Upbeat Bayer Posts Lower Profit With Monsanto in Its Sights

Germany's Bayer set out ambitious sales and profit targets for this year when its expects to clinch its planned $57 billion acquisition of seeds maker Monsanto.

 
Airbus Profit Hit by Charge on Troubled Military Plane Program

Airbus reported a 66% fall in full-year net profit after the plane maker was hit by a $1.26 billion charge on a troubled key military aircraft program.

 
Thyssenkrupp to Sell Brazilian Plant for $1.3 Billion, Amid Steel Industry Shake-Up

Thyssenkrupp shares jumped after the German industrial goods company said it would sell its Brazilian steel plant to Ternium for $1.3 billion, marking an end to its beleaguered steel operations in the Americas.

 
Saudi Aramco Picks J.P. Morgan, HSBC, Morgan Stanley as IPO Underwriters

Saudi Arabia's state-owned energy company has told J.P. Morgan, HSBC and Morgan Stanley they will be the lead underwriters for its planned initial public offering, set to be the largest ever, according to people familiar with the matter.

 
Snap Kicks Off Pre-IPO Roadshow for Potential Investors

Hundreds of potential investors crowded a ballroom of New York's Mandarin Oriental on Tuesday to grill Snap Inc. executives about how they're going to turn their popular disappearing-message app into a moneymaking machine.

 
Lloyds Reports Jump in Profit, Pumps Up Dividend

Lloyds Banking Group said its annual net profit more than quadrupled to its highest level in a decade as the bank benefited from a steep fall in conduct costs.

 
$100 Million Stolen in 'Criminal Scheme' at ABB

Swiss engineering company ABB said it uncovered a "sophisticated criminal scheme" in a South Korean subsidiary that led to about $100 million being stolen from the company.

 
U.S. Accelerates Iran Sanctions Probe of Deutsche Boerse Unit

Federal prosecutors in New York are pursuing a sanctions investigation into Deutsche Boerse AG's unit Clearstream Banking SA, and hope to resolve it with either a settlement or charges later this year, according to people familiar with the matter.

 
Carl Icahn Takes Stake in Bristol-Myers

The same day Bristol-Myers Squibb Co. shook up its board to satisfy one activist investor, the drugmaker was faced with another: Carl Icahn, whose interest is fueling speculation the company could soon be put on the auction block.

 
Auto Makers Ask EPA's Pruitt to Reverse Fuel-Economy Decision

A week before President Trump took office, the EPA decided to keep targets that called for auto makers to sell vehicles averaging 54.5 miles a gallon, or roughly 40 mpg in real-world driving, by 2025. The decision capped a review that wasn't expected to be completed until April 2018.

(END) Dow Jones Newswires

February 22, 2017 05:15 ET (10:15 GMT)

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