Finisar Corp.’s FNSR -10.79% fiscal third-quarter earnings fell 53% as lower demand pushed down the telecommunications equipment provider’s sales, prompting a cautious current-quarter outlook. Shares fell 9.2% to $18.42 after-hours Wednesday as the company forecast adjusted fiscal fourth-quarter earnings between 18 cents and 22 cents a share on revenue of $235 million to $250 million. Analysts’... 

TOKYO (MarketWatch) — Toshiba Corp. said Wednesday it will sell its hard disk drive manufacturing subsidiary in Thailand, Toshiba Storage Device (Thailand) Co., to Western Digital Corp. WDC +1.55% . The Japanese electronics maker also said it will acquire some HDD manufacturing equipment from Western Digital in a move aimed at enabling the firm to supply all segments of the HDD market. No price... 

–Procter & Gamble CEO unveils $10 billion in cost cuts over next four years –Plan includes eliminating 4,100 jobs in fiscal 2013 –P&G sees savings in overhead, cost of goods and marketing (Adds analyst comment about the cost cuts in penultimate paragraph and updates shares.) BOCA RATON, Fla. -(MarketWatch)- Procter & Gamble Co. PG +0.20% shares rallied as the company unveiled... 

SHANGHAI -(MarketWatch)- Bank of China Ltd. , one of China’s four largest state-run banks, will open a second head office in Shanghai next month, the China Business News reported Wednesday, citing an unnamed source. The Shanghai head office will oversee the bank’s trading businesses, including for interbank lending, bonds, gold and other precious metals, as well as its cross-border trade... 

SYDNEY (MarketWatch) — Transurban Group on Tuesday reported a 25% rise in first-half profit driven by increased toll revenue and lower costs, while maintaining its full year distribution guidance. The Australian toll road company’s net profit for the six months to Dec. 31 rose to A$93.2 million from A$74.7 million a year earlier. Proportional earnings before interest, tax, depreciation... 

AMR Corp.’s AAMRQ -1.01% American Airlines saw a modest improvement in traffic last month as the carrier reported increases in international traffic and overall capacity. 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... 

TAIPEI -(MarketWatch)- Chunghwa Telecom Co. , Taiwan’s largest telecommunications operator by subscribers, plans to expand its workforce by around 8% this year to tap into new business opportunities brought on by the closer economic ties between Taiwan and China, the company’s Chief Executive Shyue-ching Lu said Saturday. Lu said the company plans to add 2,000 staff this year to boost its... 

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... 

Mr. Borges will Drive Efforts to Advance Brazilian Properties Exploration Programs 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...