News Highlights: Top Equities Stories of the Day
09 October 2015 - 12:15PM
Dow Jones News
Glencore Cutbacks Shift to Zinc in Metal Rout -- Update
Glencore PLC stepped up production cutbacks, this time slashing
zinc output including the suspension of two mines after a collapse
in prices for the industrial metal. (published 0050 GMT)
Uber's Probe of Data Breach Focuses on Lyft Executive
Investigators looking into last year's data breach and theft of
drivers' records from Uber Technologies Inc. have found indications
implicating an executive at rival ride-hailing app Lyft Inc., said
people familiar with the matter. (published 0054 GMT)
Debt Markets Hold Key to Dell's Bold EMC Bid
Michael Dell is pressing ahead with partner Silver Lake on a $50
billion-plus acquisition of data-storage giant EMC Corp., people
familiar with the matter said, a bold but risky deal that would
require massive debt financing at a time when credit markets have
become less hospitable to mergers. (published 0003 GMT)
Alcoa Profit Falls on Aluminum-Price Slide -- 2nd Update
Alcoa Inc. on Thursday reported a sharp drop in third-quarter
profit on lower aluminum prices and unfavorable currency effects.
(published 2355 GMT Thursday)
Colombian Clan Holds Keys To Deal
At the center of SABMiller PLC's efforts to get a better deal in
Anheuser-Busch InBev NV's takeover bid is a family whose
brinkmanship at the negotiating table helped make them Colombia's
richest. (published 2344 GMT Thursday)
ASM Pacific Technology Expects 3Q Preliminary Revenue Around US$417 Million
ASM Pacific Technology Ltd. said Friday its third-quarter
preliminary revenue is expected to fall by 14% to US$417 million
from the previous quarter due to unfavourable economic conditions.
(published 0055 GMT)
Apple Pay to Hit Starbucks Stores This Year--Update
Apple Inc.'s fledgling mobile-payment service is getting a boost
from Starbucks Corp. (published 2342 GMT Thursday)
Roche Reports Positive Late-Stage Trial Results for MS Drug--2nd Update
Roche Holding AG's Genentech unit said its experimental drug
ocrelizumab proved effective in three late-stage studies against
multiple sclerosis, potentially heralding an important new
treatment option for the debilitating disease. (published 2338 GMT
Thursday)
Bill Gross Sues Pimco for Breach of Contract -- 2nd Update
Bond investor Bill Gross gave his first public account of the
circumstances that drove him out of the firm he co-founded, saying
in a lawsuit his former colleagues aligned against him to advance
their own careers and capture some of his hefty bonus. (published
2323 GMT Thursday)
São Paulo Stops Short of Uber Ban -- Update
Brazil's largest city on Thursday stopped short of a threatened
ban on Uber, leaving the door open for the ride-sharing company to
continue operating though in a manner that would limit its growth.
(published 0032 GMT)
Shenji Group Terminates Major Asset Restructuring
Shenji Group Kunming Machine Tool Co. said Friday that it has
terminated a plan for a major asset restructuring amid volatile
market conditions. (published 0024 GMT)
LoanDepot Files for IPO
LoanDepot LLC, part of a cadre of small lenders that have picked
up a larger chunk of the U.S. mortgage business as big banks
retrenched, has filed for an initial public offering. (published
2355 GMT Thursday)
Macquarie Raises A$400 Mln Via Institutional Placement
Macquarie Group Ltd. has tapped domestic and international
capital markets to raise 400 million Australian dollars to help
fund its planned acquisition of Australia & New Zealand Banking
Group Ltd.'s Esanda vehicle-finance business. (published 2321 GMT
Thursday)
Patriot Coal Wins Court Approval of Plan to Hand Over Mines
Patriot Coal Corp. on Thursday won confirmation of its chapter
11 debt repayment plan, clearing the way for the company to hand
over its mines to new owners in an effort to preserve the business
amid widespread distress in the coal industry. (published 2253 GMT
Thursday)
(END) Dow Jones Newswires
October 08, 2015 21:00 ET (01:00 GMT)
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