HSBC Expands Buyback Plan as Net Loss Widens

HSBC warned that a changed U.S. stance on global trade could harm its business as net loss widened sharply to $4.23 billion. Stock fell more than 4% in early London trading.

 
Failed $143 Billion Deal Raises Pressure on Unilever, Kraft

Deal talks between Kraft Heinz and Unilever are dead, but both consumer-goods giants now find themselves under heightened pressure to make bold moves to accelerate growth.

 
BHP Billiton Returns to Profit, Raises Dividend

The mining giant posted a net profit of $3.20 billion in its fiscal first half, reflecting higher commodity prices, continued cost-cutting and the absence of large write-downs.

 
Anglo American Soars Back to Profit

Anglo American swung back to profitability last year amid the rebound in commodity prices, after the miner enforced one of the most sweeping structural changes a global corporation has seen in years.

 
Telefónica Sells Telxius Stake in Debt-Reduction Drive

Telefónica has agreed to sell up to 40% of its Telxius infrastructure unit to KKR & Co. as the Spanish telecommunications giant seeks funds to whittle down its debt.

 
Pension Fund Sticks With Hedge Funds as Others Flee

After a year in which tens of billions of dollars fled global hedge funds as investors flagged disappointing returns and high fees, the industry is in need of friends. It still has one in Canada's largest pension fund.

 
Saudi Arabia Favors New York for Aramco IPO

Saudi Arabia is leaning toward listing its giant, state-run oil company in New York, London or Toronto and has soured on the prospect of floating the firm on an Asian stock exchange, people familiar with the matter said.

 
Toys "R" Us Lays Off 10%-15% of Corporate Employees

Toys "R" Us Inc. recently laid off between 10% and 15% of its corporate employees, the latest retailer to cut jobs as shopping rapidly shifts from physical stores to online ones.

 
BHP: Watch Flip Side of Mining Giant's Copper Surge

BHP's concentration on copper paid off in 2016, but the easy part is over.

 
Dalian Wanda's Dick Clark TV Deal Hits Hurdle

The $1 billion purchase of Dick Clark Productions by China's Dalian Wanda has stalled amid Beijing's clampdown on capital leaving the country.

(END) Dow Jones Newswires

February 21, 2017 05:00 ET (10:00 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.