News Highlights: Top Equities Stories Of The Day
June 28 2016 - 6:23AM
Dow Jones News
France Tells EDF to Switch On U.K. Nuclear Project
French Economy Minister Emmanuel Macron urged state-controlled
power utility EDF to make the final investment decision to go ahead
with a $24 billion nuclear power project in the U.K. despite the
country's vote to leave the European Union.
Rolls-Royce Results to Reflect Currency Swings
Rolls-Royce said currency movements will provide less of a boost
to its performance this year than previously forecast though the
British engine maker is yet to take into account the slump in the
British currency after the U.K.'s decision to leave the EU.
Banco Santander Backs Guidance in Effort to Allay 'Brexit' Concerns
Banco Santander SA reiterated its financial targets for this
year to head off deepening investor anxiety about the effect of
"Brexit" on the Spanish bank's profitability.
GE Strikes Deals to Sell Most of U.S. Restaurant Finance Assets
General Electric Co. has struck three agreements to sell the
bulk of its U.S. restaurant loan portfolio as the industrial
conglomerate continues to unwind its financial arm to focus on
high-tech products, like jet engines and power turbines.
ZTE's Temporary Sanction Relief Extended
The U.S. extended the temporary lifting of sanctions on ZTE, as
the Chinese maker of telecommunications equipment tries to rebuild
its reputation after being accused of trade-rule violations.
Japan WhatsApp Rival Line Sets Price Range for IPO
Japanese messaging-app operator Line has set its price range for
a potential $1.1 billion IPO in Tokyo and New York next month at
$26.50 to $31.50 a share.
Lyft Hires M&A Banker Qatalyst Partners
Ride-hailing startup Lyft has hired Qatalyst Partners, the
boutique investment bank best known for helping tech companies find
a buyer, according to people familiar with the matter.
Nestlé Taps Schneider as Next CEO
Nestlé SA said it has tapped Ulf Mark Schneider, chief executive
of Fresenius Group, as its new CEO starting Jan. 1.
Airbnb Sues San Francisco Over New Law
Airbnb has sued San Francisco in federal court in an attempt to
block its home city's plan to fine the company for unregistered
apartment rentals.
(END) Dow Jones Newswires
June 28, 2016 06:08 ET (10:08 GMT)
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