Microsoft Corp.’s Windows Azure software and related programs have surpassed $1 billion in annual sales for the first time, a sign of progress in the effort to challenge Amazon.com Inc. in cloud computing.
Shares in Sinclair Broadcast Group Inc., owner of stations reaching more than a third of U.S. television households, fell in New York trading after announcing a stock offering to raise money, diluting investors’ stakes.
Rentokil Initial Plc rose the most in more than two years after disposing of its unprofitable City Link express delivery business in a transaction that cost the pest-control provider 40 million pounds ($62.1 million).
Suntech Power Holdings Co., forced to put its Chinese solar unit into bankruptcy last month, began that slide into insolvency in 2009 when customers linked to the founder couldn’t pay their bills and the company booked the sales as revenue anyway, regulatory filings show.
Southeast Asia’s companies need to add more independent directors to their boards and boost diversity to attract foreign investors including Aberdeen Asset Management Plc and Manulife Asset Management.