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News Highlights: Top Equities Stories Of The Day

Date : 06/14/2012 @ 3:28AM
Source : Dow Jones News

News Highlights: Top Equities Stories Of The Day

Esprit Extends Losses as Chairman Quits After CEO

Esprit Holdings' share price continues to take a beating after the fashion retailer's chairman quits, just a day after its chief executive's sudden resignation.

Yancoal Remains Open to Further Acquisitions

Chinese-owned Yancoal Australia, set to list in Australia this month following a merger with Gloucester Coal, is open to acquisitions at the right price, The Australian Financial Review reports.

Temasek Seeks $700M in New QFII Quotas

Singapore's Temasek Holdings has applied for $700 million in new investment quotas under China's Qualified Foreign Institutional Investors program, the China Securities Journal reports.

HTC Drops Appeal of US Patent Case Vs Apple

Taiwanese smartphone maker HTC decides not to appeal a U.S. patent case that it lost against Apple earlier this year. The case is one of a series of legal battles between the two tech titans.

NY Mellon Says Greek Exit May Weaken Asia Currencies

Asian countries should be on guard against currency depreciation in the event of a Greek exit from the euro, Samarjit Shankar, managing director of foreign exchange research at Bank of New York Mellon says.

Apple Bid to Stop Samsung Phone in US Stalls

Apple's effort to stop South Korea's Samsung Electronics from launching its newest iPhone challenger in the U.S., the Galaxy S III model, has been derailed by complex maneuvering in the patent war between the companies.

-- Samsung Eyes Facebook-Like Service

Japan's Carmakers Racing to Record Output

Global production by Japan's eight major manufacturers of passenger vehicles is seen reaching an all-time high this fiscal year, buoyed by local output in emerging markets, the Nikkei reports.

Credit Agricole Preparing For Greece Euro Exit

Credit Agricole may abandon its troubled Greek bank or merge it with a conglomerate of domestic banks if Greece leaves the euro zone, a person familiar with the matter tells the Wall Street Journal.

Facebook to Launch Service for Real-Time Ad Bids

Facebook will launch Facebook Exchange, a service that allows real-time bidding by advertising buyers, Bloomberg News reports.

Kodak Bid to Declare Apple Doesn't Own Patents Denied

Eastman Kodak's bankruptcy judge says he won't reject Apple's ownership claims on certain Kodak patents but that shouldn't hinder Kodak from including them in a planned sale of 1,000 digital patents.

HEARD ON THE STREET

WPP Board Must Show Who Is Boss

Martin Sorrell has been given the bloody nose he feared, yet he remains defiant, writes Andrew Peaple. The WPP boss is unlikely to give up any of last year's rewards as a result of shareholders voting against his pay raise.



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