News Highlights: Top Equities Stories Of The Day
Source: Dow Jones News
TOP STORIES SHIRE TO BUY BAXALTA FOR $32 BILLION AFTER SIX-MONTH PURSUIT
Dublin-based pharmaceutical company Shire agreed to buy Baxalta for $32 billion, in a deal the companies said would create the world's largest maker of rare disease drugs.
U.S. STOCKS TURN LOWER
Stocks wobbled and oil tumbled Monday, as markets struggled to regain their footing following last week's bruising start to the year.
FED'S LOCKHART EXPECTS ECONOMY TO JUSTIFY FURTHER RATE INCREASES IN 2016
Atlanta Fed President Dennis Lockhart said he doesn't believe U.S. growth will be derailed by market trouble and weak overseas economies, in remarks that reaffirmed the likelihood of more central-bank rate rises this year.
FED SENT RECORD $97.7 BILLION IN PROFITS TO U.S. TREASURY IN 2015
The Federal Reserve handed over a record $97.7 billion in profits to the Treasury Department in 2015, according to preliminary figures released Monday
AT&T TO BRING BACK UNLIMITED WIRELESS DATA PLANS
AT&T is bringing back unlimited wireless data plans, a reversal after more than five years of moving customers away from such plans onto those that charge for data use.
ARCH COAL FILES FOR BANKRUPTCY
Arch Coal, one of the U.S.'s largest coal producers, filed for chapter 11 bankruptcy protection in a bid to trim $4.5 billion in debt from its balance sheet to counter decreased demand and falling prices for its products.
U.S. OIL PRICES DROP BELOW $32 A BARREL
U.S. oil prices dropped below $32 a barrel Monday for the first time since 2003 on a stronger dollar and continued concerns about Chinese demand.
LIBYA PLANS OIL LOADING AT EASTERN PORT FOR FIRST TIME SINCE 2014
Libya's National Oil Co. is trying to load oil stored at the eastern Ras Lanuf port for the first time since 2014, as it seeks to shelter the crude from new Islamic State attacks.
SUPREME COURT DENIES APPEAL ON STUDENT-LOAN ERASURE
The Supreme Court on Monday turned away an appeal that sought to make it easier to erase student loans in bankruptcy.
NEW YORK FED FINDS MIXED PICTURE ON INFLATION OUTLOOK IN DECEMBER
Views on the inflation outlook were mixed in December, according to new data from the Federal Reserve Bank of New York, with households expecting 2.5% inflation over the next year.
CELGENE NAMES NEW CEO, CUTS 2015 PROFIT OUTLOOK
Celgene named Chief Operating Officer Mark Alles as its new chief executive starting in March, as the biopharmaceutical company also lowered 2015 profit guidance.
DENNY'S SHARES JUMP ON PRELIMINARY SALES RESULTS
Denny's said a measure of profitability and cash flow this year would be at the high end of earlier-issued guidance, thanks to same-store sales growth during the fourth quarter.
BMW REPORTS RECORD YEARLY SALES
BMW AG, the German luxury car maker, reported record sales for 2015 despite turbulence in some markets and warned about continued headwinds in the new year.
VOLKSWAGEN SET TO EXPAND U.S. GOODWILL PROGRAM
Volkswagen is ramping up its campaign to win back the trust of American consumers, with the German auto maker saying Monday that it plans to expand a goodwill program worth more than $1,000 to owners of larger, 3-liter diesel engines.
AMERICAN APPAREL GETS $300 MILLION BUYOUT OFFER
American Apparel received a $300 million buyout offer, backed by former CEO Dov Charney, months after the retailer filed for bankruptcy and unveiled a restructuring plan.
ELECTROLUX CEO KEITH MCLOUGHLIN QUITS
Keith McLoughlin is stepping down as chief executive of Swedish appliance maker Electrolux, just a month after a protracted deal to take over GE's appliance business collapsed.
MANNKIND NAMES INSIDER AS CEO
MannKind said it appointed Chief Financial Officer Matthew Pfeffer to the additional role of chief executive, replacing founder Alfred Mann.
ACTIVIST INVESTOR STARBOARD URGES MACY'S TO STRIKE REAL-ESTATE DEALS
Starboard Value wants the retailer to find ways to unlock the value of its vast real-estate holdings, including its famous Herald Square store in New York.
PBOC EXTENDS $754.4 MILLION IN LOANS TO FINANCIAL INSTITUTIONS
China's central bank said it has extended $754.4 million credit to banks via its relending program as of the end of 2015, in a bid to encourage banks to provide cheaper funds to boost the struggling economy.
OECD LEADING INDICATORS POINT TO STEADYING CHINA GROWTH
China's economic slowdown may be set to end later this year, with Brazil also heading for a stabilization, according to leading indicators released by the OECD.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= Capital Journal OBAMA IS A MAN OF POLITICAL PARADOX
President Obama's election will always be a historic one, but what is most striking as he makes his final State of the Union speech are the many paradoxes that have come to mark his presidency, Gerald F. Seib writes.
Moneybeat Blog GOLDMAN THINKS THESE 3 THEMES WILL DOMINATE 2016 EARNINGS
Goldman Sachs Group Inc., in a note to clients Thursday, said that profit margins, energy profits and the risk of further economic slowdown will dominate earnings' discussions this year.
(END) Dow Jones Newswires
January 11, 2016 13:00 ET (18:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Source: Dow Jones News
TOP STORIES SHIRE TO BUY BAXALTA FOR $32 BILLION AFTER SIX-MONTH PURSUIT
Dublin-based pharmaceutical company Shire agreed to buy Baxalta for $32 billion, in a deal the companies said would create the world's largest maker of rare disease drugs.
U.S. STOCKS TURN LOWER
Stocks wobbled and oil tumbled Monday, as markets struggled to regain their footing following last week's bruising start to the year.
FED'S LOCKHART EXPECTS ECONOMY TO JUSTIFY FURTHER RATE INCREASES IN 2016
Atlanta Fed President Dennis Lockhart said he doesn't believe U.S. growth will be derailed by market trouble and weak overseas economies, in remarks that reaffirmed the likelihood of more central-bank rate rises this year.
FED SENT RECORD $97.7 BILLION IN PROFITS TO U.S. TREASURY IN 2015
The Federal Reserve handed over a record $97.7 billion in profits to the Treasury Department in 2015, according to preliminary figures released Monday
AT&T TO BRING BACK UNLIMITED WIRELESS DATA PLANS
AT&T is bringing back unlimited wireless data plans, a reversal after more than five years of moving customers away from such plans onto those that charge for data use.
ARCH COAL FILES FOR BANKRUPTCY
Arch Coal, one of the U.S.'s largest coal producers, filed for chapter 11 bankruptcy protection in a bid to trim $4.5 billion in debt from its balance sheet to counter decreased demand and falling prices for its products.
U.S. OIL PRICES DROP BELOW $32 A BARREL
U.S. oil prices dropped below $32 a barrel Monday for the first time since 2003 on a stronger dollar and continued concerns about Chinese demand.
LIBYA PLANS OIL LOADING AT EASTERN PORT FOR FIRST TIME SINCE 2014
Libya's National Oil Co. is trying to load oil stored at the eastern Ras Lanuf port for the first time since 2014, as it seeks to shelter the crude from new Islamic State attacks.
SUPREME COURT DENIES APPEAL ON STUDENT-LOAN ERASURE
The Supreme Court on Monday turned away an appeal that sought to make it easier to erase student loans in bankruptcy.
NEW YORK FED FINDS MIXED PICTURE ON INFLATION OUTLOOK IN DECEMBER
Views on the inflation outlook were mixed in December, according to new data from the Federal Reserve Bank of New York, with households expecting 2.5% inflation over the next year.
CELGENE NAMES NEW CEO, CUTS 2015 PROFIT OUTLOOK
Celgene named Chief Operating Officer Mark Alles as its new chief executive starting in March, as the biopharmaceutical company also lowered 2015 profit guidance.
DENNY'S SHARES JUMP ON PRELIMINARY SALES RESULTS
Denny's said a measure of profitability and cash flow this year would be at the high end of earlier-issued guidance, thanks to same-store sales growth during the fourth quarter.
BMW REPORTS RECORD YEARLY SALES
BMW AG, the German luxury car maker, reported record sales for 2015 despite turbulence in some markets and warned about continued headwinds in the new year.
VOLKSWAGEN SET TO EXPAND U.S. GOODWILL PROGRAM
Volkswagen is ramping up its campaign to win back the trust of American consumers, with the German auto maker saying Monday that it plans to expand a goodwill program worth more than $1,000 to owners of larger, 3-liter diesel engines.
AMERICAN APPAREL GETS $300 MILLION BUYOUT OFFER
American Apparel received a $300 million buyout offer, backed by former CEO Dov Charney, months after the retailer filed for bankruptcy and unveiled a restructuring plan.
ELECTROLUX CEO KEITH MCLOUGHLIN QUITS
Keith McLoughlin is stepping down as chief executive of Swedish appliance maker Electrolux, just a month after a protracted deal to take over GE's appliance business collapsed.
MANNKIND NAMES INSIDER AS CEO
MannKind said it appointed Chief Financial Officer Matthew Pfeffer to the additional role of chief executive, replacing founder Alfred Mann.
ACTIVIST INVESTOR STARBOARD URGES MACY'S TO STRIKE REAL-ESTATE DEALS
Starboard Value wants the retailer to find ways to unlock the value of its vast real-estate holdings, including its famous Herald Square store in New York.
PBOC EXTENDS $754.4 MILLION IN LOANS TO FINANCIAL INSTITUTIONS
China's central bank said it has extended $754.4 million credit to banks via its relending program as of the end of 2015, in a bid to encourage banks to provide cheaper funds to boost the struggling economy.
OECD LEADING INDICATORS POINT TO STEADYING CHINA GROWTH
China's economic slowdown may be set to end later this year, with Brazil also heading for a stabilization, according to leading indicators released by the OECD.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= Capital Journal OBAMA IS A MAN OF POLITICAL PARADOX
President Obama's election will always be a historic one, but what is most striking as he makes his final State of the Union speech are the many paradoxes that have come to mark his presidency, Gerald F. Seib writes.
Moneybeat Blog GOLDMAN THINKS THESE 3 THEMES WILL DOMINATE 2016 EARNINGS
Goldman Sachs Group Inc., in a note to clients Thursday, said that profit margins, energy profits and the risk of further economic slowdown will dominate earnings' discussions this year.
(END) Dow Jones Newswires
January 11, 2016 13:00 ET (18:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
