News Highlights: Top Equities Stories of the Day
31 May 2016 - 11:15AM
Dow Jones News
China's HNA Group to Buy Stake in Virgin Australia -- Update
Chinese conglomerate HNA Group plans to buy a 13% stake in
Virgin Australia Holdings Ltd. for 159 million Australian dollars
as part of a strategic alliance that will have the companies start
direct flights between China and Australia. (published 0016
GMT)
Viacom Board Prepares for Fight With Redstones
Viacom Inc.'s board of directors won't exit without a fight.
(published 0027 GMT)
Sun East Technology (Holdings) Appoints Xia Yuan CEO
Sun East Technology Ltd. said after trading hours Monday that
Leung Cheong has resigned as chief executive officer and that Xia
Yuan has been appointed CEO in his place. (published 0024 GMT)
Digital Domain Holdings to Raise HK$350 Million in Share Issuance
Digital Domain Holdings Ltd. will raise up to 350 million Hong
Kong dollars in a share issuance in order to strengthen its
financial base, the company said after trading hours Monday.
(published 2356 GMT Monday)
Asia Coal Expects Loss for Year Ended March to Deepen
The slowing Chinese economy and "significantly" lower revenue
will deal a blow to Asia Coal Ltd. 's full-year results, the
company said after trading hours Monday. (published 2349 GMT
Monday)
Fidelity Marked Up Private Tech Shares in April
The Nasdaq was down slightly in April, but private tech shares
outperformed, at least according to Fidelity Investments.
(published 2126 GMT Monday)
Trial Set to Open in Legal Battle Between H-P and Oracle
Jurors are set to convene on Tuesday to hear opening arguments
in a five-year legal battle that centers on Oracle Corp.'s alleged
role in the decline of one of the former Hewlett-Packard Co.'s most
lucrative products. The lawsuit seeks $3 billion in damages from
the database kingpin. (published 2022 GMT Monday)
(END) Dow Jones Newswires
May 30, 2016 21:00 ET (01:00 GMT)
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