WAL-MART RATCHETS UP PRESSURE ON SUPPLIERS TO CUT PRICES 

Wal-Mart Stores Inc. is increasing the pressure on suppliers to cut the cost of their products, in an effort to regain the mantle of low-price leader and turn around its sluggish U.S. sales. (published 2340 GMT Tuesday)

 
 
WENDY'S TO SUPPORT PROXY-ACCESS PROPOSAL ON BOARD ELECTIONS 

Wendy's Co. has agreed to support a proxy-access amendment that would allow big shareholders to nominate candidates to the fast-food chain's board, following similar moves by major companies such as Citigroup Inc. and General Electric Co. in recent months. (published 2141 GMT Tuesday)

 
 
LEND LEASE JV BIDS $1.22B FOR SINGAPORE DEVELOPMENT SITE 

Lend Lease Corp. said Wednesday a joint venture in which it holds a 30% stake bid 1.67 billion Singapore dollars for a mixed development site in the city state. (published 2209 GMT Tuesday)

 
 
ORIENT OVERSEAS ORDERS 6 CONTAINER SHIPS FROM SAMSUNG HEAVY FOR US$951.6 MLN 

Orient Overseas Ltd. said Wednesday it has ordered six mega container ships from South Korean shipbuilder Samsung Heavy Industries Co. for US$951.6 million. (published 0038 GMT)

 
 
HONG KONG TELEVISION NETWORK SAYS IT ISN'T BUYING ASIA TELEVISION 

Media and internet-service provider Hong Kong Television Network Ltd. said Wednesday it hasn't reached any agreement over a possible acquisition of cash-strapped Hong Kong television broadcaster Asia Television Ltd. (published 0026 GMT)

 
 
BGC PARTNERS SEES REVENUE FOR DISTRIBUTABLE EARNINGS TOWARD LOW END OF GUIDANCE -- UPDATE 

BGC Partners Inc. expects first-quarter revenue for distributable earnings toward the low end of guidance and projects pretax distributable earnings around the midpoint of its guidance. (published 2250 GMT Tuesday)

 
 
DELTA, AEROMEXICO FILE FOR ANTITRUST IMMUNITY 

Delta Air Lines Inc. and Grupo Aeromexico filed for antitrust immunity Tuesday, in an effort to compete on routes between the U.S. and Mexico via a new joint venture. (published 2321 GMT Tuesday)

 
 
GODADDY RAISES $460 MILLION IN IPO 

GoDaddy Inc., a technology provider to small businesses, priced its initial public offering at $20 a share Tuesday, according to a person familiar with the offering. (published 2329 GMT Tuesday)

 
 
A SWEET NEW JOB FOR COMCAST CFO MICHAEL ANGELAKIS 

Comcast Corp. is creating a $4.1 billion investment company in partnership with its chief financial officer, Michael J. Angelakis, to hunt for growth at home and abroad as the U.S. cable market matures. (published 2339 GMT Tuesday)