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News Highlights: Top Equities Stories Of The Day

Date : 07/17/2012 @ 3:16AM
Source : Dow Jones News

News Highlights: Top Equities Stories Of The Day

Rio Tinto Posts Record 1H Iron Ore Output

Rio Tinto posts record production of iron ore and coking coal in 1H, but warns global economic conditions and sentiment dropped markedly in 2Q.

Richard Branson Considering Virgin Records Bid

Richard Branson mulls a bid for Virgin Records, one of the record labels Universal Music may sell to win regulators' clearance for its $1.9 billion EMI Music buy, a person familiar with the matter tells The Wall Street Journal.

U.S. Senate Report Details Risky Behavior at HSBC

Executives of HSBC Holdings ignored warnings for years that the bank's far-flung operations were being used by money launderers and potential terrorist financiers, according to a U.S. Senate investigation.

Google's Mayer Takes Over As Yahoo Chief

Yahoo names Marissa Mayer, a longtime Google executive, to be its next chief executive officer, returning the struggling Internet company to a leader with deep technology experience.

Moody's Cuts Ratings on Italian Banks

Moody's cuts its long-term ratings on 10 Italian banks and its issuer ratings on three Italian financial institutions, following its downgrade of Italy's government bond rating last week.

Microsoft Unveils New Office Suite

Microsoft unveils a customer preview of its new Office software suite, which is designed to work with touch-screen tablets and will be available as a cloud-based subscription service.

-- NBC News Buys Microsoft Stake in MSNBC Digital

GM Expects European Losses for Rest of Year

General Motors expects to report substantial losses in Europe for the rest of the year, dampening prospects for a second-half recovery, according to people familiar with the workings of GM's European operations.


Googling Salvation at Yahoo

In picking Google executive Marissa Mayer as its new chief executive, Yahoo is swinging for the fences. It could easily whiff, Rolfe Winkler writes.


Mazda Hopes To Rev Up Exports

Mazda Motor charts a radical course for a Japanese auto maker: betting heavily on exporting, even as the strong yen makes it much harder to do so profitably, Yoshio Takahashi writes.


Coca-Cola's Currency Is Its Resilience

The surprising weakness of some international markets and the strength of the dollar will be a focus Tuesday when Coke unveils second-quarter results, Spencer Jakab writes.


Citi's Not-So-Simple Task

Citigroup is holding its own in the face of rocky markets and slowing global growth. But compared with a peer like J.P. Morgan Chase, recently engulfed in scandal, it gets little credit, David Reilly writes.

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