SIMON PROPERTY GROUP MAKES TAKEOVER APPROACHES TO MACERICH -- UPDATE
Simon Property Group Inc. has made takeover approaches for rival
Macerich Co., seeking to combine two of the largest shopping-mall
owners in the U.S. (published 0025 GMT)
MCDONALD'S TO CURB USE OF ANTIBIOTICS IN CHICKEN --2ND UPDATE
McDonald's Corp. plans to curtail antibiotics use in its U.S.
chicken, a move that could help kick-start a broader food-industry
response to growing public-health alarm around drug-resistant
bacteria. (published 0033 GMT)
FORMER XSTRATA CHIEF RAISES $5.6 BILLION FOR MINING DEALS
Mining veteran Mick Davis looks poised to pull the trigger on
some big deals at a time of inexpensive mineral prices and willing
sellers. (published 0001 GMT)
HKBN RAISES $750 MILLION IN HONG KONG'S BIGGEST IPO THIS YEAR
Broadband-services provider HKBN Ltd. raised US$750 million
after pricing its Hong Kong initial public offering at the top end
of the price range, people familiar with the situation said
Thursday, making it the largest IPO in the city this year.
(published 0050 GMT)
GOOGLE, WAL-MART PART WAYS OVER ADS
The relationship between Google Inc., the world's largest
Internet search provider, and Wal-Mart Stores Inc., the biggest
retailer, has frayed over the data used to lure shoppers into
stores. (published 0043 GMT)
CARLYLE WILL SELL 20 MILLION COMMSCOPE SHARES
Telecommunications products company CommScope Holding Co. said
Wednesday that Carlyle Group LP will sell 20 million CommScope
shares, nearly nine months after another stock sale by the
private-equity firm. (published 2347 GMT Wednesday)
CHINA RONGSHENG WON'T PROCEED WITH WARRANT ISSUE
Chinese shipbuilder China Rongsheng Heavy Industries said it
wouldn't go ahead with a planned warrant issue following the
reported arrest of a key investor. (published 0015 GMT)
SKYOCEAN INTERNATIONAL TO SWING TO 2014 NET LOSS OF AROUND HK$137 MILLION
Skyocean International Holdings Ltd. is expected to swing to a
net loss of around 137 million Hong Kong dollars in 2014, partly
because of increased operating costs for its property development
division. (published 2352 GMT Wednesday)
AUSTRALIAN REGULATOR TARGETS ALLEGED MISLEADING NUROFEN CLAIMS
Australia's antitrust regulator has launched federal court
action against the local arm of Reckitt Benckiser Group PLC,
alleging the drug company made false or misleading claims about a
range of its Nurofen painkillers. (published 2339 GMT
Wednesday)
RADIOSHACK'S BANKRUPTCY COULD TAKE A TOLL ON JUNIOR CREDITORS
RadioShack Corp.'s creditors ironed out the final details of a
$285 million bankruptcy loan at a court hearing Wednesday amid
indications that suppliers, landlords and other unsecured creditors
will sustain significant losses in the retailer's chapter 11
proceeding. (published 2258 GMT Wednesday)
FDA APPROVES BRISTOL-MYERS SQUIBB'S OPDIVO FOR LUNG CANCER -- UPDATE
U.S. regulators have approved Bristol-Myers Squibb Co.'s
advanced lung cancer drug Opdivo, in the latest of a string of
events that has the world of oncology riveted on efforts to enlist
the body's immune system to battle the disease. (published 2257 GMT
Wednesday)
FORTESCUE PLANS MULTIBILLION-DOLLAR DEBT REFINANCING
Fortescue Metals Group Ltd. on Thursday outlined a
multibillion-dollar debt refinancing, as the world's No. 4 iron-ore
exporter looks to bolster its balance sheet amid a sharp downturn
in commodity prices. (published 2226 GMT Wednesday)