Acer Inc. said Tuesday it filed the suit against Lanci, its former chief executive and president, in Italy.

The move comes after rival Lenovo Group Ltd. said last month it had hired Lanci to lead its new EMEA division.

Lanci, who left Acer in March last year, was credited by analysts, investors and people within the company for forming strong relationships with distributors in Europe, which Lenovo is keen to use to its advantage. He was replaced by Acer Chairman J.T. Wang, who intends to capitalize on the rise of tablets and multiple PC operating systems.

“Acer has a solid 2012 business plan for the European market and is back on the right track of end-to-end operations,” it said in the statement Tuesday.

Dow Jones Newswires

SOURCE: http://www.marketwatch.com/story/lenovo-lanci-relationship-conforms-with-law-2012-02-07

American, whose parent filed for bankruptcy protection in November, said traffic rose 1.4% in January while capacity slid 2.1% on the year. As fuel prices climb, airlines have been reining in capacity to stay as close to demand levels as possible. Load factor–a measure of plane fullness–rose to 78.5% from 75.8%.

American Airlines said domestic capacity fell 4.4% as domestic traffic slid 1.1%. International traffic grew 5% and capacity improved 1.2%.

On Nov. 29, AMR filed for Chapter 11 protection after a decade of trying to avoid it while competitors slimmed down their cost structures in their own bankruptcy-court restructurings.

SOURCE: http://www.marketwatch.com/story/amrs-american-air-traffic-up-14-in-january-2012-02-06

Lu said the company plans to add 2,000 staff this year to boost its cloud computing, sales and customer service. It has around 25,000 employees currently, he said.

The once-frosty relations between Beijing and Taipei have thawed since China-friendly Kuomintang took over Taiwan’s government in 2008. Among the business ties between the two sides on the telecom front, Chunghwa Telecom agreed to build an undersea cable, connecting Taiwan and China across the Pacific, with China Telecom Corp.

SOURCE: http://www.marketwatch.com/story/chunghwa-telecom-to-expand-workforce-by-8-in-2012-2012-02-04

For the new year, the company forecast earnings of $5.04 to $5.20 a share on revenue growth of 4% to 6%, bracketing the $5.11 and 5% estimates from analysts surveyed by Thomson Reuters.

The company, which provide information technology to the financial and insurance industries, has seen revenue grow in recent quarters on better results in its processing and services arm. But severance and debt-reduction charges have hurt its bottom line lately.

President and Chief Executive Jeffery Yabuki said revenue growth in the latest period was at its highest level in more than three years.

Fiserv reported a profit of $143 million, or $1.01 a share, up from $116 million, or 78 cents a share, a year earlier. Excluding items such as amortization of acquisition-related assets and early debt extinguishment, adjusted earnings from continuing operations rose to $1.26 from $1.06. Revenue climbed 7.7% to $1.16 billion.

Analysts had most recently forecast earnings of $1.27 on revenue of $1.13 billion.

Processing-and-services revenue, which makes up most of the company’s business, rose 5.2%. Product revenue increased 18%.

Shares closed at $63.11 Thursday and were unchanged after hours. The stock is up 11% in the past three months.

SOURCE: http://www.marketwatch.com/story/fiserv-earnings-up-23-on-higher-revenue-2012-02-02

The electronics and domestic appliance giant will revise its forecast to reflect a large one-off booking of goodwill for its acquisition of Sanyo Electric Co. and the effects on its business of the Thai floods and the European debt crisis, the report said. The full-year loss would be Panasonic’s first in two years, although the report added that it would still make an operating profit.

The company’s previous record net loss came in the 2001 business year, when it posted a loss of Y428 billion, the report said.

SOURCE: http://www.marketwatch.com/story/panasonic-reported-forecasting-record-annual-loss-2012-02-02

Net profit in the three months ended Dec. 31 fell to KRW196 billion (US$175.2 million) from KRW502.5 billion a year earlier, SK Telecom said.

The result was worse than the average KRW302.8 billion net profit forecast of five analysts recently polled by Dow Jones Newswires.

Operating profit also declined, falling 35.7% to KRW329.4 billion from KRW512.2 billion while sales fell 2.3% to KRW3.930 trillion from KRW4.023 trillion.

SK Telecom cut mobile phone fees late last year at the government’s behest, as part of a broad national campaign to fight inflation.

SOURCE: http://www.marketwatch.com/story/koreas-sk-telecom-post-61-net-profit-drop-in-q4-2012-02-01

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 UTV Software, which it said would allow it to integrate UTV’s current operations into the company.

Disney Chairman Andy Bird said increasing the company’s reach in international markets was a cornerstone of its growth strategy.

“This acquisition expands our footprint significantly and allows us to more effectively build, monetize and brand multiplatform franchises, and deliver a rich library of content to the world’s second largest population,” he said.

The company said it would produce both UTV and Disney-branded local films.

UTV is also a major television producer in India with six owned channels and also has a mobile-gaming business.

Disney shares closed Tuesday at $38.90 and weren’t active after hours.

SOURCE: http://www.marketwatch.com/story/disney-agrees-to-buy-out-indias-utv-software-2012-01-31

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 and other effects, per-share earnings rose to 14 cents from 11 cents as revenue jumped 29% to $120.9 million.

The company’s upbeat guidance in October had called for a per-share profit of about 12 cents, and $114 million to $116 million in revenue.

Gross margin narrowed to 73.1% from 74.1%.

Billings reached $475.8 million, up 27% from a year ago.

SOURCE: http://www.marketwatch.com/story/fortinet-quarterly-profit-up-22-as-billings-jump-2012-01-31

NEW YORK, Jan 26, 2012 (BUSINESS WIRE) — Ardent Mines Ltd. (OTCQB: ADNT) (the “Company” or “Ardent Mines”), a precious resources exploration, development, and mining company focused on advancing its two gold properties in Brazil, announced that the Board of Directors has appointed Luciano de Freitas Borges as President.

Mr. Borges commented on his appointment, “Ardent Mines has made significant progress this past year, having acquired two premier gold properties in Brazil, Gold Hills and Misty Hills. In addition, we completed the 43-101 exploration report on Gold Hills which confirmed an exploration potential of between 3.6 Mt and 6.0 Mt at an average grade between 4.0 g/t to 7.0 g/t. I am looking forward to advancing our exploration programs to prove up the resource potential and expected solid economics of these projects.”

Mr. Borges has over 28 years experience in Brazil’s mining industry, both in the government and private sector. He served as the National Secretary of Mines and Metallurgy in Brazil’s Ministry of Mines and Energy from 1993-2001, and as Senior Advisor to the Ministry & Strategic Planning Executive Officer to the Brazilian Geological Survey since 2002. From 2007 to 2008, he was Chief Executive Officer of Steel Mineracao do Brasil S.A., and since 2006, he has served as the Senior Partner and Chief Executive Officer of Ad Hoc Associated Advisors Inc., a technical advisory consulting firm for the mining industry. He currently serves as a Director on the Boards of Amerix Precious Metals Corporation and Ouro Roxo Participacoes S.A., each of which are developing gold projects in Brazil. Mr. Borges earned his undergraduate and post-graduation degrees in geology at the University of Brasilia, as well as having an MBA in Mineral Economics and Mineral Projects Valuation from other institutions.

Gold Hills/Serra do Ouro

Based on the results of the 43-101 exploration report and historical drill data from the area, the Company believes Gold Hills could contain a few million ounces of gold of excellent grade that should be extracted at very viable costs as the main vein is located at an average depth of 30 to 50 meters from the surface. Also, the report did not take into account any untested potential for parallel structures which can be interpreted from the airborne geophysics. Further enhancing the economics of the project is the 10-year income tax holiday Ardent expects to receive based on local incentives for investments in this semi-arid area of Brazil.

Misty Hills/Serra do Sereno

On October 18, 2011, Ardent Mines closed on its acquisition of the mineral rights in a highly mineralized area of 9,000 Hectares located in the Carajas Mineral Province, State of Para, with an option exercise payment of $350,000 to the Cooperativa dos Produtores de Minerios de Curionopolis (“COOPEMIC”). The Serra dos Carajas Mineral Province is a distinct geologic dominium, well known worldwide for hosting Brazil’s largest iron, copper and gold deposits. Ardent Mines property, named Serra do Sereno, or Misty Hills, was initially prospected by Anglo American Brasil Ltda. which identified gold and copper trends. Millions of tons of copper and millions of ounces of gold resources have been confirmed in areas which are in the same region as Misty Hills and new significant discoveries are still being made in the area.

ABOUT ARDENT MINES

Ardent Mines has positioned itself to develop low cost gold mining operations in Brazil, a mining friendly jurisdiction. Ardent Mines owns a 100% interest in Gold Hills Mining Ltda., which in turn owns mineral rights on 3,500 Hectares, covering a highly-mineralized vein containing high grades of gold. Ardent Mines also owns the mineral rights on the Serra do Sereno (Misty Hills) property, located in Carajas, Brazil, one of the better known mining districts in the world. Ardent Mines is headquartered in New York, and has a field office in Brasilia. The Company has 16.3 million shares outstanding, and trades under the ticker symbol ADNT.

Forward-Looking Statements

This news release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. These forward-looking statements are based upon currently available competitive, financial, and economic data and management’s views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Our actual results may vary materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. Ardent Mines cannot provide assurances that any prospective matters described in the press release will be successfully completed or that Ardent Mines will realize the anticipated benefits of any transactions. Various risk factors that may affect our business, results of operations and financial condition are detailed from time to time in the Annual Report on Form 10-K and in the Current Reports on Form 8-K and other filings made by Ardent Mines with the U.S. Securities & Exchange Commission. Ardent Mines undertakes no obligation to update information contained in this release.

SOURCE: Ardent Mines Ltd. http://www.ardentmines.com

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 last year restated its accounts for the past five years following revelations of a $1.5 billion loss-hiding scandal.

SOURCE: http://www.marketwatch.com/story/olympus-plans-to-report-april-dec-results-feb-13-2012-01-26