The European arm of Lehman Brothers is planning a November payout to unsecured creditors, its first since the US investment bank's collapse four years ago, after attempts to return cash were slowed by legal disputes and snowballing claims. Reuters
China Shipping Container Lines (CSCL) and Cosco Container Lines will co-invest in vessels and operate together for the first time mainland routes from this month. CSCL's stock jumped 7.1 per cent to HK$1.81, while China Cosco Holdings, parent of Cosco Container Lines, rose 8 per cent to HK$3.66 on the news. Eric Ng
US banking giant JP Morgan Chase's third-quarter earnings surged 34 per cent on a turnaround in the bank's own investment activities. Net income for the period to September 30 was US$5.71 billion, from US$4.26 billion a year ago. AFP
