News Highlights: Top Equities Stories Of The Day

Date : 05/28/2012 @ 3:17AM
Source : Dow Jones News

News Highlights: Top Equities Stories Of The Day

Graff Diamonds To Start Retail Offer For $1B IPO

London-based jeweler Graff Diamonds is seeking to raise $1 billion from an initial public offering in Hong Kong that will start Monday.

Bankia Parent 2011 Loss To Widen On Restatement

Banco Financiero y de Ahorros, parent of Spanish lender Bankia, will restate its 2011 results, resulting in a loss of more than EUR3.5 billion, up from a previously reported loss of EUR30 million, El Pais reports.

-- Spain May Ask EFSF For Funds To Aid Banks

-- Spain Weighs Debt Obligations For Bankia

Kellogg Seen Bidding For United Biscuits Unit

The sale of the salty snacks division of United Biscuits is expected to draw bidders including U.S. food producer Kellogg and Germany's Intersnack, the Financial Times reports.

Goldman Mulls Piecemeal Sale Of Sweden's Svenska

Goldman Sachs is considering breaking up the $2 billion sale of Swedish oil group Svenska into parcels, The Independent On Sunday reports.

EADS Enders Wants To Reduce Government Influence

The future CEO of European Aeronautic Defence & Space, Tom Enders, wants to reduce the influence of government shareholders on the company, Bild am Sonntag reports.

Resolution Mulls EUR1.5B Deal For Rabobank's Robeco

U.K.-based Resolution Group eyes a EUR1.5 billion takeover of Rabobank's Dutch fund management fund Robeco, The Sunday Times reports.

News Ltd To Cut Up To 400 Jobs, Report Says

News Ltd., the Australian arm of News Corp., is set to cut up to 400 editorial jobs as it restructures its largely print-based publishing business, the Age newspaper reports.

Xstrata Plans Big Bonus To Keep CEO

Xstrata is readying a bonus package worth as much as GBP50 million to retain Chief Executive Mick Davis prior to the company's merger with Glencore, The Financial Times reports.

Bradesco Denies Stake Buy In Santander Unit

Brazilian bank Bradesco denies a newspaper report that it is planning to purchase an equity stake in the Brazilian unit of Spain's Banco Santander.

KKR Interest Cools For BHP Ekati Diamond Mine

Private equity firm KKR's interest cools for BHP Billiton's Ekati diamond mine in Canada, raising questions about demand for such assets, the Financial Times reports.


Renesas To Cut Jobs, Sell Factory

Japanese chip maker Renesas plans to cut as many as 14,000 jobs, or about 30% of the company's total work force, and sell its major plant to Taiwan Semiconductor Manufacturing Co.


A Vodafone IPO Is On Hold In India

A local IPO would help Vodafone get a better connection to India. But it has little choice but to wait when it comes to plans for Indian operations, Harsh Joshi writes.


Fiat Ban Seen As Victory In Iran Sanctions Campaign

Supporters of trade sanctions against Iran say Italian auto maker Fiat's decision to stop doing business in Iran represents a major victory in a campaign to align European companies against Iran's nuclear program.

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