News Highlights: Top Equities Stories Of The Day
August 28 2015 - 3:16AM
Dow Jones News
Hermès Warns of Currency Pressure
French luxury-goods company Hermès International warned that
volatile currencies will erode its profitability in the second half
of the year with profit seen rising more slowly than sales.
Google Rebuffs European Union on Antitrust Charges
Google rebuffed the European Union's demand that it change the
way it ranks online comparison-shopping services in its search
results, setting up a potentially drawn-out legal battle.
China Huarong Asset Management Gets Approval for $3 Billion
IPO
The plan by China's largest bad-loan buyer by assets could be
one of the biggest in the region this year.
UberChina Closing In on $1 Billion in New Funding
The Chinese affiliate of Uber is close to securing about $1
billion in new funding from investors in the region, part of the
ride-hailing company's rivalry with deep-pocketed Chinese rival
Didi Kuaidi.
Mitsubishi Corp. to Take Strategic Stake in Olam
International
Japanese conglomerate Mitsubishi Corp. will take a strategic
stake in Singapore-listed commodities trader Olam International
Ltd. for the equivalent of $1.1 billion, the latest move by
growth-hungry Japanese firms looking for opportunities beyond their
home market.
FDA Approves Amgen's Cholesterol Drug
The FDA approved Amgen's cholesterol-lowering drug on Thursday,
teeing up a rivalry with a similar treatment that was approved just
weeks earlier.
United Continental, Activision to Join S&P 500
United Continental Holdings and Activision Blizzard will join
the S&P 500 while Pall and Hospira will leave the benchmark
index.
(END) Dow Jones Newswires
August 28, 2015 03:01 ET (07:01 GMT)
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