News Highlights: Top Company News of the Day
22 February 2017 - 7:30PM
Dow Jones News
Airbus Profit Plunges on A400M Costs
Airbus said full-year net profit plunged 66% with higher
airliner deliveries offset by cost growth on a key military
aircraft program.
Saudi Aramco Picks J.P. Morgan, HSBC, Morgan Stanley as IPO Underwriters
Saudi Arabia's state-owned energy company has told J.P. Morgan,
HSBC and Morgan Stanley they will be the lead underwriters for its
planned initial public offering, set to be the largest ever,
according to people familiar with the matter.
Snap Kicks Off Pre-IPO Roadshow for Potential Investors
Hundreds of potential investors crowded a ballroom of New York's
Mandarin Oriental on Tuesday to grill Snap Inc. executives about
how they're going to turn their popular disappearing-message app
into a moneymaking machine.
$100 Million Stolen in 'Criminal Scheme' at ABB
Swiss engineering company ABB said it uncovered a "sophisticated
criminal scheme" in a South Korean subsidiary that led to about
$100 million being stolen from the company.
U.S. Accelerates Iran Sanctions Probe of Deutsche Boerse Unit
Federal prosecutors in New York are pursuing a sanctions
investigation into Deutsche Boerse AG's unit Clearstream Banking
SA, and hope to resolve it with either a settlement or charges
later this year, according to people familiar with the matter.
Carl Icahn Takes Stake in Bristol-Myers
The same day Bristol-Myers Squibb Co. shook up its board to
satisfy one activist investor, the drugmaker was faced with
another: Carl Icahn, whose interest is fueling speculation the
company could soon be put on the auction block.
Auto Makers Ask EPA's Pruitt to Reverse Fuel-Economy Decision
A week before President Trump took office, the EPA decided to
keep targets that called for auto makers to sell vehicles averaging
54.5 miles a gallon, or roughly 40 mpg in real-world driving, by
2025. The decision capped a review that wasn't expected to be
completed until April 2018.
Woodside Plans to Expand Western Australia LNG Output
Woodside Petroleum is positioning to lift gas-export capacity in
coming years in expectation that still-rising supplies of liquefied
natural gas will be absorbed by higher Asian demand.
Air Products Bid for Chinese Rival Has Investors Pumped
Air Products bid for Yingde Gases is a major test of
U.S.-Chinese cross border investing.
Starboard Takes 6.6% Stake in Tribune Media
Hedge fund Starboard Value LP has opened a 6.6% stake in Tribune
Media Co. but has no immediate plans to push for change.
(END) Dow Jones Newswires
February 22, 2017 03:15 ET (08:15 GMT)
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