TOP STORIES
GLOBAL STOCKS BROADLY HIGHER, WHILE DOLLAR STRENGTHENS
U.S. stocks traded higher Tuesday, while the dollar strengthened
against the euro and yen.
TRANSDIGM TO ACQUIRE DATA DEVICE CORP. FOR $1 BILLION
TransDigm Group Inc. agreed to acquire the parent of defense
firm Data Device Corp. from Behrman Capital for $1 billion in
cash.
BEST BUY ISSUES SOFT PROFIT OUTLOOK
Best Buy reported revenue for the latest quarter that fell less
than analysts were expecting amid strong appliance sales, but
issued a soft profit forecast for the current quarter and said its
financial chief was stepping down next month.
FED RATE RISE 'WOULD BE GOOD NEWS FOR GLOBAL ECONOMY'
A rate increase by the U.S. Federal Reserve would be good news
for the world economy and demonstrate that central-bank stimulus
policies are working, the European Central Bank's Vice President Ví
tor Constâ ncio said Tuesday.
NANT HEALTH SEEKS $82 MILLION IN IPO
Nant Health, the biomolecular medicine company run by a Los
Angeles billionaire entrepreneur, said it sees its stock pricing
between $12.50 and $15.50 a share in its coming initial public
offering.
DSW POSTS SMALLER PROFIT, SLASHES OUTLOOK
Disappointing shoes sales at DSW Inc. dragged earnings down by
more than a third in its first quarter, prompting the retailer to
slash its outlook for the year.
GOOGLE'S FRENCH HEADQUARTERS RAIDED BY TAX INVESTIGATORS
Dozens of tax investigators raided Google's French headquarters,
part of a continuing probe into alleged tax evasion by the Internet
giant, prosecutors said.
DEBT STANDOFF HOBBLES GREEK BAILOUT TALKS
Eurozone finance ministers and the International Monetary Fund
are having another go at resolving a standoff over Greece's bailout
which has held up new aid payments for the country.
COCA-COLA REDRAWS ITS INTERNATIONAL STRUCTURE
Coca-Cola rolled out plans to remake its international
structure, as it looks to support its changing bottler
footprint.
COCA-COLA ENTERPRISES SHAREHOLDERS APPROVE MERGER
Coca-Cola Enterprises shareholders voted to approve the
company's proposed bottling merger, which would create the largest
independent Coke bottler by sales world-wide.
MEXICAN CONSUMER PRICES DOWN IN EARLY MAY
Mexican consumer prices fell more than expected in the first
half of May, leaving the annual inflation rate below the central
bank's 3% target thanks to lower energy costs and declines in
prices of fresh produce.
VALSPAR MISSES EXPECTATIONS; PAINT VOLUMES SLIDE
Valspar Corp., in the midst of a merger with rival
Sherwin-Williams Co., said earnings in its latest quarter fell amid
restructuring costs and lower paint sales.
KANSAS CITY SOUTHERN EXPECTS ROUGH 2016 FOR RAIL INDUSTRY
Shipping crude oil is going to become an increasingly
unpredictable business for railroads, as refiners have now
demonstrated they will turn to the cheapest source for oil no
matter its location.
TOLL BROTHERS RESULTS BEAT FORECASTS
Home builder Toll Brothers reported better-than-expected profit
and revenue in the second quarter, helped by higher pricing and
contracts.
KIRKLAND'S MISSES VIEWS
Kirkland's profit tumbled 64% in the first quarter as the
home-decor retailer logged sales growth below expectations.
SWISS START CRIMINAL PROCEEDINGS AGAINST BSI OVER 1MDB
Authorities in Switzerland said Tuesday they have opened a
criminal investigation of Swiss private bank BSI SA for failing to
prevent suspected money laundering and bribery relating to its
dealings with Malaysian state investment fund 1MDB.
OIL PRICES DOWN AS SUPPLY CONCERNS MOUNT
Prices dipped lower as analysts weighed a strengthening dollar
and rising fears over global oversupply.
ECB WARNS AGAINST RISE OF POPULISM
The European Central Bank warned that the rise of populist
political forces in Europe could slow the implementation of needed
economic reforms, thus leading to market pressure on vulnerable
countries.
AIRBUS TACKLES ITS PROCRASTINATION PROBLEM
Airbus executives are trying to end what has become an unwanted
annual rite: the plane maker's scramble to hit its year-end
jet-delivery promise.
OLD MUTUAL RECEIVES APPROACHES FOR OM ASSET MANAGEMENT
Old Mutual said it has received a number of approaches from
third parties to buy its stake in OM Asset Management, as the
financial services group explores ways to separate its four main
businesses.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Election 2016
POLL FINDS LACK OF ENTHUSIASM FOR CLINTON AND TRUMP
Hillary Clinton and Donald Trump share a defining asset that is
fueling support for both in the 2016 presidential race: voters'
animus toward the other candidate.
Technology
STARTUP INVESTORS INVOKE OBSCURE LAW TO OPEN UP BOOKS
A Delaware corporate law, which can compel locally incorporated
firms to open their books to shareholders, is a potentially
valuable tool for thousands of tech workers and other small
investors questioning their shares' worth.
(END) Dow Jones Newswires
May 24, 2016 10:03 ET (14:03 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.