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News Highlights: Top Equities Stories Of The Day

Date : 07/02/2012 @ 7:13AM
Source : Dow Jones News

News Highlights: Top Equities Stories Of The Day

 
Barclays Chairman Agius Resigns 

Barclays says it will launch an independently led audit of its business practices as Chairman Marcus Agius confirms he would resign, taking responsibility for last week's $453 million settlement of an interest-rate manipulation probe.

-- Agius Steps Down As BBA Chairman 
-- U.K. Orders Review of Libor Rates 
-- Turner: Ring-Fencing Banks Won't Stop Abuses 
 
 Greece's NBG Holds Cooperation Talks With Credit Agricole 

Greece's largest lender, the National Bank of Greece says that it has held talks with France's Credit Agricole SA (ACA.FR) over possible cooperation.

 
Airbus to Unveil $600M Investment for US Factory 

Airbus plans to unveil an investment of roughly $600 million to build and equip a new assembly line in Alabama, marking the European plane maker's first major manufacturing facility on the home turf of U.S. rival Boeing.

 
Dell Close to Deal for Quest Software 

Dell is close to striking a deal to buy Quest Software after trumping a private-equity group, and an announcement could come as early as Monday, people familiar with the matter say.

 
Lincare's Board Supports Linde's Takeover Offer 

The board of U.S. respiratory therapy and services provider Lincare recommends its shareholders accept the $4.6 billion takeover offer from German industrial gas supplier Linde, the companies said in a joint statement.

 
Apple Settles Ipad Suit, Court Says 

Apple will pay $60 million to settle a trademark dispute with a Chinese company over the iPad name, according to a Chinese court, potentially resolving a case that illustrated new intellectual-property challenges for foreign businesses in China.

 
 Statoil Says Makes Significant Discovery In North Sea 

Statoil says it makes a significant natural-gas and condensate discovery in the King Lear prospect in the southern part of the Norwegian North Sea, with estimated total volumes of between 70 million and 200 million barrels of recoverable oil equivalent.

 
Google Urges Governments to Share Disaster Data 

Google urges governments to get better at sharing information to allow citizens and first responders to make better use of the Internet during natural disasters.

 
Shell to Sell Most Prolific Nigeria Block 

Royal Dutch Shell's Nigerian unit agrees to sell its most prolific oil block in the West African nation to Shoreline Natural Resources, a local entity backed by U.K. exploration firm Heritage Oil for $850 million.

 
Glencore Could Abandon Xstrata Deal 

Glencore International is prepared to walk away from a $65 billion merger with Xstrata rather than be forced into overpaying for the deal, reports the Sunday Telegraph.



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