News Highlights: Top Equities Stories Of The Day
October 24 2016 - 8:54AM
Dow Jones News
TD Ameritrade to Acquire Scottrade
TD Ameritrade will buy Scottrade in a $4 billion deal, combining
two leaders in the retail market for the buying and selling of
stocks at a time when stock picking has lost favor to index
investing.
AT&T Faces Political Barrage
AT&T's blockbuster $85.4 billion deal to buy Time Warner
promises to reshape the media landscape-if the companies can
navigate a series of obstacles, including possible opposition from
U.S. antitrust authorities and objections by lawmakers and media
and telecom rivals.
AMC Sees Less-Than-Expected Revenue Growth
AMC Entertainment Holdings Inc. said it expects revenue in the
September quarter to come in below Wall Street expectations.
Philips Profit Lifted by Lighting Business Spinoff
The Netherlands' Royal Philips said its third-quarter earnings
further improved thanks to higher sales at its core health-care
technology operations and cost savings.
Syngenta and ChemChina Miss EU Deadline for Antitrust
Remedies
Syngenta and China National Chemical Corp. didn't submit
proposed remedies to resolve the EU's potential antitrust concerns
about their planned merger by Friday's deadline, sending shares of
the Swiss seed and pesticide maker down over 7%.
Germany Withdraws Approval of Chinese Takeover of Aixtron
Germany's government has withdrawn its approval of a $729
million Chinese takeover of Aixtron, the company said, the latest
sign of government alarm about a wave of Chinese takeovers.
Rockwell Collins to Buy B/E Aerospace for $6.4 Billion
Rockwell Collins agreed to pay $6.4 billion to buy B/E Aerospace
in a deal that would unite two of the global aerospace industry's
biggest suppliers
Genworth Financial Agrees to Takeover
Chinese investment firm China Oceanwide Holdings said it agreed
to buy U.S.-based insurer Genworth Financial Inc. for about $2.7
billion.
Hanjin Shipping to Close European Operations
The company's decision to close all of its 10 business
operations in Europe is the latest sign that may be heading toward
liquidation.
(END) Dow Jones Newswires
October 24, 2016 08:39 ET (12:39 GMT)
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