News Highlights: Top Equities Stories of the Day
11 February 2016 - 12:15PM
Dow Jones News
Expedia Swings to Loss While Bookings Rise--Update
Expedia Inc. reported a fourth-quarter loss hurt by efforts to
keep its hotel partners happy, adding to its challenges after
closing three big acquisitions last year. (published 0017 GMT)
Energy Investment Firm EIG Extends Offer to Pacific Exploration Debtholders
Energy investment firm EIG on Wednesday extended its tender
offer to debtholders of troubled Canadian-Colombian oil firm
Pacific Exploration & Production to March 24 and reduced its
price to 16 cents on the dollar. (published 0040 GMT)
Cisco Results Top Expectations; Raises Dividend, Buyback -- Update
Cisco Systems Inc. posted a 31% jump in quarterly net profit on
Wednesday, but showed signs that weakening economic conditions have
taken a toll on the businesses that the networking equipment giant
serves. (published 0017 GMT)
China Jinmao Holdings Group: Controlling Shareholder Cai Xiyou Under Investigation
Real-estate developer China Jinmao Holdings Group Ltd. said in
an exchange statement Wednesday that its ultimate controlling
shareholder, Cai Xiyou, is being held by authorities, under
investigation for "suspected serious disciplinary violations."
(published 0006 GMT)
Canada Banking Regulator Seizes Assets of Domestic Maple Bank Branch -- 2nd Update
Canada's top banking regulator has temporarily taken control of
the assets of Maple Bank GmbH's Canadian branch, invoking rarely
used powers just days after Germany's financial watchdog
effectively closed the Frankfurt-based lender. (published 2358 GMT
Wednesday)
Canada Regulator Reaches No-Contest Settlement With CI Financial Unit -- Update
Canadian fund manager CI Investments Inc. agreed Wednesday to
return 156.1 million Canadian dollars to investors as part of a
no-contest settlement with Canada's largest securities regulator.
(published 2358 GMT Wednesday)
Failed Latin America Power Deal Spawns More Woes for SunEdison -- Update
Shareholders of a company that owns renewable energy projects in
Chile and Peru have asked a New York court to lock up $150 million
of SunEdison's assets, to protect what they expect to win in a
fight over a failed deal with the troubled solar company.
(published 2336 GMT Wednesday)
Sun Life Financial Tops Analysts' Estimates
Sun Life Financial Inc., Canada's third-largest insurance
company by assets, posted a fourth-quarter profit Wednesday that
beat analysts' expectations despite challenges posed by low
interest rates, tumbling commodity prices and stock-market
turbulence. (published 2327 GMT Wednesday)
KKR Learns Harsh Lesson From Energy Bets -- Update
Oil and debt don't mix. KKR & Co. learned that lesson the
hard way after falling commodity prices doomed two of its biggest
investments: the multibillion-dollar buyouts of power producer TXU
Corp. and oil explorer Samson Resources Corp. (published 2309 GMT
Wednesday)
Andreessen Horowitz Sells Some Lyft Shares to Prince Al-Waleed -- Update
Two of the most prominent investors in ride-hailing service Lyft
Inc. quietly sold $148 million in shares of the company in recent
weeks, according to people familiar with the matter. (published
2304 GMT Wednesday)
O'Reilly Automotive Posts Stronger-Than-Expected Quarterly Results
O'Reilly Automotive Inc. on Wednesday posted
better-than-expected fourth-quarter results, boosted in part by
growth at its established stores. (published 2304 GMT
Wednesday)
Yuexiu Property Expects 2015 Net Profit to Decline 50%-60% on Year
Yuexiu Property Co. Ltd. said after trading hours Friday that it
expects net profit to drop 50%-60% in 2015 compared with 2014 due
in part to a lower gross profit margin. (published 0046 GMT)
Hortonworks Burns Through Cash but Beats Analyst Expectations
The market is growing for software that helps companies crunch
immense amounts of data, but the path to profit is murky.
(published 0044 GMT)
(END) Dow Jones Newswires
February 10, 2016 20:00 ET (01:00 GMT)
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