News Highlights: Top Equities Stories of the Day
February 07 2016 - 08:15PM
Dow Jones News
Bridgewater Heir Apparent in Talks to Give Up Co-CEO Role -- Source
The presumed heir apparent to Bridgewater Associates founder Ray
Dalio is discussing giving up his job as co-chief executive of the
world's biggest hedge fund, creating uncertainty about the future
leadership of the firm. (published 2316 GMT Sunday)
National Bank of Canada to Take Hit on Maple Financial Stake >NA.T
National Bank of Canada on Sunday warned that its
regulatory-capital level would take a hit after Germany's financial
watchdog BaFin effectively shuttered one of its foreign
investments, the German unit of Maple Financial Group. (published
2332 GMT Sunday)
Bidding War for Australia's Asciano Escalates
A bidding war for Australian port-and-rail operator Asciano Ltd.
has intensified, after its board said a revised proposal from a
Qube Holdings Ltd. -led consortium bettered an earlier offer by
Canada's Brookfield Infrastructure Partners LP . (published 2256
GMT Sunday)
OzForex Ends Takeover Talks With Western Union
Foreign exchange services provider OzForex Ltd. said takeover
talks with Western Union Co. have ended and warned its earnings
this financial year will be lower than previously expected.
(published 2235 GMT Sunday)
Australia Extends Broadspectrum's Detention Centers Contract
Takeover target Broadspectrum said its deal to manage
Australia's offshore asylum-seeker detention centers has been
extended by 12 months as the government looks to put the contract
back to tender. (published 2231 GMT Sunday)
Ansell Expects Better Second Half After Profit Falls
Protective-clothing and condoms producer Ansell Ltd. is
expecting a stronger second half to its financial year, after its
profit slumped 21% in the first six months against a weaker
economic backdrop. (published 2214 GMT Sunday)
JB Hi-Fi Expects Annual Profit Rise after iPhone Boosts Sales
Consumer electronics retailer JB Hi-Fi Ltd. said its first-half
net profit rose 7.5%, as the release of the iPhone 6 boosted sales,
helping to offset pressure on margins from intense discounting by
competitors. (published 2147 GMT Sunday)
Credit Suisse CEO Asks Board to Cut His Bonus
The CEO of Credit Suisse Group AG has asked his board to slash
his bonus, after the Swiss bank posted quarterly results that sent
its share price tumbling lower. (published 1946 GMT Sunday)
Ford to More Than Double Mexico Production Capacity in 2018
Ford Motor Co. will build a new assembly plant in Mexico and
sharply increase Mexican factory output, representing the latest
shift of investment abroad by a Detroit auto maker following the
signing of a costly new labor deal. (published 1509 GMT Sunday)
Thailand's TCC Group to Buy Groupe Casino's Stake in Big C
Groupe Casino SA has agreed to sell its stake in Thai
hypermarket operator Big C Supercenter PLC for EUR3.1 billion to a
Thai billionaire, marking a major step in the French grocer's plans
to cut its debt. (published 1426 GMT Sunday)
Redstone Trust Presents New Twist in Control of Media Assets
After barely surviving a Boston hotel fire in 1979, Sumner
Redstone was treated for his injuries at Massachusetts General
Hospital. The media mogul showed his gratitude by donating millions
of dollars to its burn unit. (published 2029 GMT Saturday)
(END) Dow Jones Newswires
February 07, 2016 20:00 ET (01:00 GMT)
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