News Highlights: Top Equities Stories Of The Day
February 08 2016 - 6:13AM
Dow Jones News
DP World Warns of Challenging Times for Global Trade
DP World has warned of difficult times ahead for global trade
after growth in container volumes handled by its global network of
ports slowed sharply last year despite improved activity in Europe
and the United Arab Emirates.
Anglo American Platinum Pushed to Loss by Write-Downs
Anglo American Platinum said that impairments and restructuring
costs pushed it to a net loss in 2015 as the world's top producer
of the precious metal battles low platinum prices.
Credit Suisse CEO Asks Board to Cut His Bonus After Weak Results
The CEO of Credit Suisse has asked his board to slash his bonus,
after the Swiss bank posted quarterly results that sent its share
price tumbling lower.
Airbus Switches Engine Type for First A321neo Flight
Airbus Group has dropped plans to use engines made by Pratt
& Whitney for the maiden flight of the A321neo aircraft in
favor of ones manufactured by CFM International.
Ford to More Than Double Mexico Production Capacity in 2018
Ford Motor Co. will build a new assembly plant in Mexico and
sharply increase Mexican factory output, representing the latest
shift of investment abroad by a Detroit auto maker after the
signing of a costly labor deal.
Asciano Bidding Heats Up
A bidding war worth more than $6 billion is intensifying between
a Canadian investment firm and an Australian logistics company for
port-and-rail operator Asciano.
Thailand's TCC in $3.46 Billion Deal for Groupe Casino's Big C Stake
Groupe Casino has agreed to sell its stake in Thai hypermarket
operator Big C Supercenter for $3.46 billion to a Thai billionaire,
marking a major step in the French grocer's plans to cut its
debt.
Toshiba Faces Tight Deadline for Restructuring Plan
Troubled electronics maker Toshiba is facing a tight deadline
for mapping out a restructuring plan that has been made more
difficult by the ambiguous role of the Japanese government.
Cliffs Natural Resources to Settle Securities Lawsuit
Cliffs Natural Resources on Sunday said it agreed to settle a
pending federal securities lawsuit related to the company's former
Bloom Lake iron-ore mine in Canada for $84 million.
Two Workers Killed, Eight Injured in Pemex Platform Fire
A fire at an offshore platform run by PetrĂ³leos Mexicanos killed
two workers and injured eight, the Mexican state oil company
said.
(END) Dow Jones Newswires
February 08, 2016 05:58 ET (10:58 GMT)
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