Rolls-Royce On Track to Deliver Expected Cost Savings 

British aircraft engine maker Rolls-Royce Holdings said earnings this year could benefit from currency effects and confirmed full-year targets ahead of the company's annual shareholder meeting later in the day.

 
Helicopter Operator CHC Group Files for Bankruptcy Protection 

CHC Group Ltd. has filed for bankruptcy protection as one of the world's largest helicopter operators joined a slew of oil-field services companies caught by the downturn in global energy prices.

 
EU Officials Reject CK Hutchison Bid for Telefónica's O2 

Senior EU officials have decided to block CK Hutchison's multibillion-dollar purchase of Telefónica's British mobile operator O2, paving the way for the bloc's 28 commissioners to sign off on the decision.

 
HSBC Unit Appeals Fine by Hong Kong Regulator 

In what would be the largest fine imposed by Hong Kong's securities regulator, misconduct has been alleged surrounding products sold to HSBC's private banking clients between 2003 and 2008.

 
Jefferies' Parent Leucadia National Swings to Quarterly Loss 

Leucadia National Corp., the parent of investment bank Jefferies, swung to a first-quarter loss, driven by losses at the investment bank.

 
Greenlight's Einhorn: Caterpillar Stock Hasn't Reached Bottom 

David Einhorn, president of hedge fund Greenlight Capital, said Wednesday he was bearish on Caterpillar, making the case that the company's recent troubles haven't signaled a bottom in the stock

(END) Dow Jones Newswires

May 05, 2016 02:58 ET (06:58 GMT)

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