News Highlights: Top Equities Stories Of The Day
October 09 2015 - 5:20AM
Dow Jones News
Glencore Cutbacks Shift to Zinc
The commodities trader said it would cut global zinc production
by a third after prices of the industrial metal collapsed.
Troubled Times for BHP Spinoff South32
With stock down 30% since it listed in May, unlucky mining
company faces stiff challenges and lots of uncertainty.
Alcoa Profit Falls on Aluminum-Price Slide
Alcoa reported sharply lower third-quarter profit due to lower
aluminum prices and unfavorable currency impacts.
SABMiller Raises Cost-Savings Target
SABMiller upped its cost-savings target by over $550 million,
the London-based brewer's latest attempt to underscore the strength
of its business in the face of a takeover approach by
Anheuser-Busch InBev.
Six Credit Suisse Financial Advisers Leave Ahead of Overhaul
Two groups of financial advisers managing about $4.5 billion in
total recently left Credit Suisse AG ahead of a strategic overhaul
that will be announced later this month.
UAW Touts Wage Gains in Chrysler Contract
The United Auto Workers union will use the promise of higher
wages for entry-level workers and more clarity on future vehicle
production to rally skeptical rank-and-file members to support a
contract with Fiat Chrysler.
Apple Pay to Hit Starbucks Stores This Year
Jason Henry for The Wall Street Journal
Starbucks will begin accepting Apple Pay in some U.S. stores
this year, and will roll out the payment service to all
company-owned U.S. locations by the end of 2016.
Gap Reports Downbeat Profit Guidance, Drop in Sept. Sales
Gap said total sales in September fell 1%, hurt by the stronger
dollar and weakness at Banana Republic, and gave downbeat profit
guidance.
PC Shipments Continue to Slump
Computer shipments dropped again in the third quarter as PC
makers didn't receive much of a boost from Microsoft's new Windows
10 operating system.
Former Deutsche Bank Trader Pleads Guilty in Libor Manipulation
Probe
A former Deutsche Bank senior trader pleaded guilty to
conspiring to rig a key lending benchmark, the latest admission in
a long-running investigation.
(END) Dow Jones Newswires
October 09, 2015 05:05 ET (09:05 GMT)
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