News Highlights: Top Equities Stories Of The Day
October 08 2015 - 8:30AM
Dow Jones News
Dell in Merger Talks With EMC
Dell and private-equity firm Silver Lake are in advanced talks
to buy EMC, a deal that would rank as the biggest
technology-industry takeover ever and remove questions about EMC
that have hung over the data-storage giant for more than a
year.
Encana to Sell Colorado Oil and Gas Assets for $900 Million
Encana will sell oil and gas assets in Colorado's Denver
Julesburg Basin for $900 million to a new joint venture majority
owned by Canada's biggest pension fund.
AB InBev Slams SABMiller's Rejection of Takeover Offer
Anheuser-Busch InBev publicly slammed SABMiller PLC for
rejecting its latest proposal to buy the world's second-largest
brewer.
Deutsche Bank Sees Big Loss on Write-Down in Corporate
Banking
Deutsche Bank warned it will take a $6.5 billion charge on
assets in its investment bank and retail- and private-banking
operations for the third quarter and said it could cut its dividend
this year.
National Retail Federation Sees Holiday Sales up 3.7%
The National Retail Federation expects sales to rise 3.7% this
holiday season, less than the 4.1% gain last year, as sluggish U.S.
job growth and other economic factors continue to weigh on consumer
spending.
Gazprom to Sell First Euro Debt Since Last Year
Russian energy giant Gazprom is set to sell a three-year
euro-denominated bond; the issue comes as some investors take
encouragement from a perceived easing of tensions in Ukraine.
Blackstone to Buy BioMed Realty Trust
Blackstone will acquire BioMed Realty Trust in an $4.84 billion
cash deal, adding more office buildings and laboratory-capable
facilities to its real estate portfolio.
Caesars Entertainment Unit Files Amended Plan
Caesars Entertainment's operating unit, which entered bankruptcy
protection in January, filed an amended reorganization plan to
convert the unit into a real estate investment trust.
UAW Strike Averted at Fiat Chrysler
The UAW reached a new tentative contract agreement with Fiat
Chrysler, averting a strike that would have idled some, if not all,
of the auto maker's U.S. plants.
Chinese Internet Rivals Form New Company
Meituan and Dianping said they have created a new company in a
deal that turns two rivals into a dominant player in restaurant
bookings, movie ticketing and other online-to-offline services.
Macquarie to Buy ANZ Unit
Macquarie Group has agreed to buy a vehicle-finance business
from one of Australia's biggest banks for $5.91 billion, beefing up
its leasing operations.
CLP to Sell Gas Plant in Australia
The Hong Kong power company will sell a natural-gas processing
and storage operation in Australia to a local state-owned fund
manager for $1.28 billion.
Alibaba Seeks to Soothe Shareholders
Alibaba Group is mounting a new campaign to reassure
shareholders of its growth prospects after investors dumped its
shares over slowing revenue growth, China's economic woes and other
issues.
Samsung Says Personal Payment Data Not at Risk
Samsung Electronics said the personal payment information of
users of its mobile payment system wasn't compromised despite a
reported hacking incident at LoopPay, a U.S.-based startup it
bought earlier this year.
(END) Dow Jones Newswires
October 08, 2015 08:15 ET (12:15 GMT)
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