News Highlights: Equities Stories Of The Day
25 May 2016 - 10:15PM
Dow Jones News
Shell to Lay Off Another 2,200 Staff
Shell plans at least another 2,200 job cuts this year in the
face of low oil prices while integrating its recent acquisition of
BG Group.
Mitsubishi Motors Posts Loss Over Scandal, Warns on Costs
Mitsubishi Motors posted a $174 million special loss and warned
that related costs could balloon further as it grapples with the
fallout from a fuel economy testing scandal that has led to the
resignation of its president.
Chevron-led Consortium to Invest Up To $37 Billion in Kazakh Oil
Field
Investment represents one of the first big commitments by a
large oil company to spend on new crude production following a
two-year-long slump in oil prices.
Express Cuts Guidance Amid Sales Growth Slump
Express slashed its guidance for the year and gave a bleak
outlook for the current quarter as the apparel chain reported
disappointing sales growth in the most recent quarter amid a tough
retail environment.
Washington, California Sue Johnson & Johnson Over Vaginal
Mesh Implants
Washington state and California sued Johnson & Johnson on
Tuesday, saying that for years the company misrepresented the risks
of vaginal mesh implants it sold to repair pelvic collapse.
Stada Arzneimittel Holds Buyout Talks With CVC Capital
Stada Arzneimittel has been holding informal talks with private
equity firm CVC Capital Partners over a potential buyout that could
value the Germany generic drug maker at roughly $4.1 billion.
Singapore Exchange in Exclusive Talks to Buy Baltic Exchange
Singapore's stock exchange has entered into exclusive talks to
buy the Baltic Stock Exchange, a deal that could put the nearly
300-year-old London exchange under new ownership.
EU Could Force Netflix to Fund European Films
The European Unionproposed legal changes that could force
Netflix and other online-video providers to help finance
European-made films.
M&S Earnings Tumble, Profit Warning Rattles Investors
One of Britain's best-known retailers saw a steep drop in
full-year profit and warned that earnings would stay squeezed as it
works to revive its struggling Clothing and Home arm.
Swiss Bank Is Charged Over 1MDB Dealings
Authorities in Switzerland and Singapore took action against
Swiss private bank BSI SA for allegedly failing to prevent
suspected money laundering and bribery related to its dealings with
a Malaysian development fund.
Huawei Sues Samsung Alleging Patent Infringement
China's Huawei has filed a lawsuit in the U.S. alleging that
Samsung infringed a number of patents covering mobile devices and
cellular-communications technology.
Korean Shipbuilder STX Bound for Receivership
South Korea's STX Offshore & Shipbuilding Co. will likely be
put under court receivership after years of financial aid failed to
keep it afloat.
(END) Dow Jones Newswires
May 25, 2016 08:00 ET (12:00 GMT)
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