SEOUL -(MarketWatch)- SK Telecom Co. , South Korea’s largest mobile carrier by subscribers, said Thursday its fourth-quarter net profit fell 61% from a year earlier, as higher spending on next-generation network technology and falling phone fees dragged on the bottom line. Net profit in the three months ended Dec. 31 fell to KRW196 billion (US$175.2 million) from KRW502.5 billion a year earlier,... 

SYDNEY -(MarketWatch)- Newmont Mining Corp. NEM -0.03% is in final talks with two overseas parties on the sale of Australian assets containing more than 1.2 billion metric tons of thermal coal, a person familiar with the matter said Thursday. Newmont hopes to conclude the sale of the undeveloped Felton East/West and Lochbar/Bringalily South tenements in Queensland state’s Clarence-Moreton Basin... 

Walt Disney Co. DIS -0.21% said it would buy a controlling interest in Indian entertainment company UTV Software Communications Ltd. , which it said would make Disney the country’s leading film studio. Last month, India’s cabinet approved the proposal by Disney–which currently owns 50.28% of UTV Software–to buy out other shareholders. Walt Disney reiterated Tuesday it will delist... 

Fortinet Inc.’s FTNT +8.72% fourth-quarter earnings climbed 2.2% as the network-security company again reported double-digit billings growth. Shares jumped 8.7% after hours Tuesday to $24.79 on the stronger-than-expected results. The company posted a profit of $16.5 million, or 10 cents a share, up from $16.1 million, also 10 cents a share, a year earlier. Excluding stock-based compensation costs... 

TOKYO (MarketWatch) — Scandal-hit Olympus Corp. said Friday it will release its earnings results for the April to December period on Feb. 13, a day before a legal deadline for listed firms to submit their accounts. President Shuichi Takayama will hold a news conference the same day to explain the results, a company spokeswoman said. The Japanese maker of cameras and medical imaging equipment... 

TransDigm Group Inc. TDG -0.14% agreed to buy seatbelt-maker AmSafe Global Holdings Inc. for about $750 million in cash, continuing the aerospace supplier’s recent streak of acquisitions. The deal comes at a time of steady revenue growth for TransDigm, which makes ignition systems, cockpit-security devices and other aircraft components, as commercial airlines continue to ramp up spending. Among... 

SEOUL -(MarketWatch)- Samsung Electronics Co. said Wednesday that it has never reviewed plans to take over Research In Motion Ltd. RIMM -5.55% , whose shares closed up 8% in the U.S. following a blog report that the BlackBerry maker is considering selling all or part of it to the Korean electronics giant. “Samsung has never reviewed and never will consider plans to take over RIM,” said... 

Kemet Corp. KEM -0.14% said it expects third-quarter revenue to miss its earlier projection, citing weakening demand in its European and Asian markets and continued distribution inventory rebalancing. Shares slipped 4.6% to $7.05 as the company also said gross margin in the latest period will be lower-than-expected. Kemet said it now expects revenue of $217 million to $219 million, down from its prior... 

Shutterfly Inc. SFLY -6.48% said its financial chief was departing to “pursue a personal passion” with a medical technology company, saying its chief executive and top accounting executive would split his duties until it names a successor. Shares were down 3.8% at $23.15 in after-hours trading. Through the close, the stock has fallen 33% in the last year, worse than the market at large. Shutterfly... 

Chevron Corp. CVX -2.15% said its expects its fourth-quarter profit to slide against the previous quarter, when higher margins and the sale of a major refinery bouyed results. In its interim update, Chevron said U.S. production in the first two months of the quarter reached about 660,000 barrels of oil equivalent a day, down 5.4% from a year ago and 0.3% below the third quarter. International output...