quiznos Names Stuart Mathis CEO, President
Sandwich chain Quiznos Corp. named Stuart K. Mathis as its new president and chief executive, succeeding Greg MacDonald, who is stepping down immediately. Mr. Mathis's appointment is effective July 30. Mr. Mathis most recently served as president of United Parcel Service Inc.'s (UPS) UPS store
Singapore Bourse Raises Listing Standards
Singapore Exchange Ltd. (S68.SG) said Thursday it is raising admission standards for listing on its main board, to help improve the city-state's primary stock market and draw larger initial public offerings here.