News Highlights: Top Company News of the Day
December 08 2016 - 11:30AM
Dow Jones News
Chinese Takeover of Aixtron Collapses After U.S. Ban
A Chinese takeover bid for Aixtron of Germany collapsed, a week
after President Barack Obama blocked the deal on national-security
grounds, according to a statement from the suitor.
Dell Technologies Revenue Rises on EMC Deal
Dell Technologies said revenue rose in its latest quarter though
its loss deepened, months after the megamerger of Dell and EMC was
completed.
McDonald's to Move Non-U.S. Tax Base to the UK
McDonald's said a large portion of its non-U.S. income would be
taxed in the U.K., following a restructuring that shifts operations
away from Luxembourg.
Home Builder Hovnanian Posts Disappointing Results
Home builder Hovnanian Enterprises Inc., which has struggled
under a massive debt load, said earnings declined in the latest
period even though revenue rose, hurt by climbing expenses.
Losses Mount at Sears
Sears Holdings reported a $748 million quarterly loss as revenue
and gross margin fell, extending woes for the struggling retailer
as it continues to explore ways to monetize its key brands.
Sovereign-Wealth Funds, Macquarie Buy Stake in U.K. Gas Business
A consortium led by Australia's Macquarie Group and including
sovereign-wealth funds from China and Qatar agreed to buy a
majority stake in National Grid's U.K. gas-distribution business
for about $4.56 billion.
Entergy Plans to Close Michigan Nuclear Plant in 2018
Entergy said it intends to close the Palisades Nuclear Power
Plant in Michigan in October of 2018, part of the company's efforts
to reduce its merchant power fleet amid low prices in the wholesale
market.
Credit Suisse Names New Head of Global Internet Investment Banking
Credit Suisse Group announced internally Thursday that it has
hired Robert Peck as its new head of global internet investment
banking.
Switzerland Buys Back its Own Luxury Watches
Switzerland is re-importing its luxury watches at an increasing
rate, as the industry grapples with weaker global growth, slowdowns
in parts of Asia and reduced tourism in Europe.
Horizon Pharma Shares Plunge on Failed Late-Stage Study
Horizon Pharma shares slid 20% after a late-stage study for a
genetic disease treatment broadly failed testing.
(END) Dow Jones Newswires
December 08, 2016 11:15 ET (16:15 GMT)
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