2ND UPDATE: CHINA APPROVES GLENCORE-XSTATA MERGER WITH CONDITIONS
Commodities giant Glencore International PLC said Tuesday that
it has received final regulatory approval from China for its
multibillion-dollar merger with Xstrata PLC after agreeing to
dispose of a $5.2 billion Peruvian copper project and agreeing to
supply a minimum amount of copper to China over an eight-year
period. (published 2311 GMT)
JAMES HARDIE FACES LEGAL ACTION IN NEW ZEALAND; SHARES HALTED
James Hardie Industries Ltd. placed its shares in a trading halt
Wednesday, pending an announcement about a lawsuit against the
building materials company in New Zealand. (published 0017 GMT)
UPDATE: ALSTOM EXECUTIVE ARRESTED IN U.S. ON BRIBERY CHARGES -JUSTICE DEPARTMENT
The U.S. Justice Department said it arrested an executive of
French engineering firm Alstom SA at New York's John F. Kennedy
International Airport Sunday evening, and charged him with
participating in a bribery scheme to win business in Indonesia.
(published 2253 GMT)
UPDATE: JUDGE BLOCKS J.C. PENNEY SALE OF SOME MARTHA STEWART-DESIGNED GOODS
A New York state appeals judge has temporarily blocked J.C.
Penney's plan to introduce a line of bedding and other home
products designed by homemaking maven Martha Stewart, but sold
under another brand name. (published 2338 GMT)
2ND UPDATE: OUTAGE SNARLS AMERICAN AIRLINES FLIGHTS
AMR Corp.'s American Airlines canceled or delayed at least 1,950
flights after losing access to a key computer system, a hit to the
airline's reputation as it prepares for a complicated merger with
US Airways Group Inc. that poses the risk of similar disruptions.
(published 2328 GMT)
LOGITECH FINANCE CHIEF ERIK BARDMAN TO LEAVE FOR ROKU
Computer-mouse maker Logitech International S.A. said its
finance chief, Erik K. Bardman, is leaving the company to join TV
set-top vendor Roku. (published 2256 GMT)
GLASS LEWIS RECOMMENDS METROPCS SHAREHOLDERS VOTE FOR MERGER WITH T-MOBILE
Proxy adviser Glass Lewis & Co. recommended that MetroPCS
Communications Inc. shareholders vote in favor of a merger with
T-Mobile USA, shifting course after the terms of the deal were
improved. (published 0024 GMT)
UPDATE: ATLAS PIPELINE TO BUY TEAK MIDSTREAM FOR $1 BILLION
Atlas Pipeline Partners LP has agreed to acquire Teak Midstream
LLC for $1 billion in cash, giving the company an entry point into
the liquids-rich Eagle Ford Shale in south Texas. (published 2237
GMT)
INCITEC PIVOT TO BUILD $850M AMMONIA PLANT IN LOUISIANA
Incitec Pivot Ltd. said Wednesday it had approved construction
of a US$850 million ammonia plant in Louisiana, taking advantage of
low energy costs driven by a boom in U.S. shale gas production.
(published 2304 GMT)
LINEAR TECHNOLOGY 3RD-QUARTER PROFIT UP 13% ON REVENUE GROWTH, LOWER TAX PROVISION
Linear Technology Corp.'s fiscal third-quarter profit rose 13%
as the chip manufacturer reported improved revenue and a lower
income-tax provision. (published 2130 GMT)
CIRRUS LOGIC TO RECORD 4TH-QUARTER INVENTORY RESERVE, GIVES WEAK 1ST-QUARTER REVENUE VIEW
Cirrus Logic Inc., a supplier for Apple Inc., said it expects to
record a significant inventory reserve charge in the fourth quarter
and that its margins for the period will be weaker than expected.
(published 2322 GMT)