News Highlights: Top Equities Stories Of The Day
Post# of 94281
Posted On: 01/12/2016 3:37:06 AM
News Highlights: Top Equities Stories Of The Day
Source: Dow Jones News
SAP Reports 3% Drop in Operating Profit, Offers Optimistic Guidance
German business software provider SAP SE reported a slight, 3% drop in operating profit for the fourth quarter of 2015, even as it laid out an optimistic guidance for 2016.
Peugeot Sales Lifted by European Demand
PSA Peugeot Citroën said its 2015 world-wide vehicle sales rose 1.2% as strong demand in Europe offset weakness in emerging markets.
Alcoa Swings to a Loss on Charges
Alcoa swung to a fourth quarter loss on restructuring charges, and revenue slumped 18% amid sharply lower aluminum prices.
United Expects Steeper Decline in Key Revenue Metric
United Continental Holdings is projecting a larger decline in a key passenger-revenue metric, citing travel cuts from oil-patch corporate customers, the impact of Paris terror attacks along with softening domestic yields.
Starbucks Plans Thousands of New Stores in China
Starbucks is upping its bet on Chinese consumers' growing taste for coffee, despite global jitters over the country's slowing economy and market turmoil.
China's Dalian Wanda Buys Legendary Entertainment
Chinese conglomerate Dalian Wanda Group Co. has agreed to acquire Hollywood production and finance company Legendary Entertainment for $3.5 billion in cash.
UniCredit to Sell Ukrainian Unit to Alfa Group
UniCredit said it reached an agreement to sell its Ukrainian unit, Ukrsotsbank, to Alfa Group's ABH Holdings, in a transaction likely to cost the bank about €852 million ($930.8 million).
Spanish Bank BBVA Hires Barclays Top Tech Executive
Banco Bilbao Vizcaya Argentaria hired Derek White, one of Barclays PLC's top digital executives, as the bank continues to ramp up its investment in new technology.
Norway's Voss Says China's Reignwood To Buy Majority Stake
Voss of Norway said China's Reignwood Group has agreed to pay about $105 million to buy slightly more than 50% of the premium bottled water maker.
Uber's China Unit Raises Funding at $7 Billion Valuation
Uber Technologies said Monday it has raised fresh funds that value its expanding China unit at $7 billion, bringing in local partners to aid its battle with a homegrown Chinese rival.
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, the country's oil officials said Monday after a new attack was thwarted at another terminal.
Lexus Unveils a New Sports Coupe
Toyota's coming Lexus LC 500 aims to push the luxury car brand into competition with sports coupes from BMW and Mercedes-Benz.
(END) Dow Jones Newswires
January 12, 2016 03:14 ET (08:14 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Source: Dow Jones News
SAP Reports 3% Drop in Operating Profit, Offers Optimistic Guidance
German business software provider SAP SE reported a slight, 3% drop in operating profit for the fourth quarter of 2015, even as it laid out an optimistic guidance for 2016.
Peugeot Sales Lifted by European Demand
PSA Peugeot Citroën said its 2015 world-wide vehicle sales rose 1.2% as strong demand in Europe offset weakness in emerging markets.
Alcoa Swings to a Loss on Charges
Alcoa swung to a fourth quarter loss on restructuring charges, and revenue slumped 18% amid sharply lower aluminum prices.
United Expects Steeper Decline in Key Revenue Metric
United Continental Holdings is projecting a larger decline in a key passenger-revenue metric, citing travel cuts from oil-patch corporate customers, the impact of Paris terror attacks along with softening domestic yields.
Starbucks Plans Thousands of New Stores in China
Starbucks is upping its bet on Chinese consumers' growing taste for coffee, despite global jitters over the country's slowing economy and market turmoil.
China's Dalian Wanda Buys Legendary Entertainment
Chinese conglomerate Dalian Wanda Group Co. has agreed to acquire Hollywood production and finance company Legendary Entertainment for $3.5 billion in cash.
UniCredit to Sell Ukrainian Unit to Alfa Group
UniCredit said it reached an agreement to sell its Ukrainian unit, Ukrsotsbank, to Alfa Group's ABH Holdings, in a transaction likely to cost the bank about €852 million ($930.8 million).
Spanish Bank BBVA Hires Barclays Top Tech Executive
Banco Bilbao Vizcaya Argentaria hired Derek White, one of Barclays PLC's top digital executives, as the bank continues to ramp up its investment in new technology.
Norway's Voss Says China's Reignwood To Buy Majority Stake
Voss of Norway said China's Reignwood Group has agreed to pay about $105 million to buy slightly more than 50% of the premium bottled water maker.
Uber's China Unit Raises Funding at $7 Billion Valuation
Uber Technologies said Monday it has raised fresh funds that value its expanding China unit at $7 billion, bringing in local partners to aid its battle with a homegrown Chinese rival.
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, the country's oil officials said Monday after a new attack was thwarted at another terminal.
Lexus Unveils a New Sports Coupe
Toyota's coming Lexus LC 500 aims to push the luxury car brand into competition with sports coupes from BMW and Mercedes-Benz.
(END) Dow Jones Newswires
January 12, 2016 03:14 ET (08:14 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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