TOP STORIES
INTERNATIONAL PAPER TO BUY WEYERHAEUSER PULP ASSETS
International Paper agreed to acquire the fiber pulp operations
of Weyerhaeuser cellulose fibers unit for $2.2 billion, a move that
is expected to complement the paper-and-packaging company's
business.
U.S. STOCKS BOUNCE HIGHER
U.S. stocks rose Monday, bouncing back after posting their
biggest weekly decline since February.
FERRARI NAMES SERGIO MARCHIONNE CEO
Ferrari N.V. on Monday said Sergio Marchionne will replace
Amedeo Felisa as its chief executive--putting him in charge of the
luxury sportscar maker his company spun off less than a year
ago.
PUERTO RICO TO MISS PAYMENT ON DEBT
Puerto Rico's Government Development Bank won't make most of a
$422 million debt payment due Monday, a step that could move the
island's financial crisis to a new level and likely spark lawsuits
from creditors.
ATLANTIC CITY MAKES $1.8 MILLION BOND PAYMENT, AVERTING DEFAULT
Atlantic City, N.J., made a $1.8 million debt payment on Monday
morning, averting what would have been the first default for a New
Jersey municipality in more than 75 years.
ISM MANUFACTURING INDEX SIGNALS EXPANSION IN APRIL
A closely watched gauge of U.S. factory activity slipped in
April but continued to signal growth in the manufacturing sector,
which has been battered by low oil prices and a strong dollar.
U.S. APRIL MARKIT MANUFACTURING PMI 50.8
The U.S. manufacturing sector lost some momentum last month
after recovering in March.
ECB POLICY STIMULATING THE ECONOMY, SAYS DRAGHI
European Central Bank President Mario Draghi issued a strong
defense of accommodative monetary policy Monday, saying that there
was no alternative to such policy in an environment where inflation
remains very weak.
BOEING CONFIDENT FIGHTER LINE WILL BE OPEN IN 2020S
Boeing Co. is increasingly confident a pipeline of potential
orders will keep its combat jet plant in St. Louis open into the
2020s, the aerospace company's chief executive said Monday.
HALLIBURTON-BAKER HUGHES CALL OFF CONTESTED MERGER
Halliburton and Baker Hughes called off their merger, once
valued at nearly $35 billion, which encountered opposition on
several continents from regulators who claimed that it would hurt
competition in the oil-field services business.
CANADIAN VITAMIN MAKER JAMIESON LABORATORIES EXPLORING SALE
Jamieson Laboratories Ltd. is working with Nomura and Houlihan
Lokey to evaluate its options after a Chinese company expressed
interest in buying the Toronto-based firm, according to people
familiar with the matter.
INVESTORS PROFITING FROM PRE-RELEASE OF U.S. DATA: STUDY
Researchers for the European Central Bank said they have
uncovered strong evidence that investors are profiting by trading
on U.S. economic data before it is released.
CANADA'S BCE TO BUY MANITOBA TELECOM FOR $2.5 BILLION
Canadian telecommunications giant BCE on Monday said it had
reached a friendly deal to buy Manitoba Telecom for about 3.1
billion Canadian dollars (about $2.5 billion).
LIONS GATE LEADS VENTURE TO REMAKE FILMS IN OTHER COUNTRIES
Nine movie distributors world-wide led by Lions Gate, have
agreed to give each other right of first refusal to remake each
others' films in their respective countries.
BROCADE COMMUNICATIONS PULLS BACK ITS OUTLOOK
Brocade Communications Systems said its second-quarter results
fell short of its previous guidance forecasts, citing overall
softness in information-technology spending.
ENGIE SA TOLD TO CHANGE PRICING POLICY
France's antitrust regulator has ordered power utility Engie SA
to change its natural gas prices for non-residential customers to
better reflect its costs.
GNC CONSIDERS SALE OF COMPANY
GNC Holdings said it had started a review that could result in
the sale of the company, days after it said its turnaround plan was
facing setbacks
ACACIA COMMUNICATIONS SETS IPO RANGE OF $21-$23 A SHARE
Optical-networking startup Acacia Communications Inc. put a
price range of $21 to $23 a share on its initial public offering of
stock.
NVIDIA AND SAMSUNG SETTLE PATENT LITIGATION
Nvidia Corp. and Samsung Electronics Co. agreed to settle
competing patent lawsuits between the two companies, Nvidia said
Monday.
ORACLE TO BUY UTILITIES-SOFTWARE MAKER OPOWER
Oracle agreed to acquire utilities cloud-services provider
Opower, expanding the database giant's portfolio of cloud software
for the utilities industry.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Capital Journal
VOTERS HARBOR DIFFERING CONCERNS ABOUT CLINTON AND TRUMP
If Tuesday's crucial Indiana primary serves to set up a
general-election matchup between Hillary Clinton and Donald Trump,
as seems likely, it will help pave the way for an extreme study in
contrasts, writes Gerald F. Seib.
Business
SALESFORCE'S MARC BENIOFF HAS KICKED OFF NEW ERA OF CORPORATE SOCIAL ACTIVISM
On social issues such as gay rights, Salesforce.com CEO Marc
Benioff is successfully pushing companies to speak out, drawing
brickbats from local lawmakers and even his own board.
(END) Dow Jones Newswires
May 02, 2016 13:00 ET (17:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.