News Highlights: Top Equities Stories of the Day
09 February 2016 - 12:15PM
Dow Jones News
Chesapeake Says It Doesn't Plan to Pursue Bankruptcy -- 3rd Update
Three big U.S. energy companies pulled each other into a
spiraling stock plunge on Monday that illustrates how one
distressed shale producer can threaten its business partners.
(published 0044 GMT)
Richter's Fourth-Quarter Net Profit Beats Expectations
Hungarian pharmaceuticals maker Richter Gedeon Nyrt. posted a
higher-than-expected net profit for the fourth quarter as it more
than offset plummeting sales in its key Russian market and China
mostly with cuts in research-and-development spending and a
narrowing loss in financial operations. (published 0043 GMT)
Morgan Stanley Hit Hardest in Bank Selloff
Morgan Stanley got hit hard Monday. (published 0035 GMT)
Newcrest Says Worker Trapped Underground At Indonesia Gold Mine
Newcrest Mining Ltd. said a worker is believed to be trapped
roughly 300 meters underground at an Indonesian gold mine after
what it described as a "geotechnical event." (published 0025
GMT)
Fox Revenue Falls as Film Declines Offset Higher TV Ad Revenue
21st Century Fox Inc. lowered its fiscal year earnings guidance
on Monday, citing a disappointing film slate and a
greater-than-expected hit from foreign currency fluctuations.
(published 0015 GMT)
Ferrovial Reconsiders Broadspectrum Bid
Spanish infrastructure group Ferrovial S.A. is reconsidering its
bid for Broadspectrum Ltd. after the Australian company lost
preferred tenderer status for a big government contract. (published
2352 GMT Monday)
Plains All American Profit Falls 37%
Plains All American Pipeline LP said its profit fell 37% in the
fourth quarter as the master-limited partnership was hurt by
factors including unseasonably warm weather in some areas of the
U.S. and Canada. (published 2339 GMT Monday)
Embraer Set to Win Deal For up to 60 Jets for Alaska Air --Sources
Alaska Air Group Inc. has selected Embraer SA to provide as many
as 60 regional jets to serve the airline's ambition of serving
smaller markets farther from its Pacific Northwest base, according
to two people familiar with the planned deal. (published 2335 GMT
Monday)
Gap Offers Upbeat Guidance For Full Year -- Update
Gap Inc. gave rosy guidance for the fiscal year ended Jan. 30
even though sales declined overall in the fourth quarter and
comparable-store sales at the retailer's three major brands dropped
in January. (published 2304 GMT Monday)
Molina Healthcare Profit Falls 12% on Higher Costs
Molina Healthcare Inc. said its fourth-quarter earnings fell 12%
in the latest quarter on higher expenses that masked growth in the
Medicare and Medicaid managed care provider's revenue and
membership. (published 2257 GMT Monday)
Bank of Queensland Reshaping Operating Model
Bank of Queensland Ltd. plans to invest 15.0 million Australian
dollars over this financial year reshaping its organizational
structure to reflect its growth in recent years and accelerate
driving its cost-to-income ratio to the low 40% range in the years
ahead. (published 2236 GMT Monday)
United Continental's January Traffic Rose 0.1%
United Continental Holdings Inc. on Monday reported a 0.1%
traffic increase in January, as measured by revenue-passenger
miles, while capacity declined 0.1%. (published 2234 GMT
Monday)
(END) Dow Jones Newswires
February 08, 2016 20:00 ET (01:00 GMT)
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