News Highlights: Top Company News of the Day
December 08 2016 - 1:30PM
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.
Stifel to Pay $25 Million in CDO Settlement
Stifel Nicolaus and a former executive will pay about $25
million to settle SEC claims that it sold "unsuitably risky and
complex" financial instruments to five school districts in
Wisconsin.
Canada to Buy Plane Fleet from Airbus
Airbus Group said it had secured a deal with the Canadian
government to provide a new fleet of search-and-rescue planes.
Glencore Cements Russian Connections With Rosneft Deal
Glencore's move to take a stake in Russian oil producer Rosneft
appears to be a victory for the Swiss commodity trader in a market
it once dominated.
Sovereign-Wealth Funds, Macquarie Buy Stake in U.K. Gas Business
A consortium led by Macquarie and including sovereign-wealth
funds from China and Qatar agreed to buy a stake in National Grid's
U.K. gas-distribution business for about $4.56 billion.
Petrobras Reaffirms Asset Sale Goal
Brazilian state-run oil company Petróleo Brasileiro reiterated
its goal of selling more than $4 billion in assets by the end of
the year, despite court rulings challenging its divestment program
this week.
(END) Dow Jones Newswires
December 08, 2016 13:15 ET (18:15 GMT)
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