News Highlights: Top Equities Stories of the Day
09 October 2015 - 5:15PM
Dow Jones News
Glencore Cutbacks Shift to Zinc in Metal Rout -- 2nd Update
Commodities trader Glencore PLC, which has faced intense
pressure from investors over its debt pile, said it would cut
global zinc production by a third after a collapse in prices of the
industrial metal. (published 0154 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)
Gap Reports Downbeat Profit Guidance, Drop in September Sales--Update
Gap Inc. said total sales in September fell 1%, hurt by the
stronger dollar and weakness at Banana Republic, and gave downbeat
guidance on the company's expected profitability in the current
quarter. (published 0131 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)
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)
Melcolot Buys 99% Stake in Melco Property Development for $64.9 million
Melcolot Ltd. said Friday it will pay 502.9 million Hong Kong
dollars to buy Melco Property Development from Melco International
Development Ltd. . (published 0445 GMT)
(END) Dow Jones Newswires
October 09, 2015 02:00 ET (06:00 GMT)
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