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)