TOP STORIES
DOW PARES LOSSES TO END VOLATILE SESSION OFF 1.1%
The flight from risky assets accelerated Monday, pummeling
shares of big global banks and sending gold prices to their biggest
one-day gain in more than a year.
CHESAPEAKE, ITS STOCK TANKING, TRIES TO ALLAY BANKRUPTCY FEARS
Chesapeake Energy said it "has no plans to pursue bankruptcy"
after reports intensified such fears, cutting its stock in half in
early trading.
U. OF PHOENIX OPERATOR APOLLO EDUCATION TO BE TAKEN PRIVATE
Apollo Education, which operates the for-profit University of
Phoenix, agreed to be taken private by a group of investors in a
$1.1 billion deal.
FOX REVENUE FALLS
21st Century Fox said its revenue fell 8.4% in its latest
quarter, as stronger cable and television advertising revenue was
offset by lower revenue at its film business and the effect of
asset sales a year earlier.
GAP GIVES ROSY GUIDANCE FOR FULL YEAR
Gap gave rosy guidance for the fiscal year for which it plans to
report on shortly, despite saying fourth-quarter overall sales
declined and comparable sales at its three major brands fell in
January.
YELP POSTS RESULTS EARLY; CFO TO STEP DOWN
Yelp said its chief financial officer was leaving as it reported
another quarterly loss, driven by higher spending.
FRENCH REGULATOR ALLEGES FACEBOOK VIOLATES PRIVACY LAWS
France's data-protection regulator late Monday threatened to
fine Facebook Inc. if it doesn't change how it handles data about
its users and others on the Internet.
DEUTSCHE BANK SHARES DROP AS EUROPEAN BANKS GET PUMMELED
Deutsche Bank's shares dropped sharply Monday, losing almost 10%
of their value as the battered European banking sector came in for
fresh punishment.
GOOGLE CEO GETS EQUITY AWARD OF $199 MILLION
Alphabet Inc. granted Sundar Pichai, chief executive of the
company's main Google business, an equity award valued at $199
million, making him one of the world's highest-paid executives.
U.S. FINANCIAL STOCKS FALL
U.S. financial stocks fell Monday, as investors worried that
banks could be hurt by low energy prices and slowing economic
growth around the world.
'STAR WARS' IS THE FORCE BEHIND STRONG HASBRO SALES
Hasbro reported strong revenue during the holiday period, helped
by a surge in demand for lightsabers, action figures and other toys
tied to "Star Wars: The Force Awakens."
CHIPOTLE PLEDGES $10 MILLION TO HELP LOCAL GROWERS MEET SAFETY STANDARDS
Chipotle said it plans to set aside up to $10 million to help
local growers meet its new food-safety standards, as the burrito
chain outlined for its employees its efforts to recover from
disease outbreaks tied to its food.
MEXICAN PRESIDENT TO NAME NEW HEAD OF STATE OIL COMPANY
Mexican President Enrique Peñ a Nieto plans to replace the chief
executive of Petró leos Mexicanos, shuffling the management of the
state oil company as it struggles with the fallout from the plunge
in global oil prices, people familiar with the situation said
Monday.
FRANCE SAYS IT COULD INCREASE ALSTOM STAKE
France said an agreement with conglomerate Bouygues had gone
into effect, giving the state voting rights equivalent to 20% of
Alstom's share capital.
PFIZER OUTLINES POST-MERGER MANAGEMENT SLATE
Pfizer unveiled its slate of executives who will run the
combined company after it closes its roughly $150 billion inversion
deal to buy Allergan.
CONFERENCE BOARD: EMPLOYMENT TRENDS INDEX RISES IN JANUARY
A compilation of U.S. job-market indicators rose in January but
at a slower pace than in December, the latest indication of a job
market that lost some steam at the start of the year.
VOLKSWAGEN'S QUALITY-CONTROL CHIEF RESIGNS
Volkswagen said its head of quality assurance will leave the
company, as Chief Executive Matthias Mü ller continues to shake up
the car maker's management in the wake of its emissions-cheating
scandal.
IMAGINATION TECHNOLOGIES WARNS OF FULL-YEAR LOSS; CEO STEPS DOWN
Imagination Technologies Group PLC announced the resignation of
its long-standing Chief Executive Hossein Yassaie as the
semiconductor designer warned it will report a loss for the full
year.
ORCHESTRA-PREMAMAN BOOSTS CASH IN DESTINATION MATERNITY OFFER
Children's clothing company Orchestra-Premaman SA boosted the
cash component of its unsolicited offer to buy Destination
Maternity Corp. after the maternity clothing maker turned down its
previous proposal.
INDIA'S ECONOMY EXPANDED 7.3% LAST QUARTER
India said output expanded 7.3% in last year's fourth quarter,
as consumer and government spending lift the economy.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Ahead of the Tape
DISNEY EARNINGS: WHY ESPN HAS TO GET BACK IN THE GAME
In Disney's quarterly results, the cord-cutting phenomenon and
its impact on ESPN will likely overshadow success from 'Star Wars:
The Force Awakens.'
Capital Journal
JEB BUSH, FAMILY DYNASTY FACE MOMENT OF TRUTH IN N.H.
Will Jeb Bush do well enough in New Hampshire to recharge his
presidential effort, or will the remarkable Bush family run in
presidential politics begin to wind down? The situation there is
sufficiently in flux that either is possible, Gerald F. Seib
writes.
(END) Dow Jones Newswires
February 08, 2016 17:00 ET (22:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.