Premier Oil to Write Down $300M of Assets

U.K. oil explorer Premier Oil expects to take a write-down in the second half of the year on some assets due to lower oil prices.

Samsung To Unveil Rival To Android Smartphone

Samsung Electronics will release a smartphone in India that runs its homegrown Tizen operating system, a major step by the world's largest phone maker in advancing an alternative to Google Inc.'s dominant Android platform.

Sunrise Communications to File for IPO

Sunrise Communications plans to file for an initial public offering of stock as early as Wednesday, in a move that could value the Swiss telecommunications provider at as much as $4.9 billion.

Apple Sues Ericsson Over Patents

Apple sued Ericsson, alleging the patents being asserted by the Swedish networking giant aren't "essential" to high-speed wireless technology the iPhone maker uses in its mobile devices.

Adidas to Expand Endorsements

Adidas plans to sharply ramp up its endorsements of U.S. pro football and baseball players in the next few years, as the German sportswear maker tries to gain traction in the American market.

UBS Delists Shares as New-Look Bank Takes Shape

Zurich-based UBS has applied to delist its shares from the New York Stock Exchange and the SIX Swiss Exchange, a move which is related to the legal restructuring of the banking group and the creation of a new holding company.

Alibaba Buys Controlling Stake in Chinese Firm

Alibaba Group Holding said Wednesday it has bought a controlling stake in a Chinese Internet marketing firm in a move aimed at expanding its advertising business.

KKR Looks to Revive Singapore IPO of MMI

U.S. private-equity firm KKR is seeking to revive an initial public offering for Singapore-based MMI International, a precision engineering company.

Suncor Energy Cuts Capital Spending

Suncor Energy said it would cut its 2015 capital-spending program by $837 million in response to the sharp drop in crude-oil prices, but said it would move forward with major oil-sands and other expansion projects currently under construction.

PanAust Lays Off Workers to Protect Profits

Laos-focused gold-and-copper miner PanAust said it would lay off 182 jobs, in a first move by the company's new managing director to bolster profits after a pullback in gold prices in recent years.