News Highlights: Top Company News of the Day
30 May 2017 - 1:30PM
Dow Jones News
Singapore Fines Credit Suisse Over 1MDB
Singapore imposed fines on Swiss bank Credit Suisse and a local
bank for antimoney-laundering control failures connected with an
investigation into alleged misappropriation from Malaysian state
fund 1MDB.
Goldman Sachs Under Fire for Venezuela Bond Deal
Goldman Sachs is on the defensive in Venezuela after it bought
bonds that had been held by the struggling country's central bank
in a transaction the opposition decried as a lifeline to President
Nicolás Maduro's administration.
Kinder Morgan Canadian Pipeline Expansion Faces Setback
The future of Kinder Morgan Inc.'s proposed expansion Trans
Mountain pipeline was dealt a setback Monday after a political
party in the Canadian west-coast province of British Columbia that
opposed the project looked set to form a new government.
Italian Lender Monte dei Paschi Enters Talks for Sale of Bad Loans
Troubled Italian lender Banca Monte dei Paschi di Siena SpA has
entered exclusive talks about the sale of a giant portfolio of bad
loans with a group of investors, a key step of its restructuring
plan aimed at being rescued by the government.
RBS Investors Accept GBP200 Million Settlement from Bank
A group of Royal Bank of Scotland Group PLC investors accepted a
GBP200 million settlement from the bank to end a protracted legal
fight over allegations the lender misled them in the lead-up to an
emergency rights issue during the financial crisis.
Dutch Court Backs Akzo Nobel in Dispute With Elliott Management
U.S. activist investor Elliott Management lost a legal battle to
try to remove Akzo Nobel's chairman, heaping pressure on PPG
Industries to make a hostile bid for the rival Dutch paint and
chemicals giant or abandon its monthslong takeover pursuit.
BMW Slows Some Production Due to Parts Shortage From Supplier Bosch
BMW AG, the German luxury car maker, is slowing or halting
production of certain models in response to a shortage of parts
caused by delivery problems from supplier Bosch GmbH.
Apple: Supercycle Hopes Drive Super-sized Bets
Can Apple's coming "supercycle" actually deliver? Investors
already have bet nearly $200 billion that it can. Hopes are high
for the next iPhone coming out later this year after the last two
versions failed to do much to move the needle.
China Huishan Faces Corporate-Governance Meltdown
One of China's largest dairy companies is facing a
corporate-governance meltdown: All of its board members except its
chairman have left since a fateful day in March, when the company's
shares plunged 85% in a single trading session.
British Airways Faces Third Day of Flight Disruption After IT Outage
British Airways said a far-reaching computer outage would
disrupt flights for a third day and pledged to avoid a repetition
of the events that led to hundreds of canceled flights over the
weekend.
(END) Dow Jones Newswires
May 29, 2017 23:15 ET (03:15 GMT)
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