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News Highlights: Top Equities Stories Of The Day

Date : 04/11/2012 @ 10:15PM
Source : Dow Jones News

News Highlights: Top Equities Stories Of The Day

 
 
SEVEN GROUP SAYS WESTRAC ACQUIRES BUCYRUS UNITS FOR US$400M 

Seven Group Holdings Ltd. said Thursday that its WesTrac heavy machinery unit has agreed to buy the Bucyrus distribution and support businesses from Caterpillar Inc. in several parts of Australia for about US$400 million. (published 0002 GMT)

 
 
INDONESIA'S BUMITAMA AGRI SURGES 34.9% ON SINGAPORE DEBUT 

Indonesian palm oil producer Bumitama Agri Ltd. opened 34.9% above its initial public offering price in its debut on the Singapore Exchange on Thursday. (published 0108 GMT)

 
 
TEN NETWORK 1H NET PROFIT DOWN 70% AT A$14.8M, NO DIVIDEND 

Australian television company Ten Network Holdings Ltd. said Thursday first half net profit was down 70% on year, reflecting tough conditions in the advertising market. (published 2351 GMT)

 
 
ILUKA RESOURCES QUARTERLY SALES REVENUE FALLS 13% 

Australian mineral sands producer Iluka Resources Ltd. Thursday posted a 13% fall in first-quarter sales revenue despite higher prices due to sluggish demand for zircon and delayed shipments of titanium dioxide products. (published 0019 GMT)

 
 
CHORUS ISSUES FIRST DEBT, EQUITY SECURITIES TO NZ GOVT; GETS NZ$3.9 MLN IN RETURN 

Infrastructure company Chorus Ltd. has issued its first set of debt and equity securities to New Zealand government-owned Crown Fibre Holdings, and has received NZ$3.9 million in return, the company said in a statement Thursday. (published 2322 GMT)

 
 
TRINITY LTD TO BUY GIEVES & HAWKES BRAND, BUSINESS FOR UP TO GBP92.5 MLN 

Trinity Ltd. has agreed to buy British fashion brand Gieves & Hawkes and its business for up to GBP92.5 million, the high-end menswear retailer said Wednesday. (published 0050 GMT)

 
 
KRUNG THAI BANK PRESIDENT: 1Q LOAN GROWTH AROUND 4.5% 

Krung Thai Bank PCL, Thailand's second-largest bank by assets after Bangkok Bank PCL, booked around 4.5% growth in its loan portfolio in the first quarter from the end of last year, President Apisak Tantivorawong said late Wednesday. (published 0153 GMT)

 
 
MALAYAN UNITED INDUSTRIES TO SELL GENERAL INSURANCE ASSETS TO TOKIO MARINE 

Malayan United Industries Bhd. said Thursday it plans to sell to Tokio Marine Insurans Bhd. general-insurance assets and liabilities of its 52.2%-owned subsidiary MUI Continental Insurance Bhd. (published 0145 GMT)

 
 
POSCO TO ADOPT GOOGLE WORKPLACE SOLUTIONS THIS YEAR 

South Korean steelmaker Posco said Thursday it will start using Google Inc.'s technology and software solutions at its offices and plants this year, after signing an agreement on the matter in November. (published 0142 GMT)

 
 


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