ABN Amro Profit Rises, Buoyed by Sale of Asia Stake
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ABN Amro Holding NV, the largest Dutch bank, said profit rose 26 percent in the third quarter, buoyed by a gain from selling its stake in Bank of Asia Pcl.
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Asian shares rose on Thursday, led by  exporters such as Honda and Samsung and resource stocks, after  upbeat U.S. growth data eased worries about the health of the  economy in Asia's biggest export market.
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Dutch financial services group ING  said on Wednesday it took an impairment charge of 194 million euros ($285.6 million) in the fourth quarter, but gains from an ABN stake sale helped offset the loss, pushing quarterly net profit up 7.6 percent.
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Diversified manufacturer Tyco  International Ltd  reported higher quarterly profit on  Tuesday on demand from energy and industrial markets and an  improving performance at its ADT security division.
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Profits got a boost despite sluggish sales from the challenging environment.
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SYDNEY (Dow Jones)--Insurance Australia Group Ltd. (IAG.AU) said Thursday net profit rose to A$665 million for the year ended June 30, compared with A$153 million a year earlier.
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The Royal Bank of Scotland (RBS) -- which is fronting a European consortium&#39;s takeover bid for Dutch giant ABN Amro -- said on Tuesday that first-half earnings would beat market expectations.
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Asian stocks rose after oil prices fell from a record on Friday, easing concern higher energy costs will damp consumer spending and corporate profits.
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Anheuser-Busch Cos Inc  said on Wednesday quarterly profit rose as the nation's largest brewer sold more beer at higher prices.
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Quarterly profit soared thanks to new products, increased marketing and improvement in international business, the company said.
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Profit rose 34 percent, bolstered by AOL asset sales in Europe, a rise in digital cable and phone customers, and online advertising sales.
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Asian stocks rose after comments by Vice Premier Huang Ju increased optimism that China won&#39;t adopt new measures to slow economic growth.
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Asian shares rose on Thursday, led by exporters such as Honda and Samsung and resource stocks, after upbeat U.S. growth data eased worries about the health of the economy in Asia's biggest export market.
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ABN Amro does not need shareholder approval to sell its U S arm, a Dutch government lawyer said yesterday in an advisory opinion that increases the chances that ABN will ultimately be bought by Barclays.
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Nasdaq Stock Market Inc , the second-largest U.S. equities exchange, said on Wednesday that quarterly profit rose 12-fold, helped by a gain from the sale of its stake in the London Stock Exchange .
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Albertsons Inc. ABS.N, the No. 2  U.S. grocer, on Thursday posted a 21 percent rise in quarterly  profit due to gains from two recent acquisitions and improved  sales from Southern California where it suffered a strike last  year.
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European shares opened firmer on  Thursday led by ABN AMRO as investors applauded the savings the  Dutch broker will make from cutting jobs.