News Highlights: Top Equities Stories Of The Day
February 12 2016 - 6:03AM
Dow Jones News
Commerzbank Returns to Profit as Revenue Rises
Germany's Commerzbank said it would pay its first dividend in
five years and expects net profit to grow slightly this after
swinging back into the black in the fourth quarter, helped by
higher revenue and falling bad-loan provisions.
Rolls-Royce Cuts Dividend as Profit Falls
Rolls-Royce has slashed its full-year dividend 39%, the first
cut in its shareholder payment since 1992, though investors
embraced the lack of further bad news prompting shares to rise more
than 12%.
Italian Banks Close In on Merger
Italy's Banco Popolare is closing in on a merger deal Banca
Popolare di Milano that would create Italy's third largest banking
group by assets.
Thyssenkrupp Swings to Net Loss
German industrial conglomerate Thyssenkrupp AG swung to a
first-quarter loss, hurt by weakness in the steel and materials
businesses as well as high tax expenses.
Renault Profit Jumps Despite Russia Loss
French auto maker Renault reported a jump in profit and raised
its dividend despite a loss at its Russian unit.
Glaxo Fined $53 Million in Generic Drug Delay Ruling
The U.K.'s competition regulator has imposed a fine on the
pharmaceutical company GlaxoSmithKline for trying to delay the
potential entry of competitors into the U.K. generic-drugs market
for antidepressant drug paroxetine.
J.P. Morgan CEO Buys 500,000 of Bank's Shares
J.P. Morgan Chase & Co. Chairman and Chief Executive James
Dimon bought 500,000 of his bank's shares Thursday, a person
familiar with the matter said.
SingTel's Third Quarter Net Profit Hurt by Currency
Singapore Telecommunications Ltd. reported a 1.7% year-on-year
fall in its net profit in the fiscal third quarter, mainly because
the Singapore dollar gained against the currencies of countries
where the firm has businesses.
Google Bends to European Pressure on Right to be Forgotten Rule
Alphabet Inc.'s Google will expand how it applies Europe's
right-to-be-forgotten rule for search engines, bending to demands
from privacy regulators.
Facebook Moves to Find, Block Terrorist Content
Facebook, under pressure from government officials, is more
aggressively policing material it views as supporting
terrorism.
Lawsuit Says Carlyle Misled Investors About Risky Bet at Hedge Fund
A former portfolio manager at a hedge fund firm owned by Carlyle
Group LP has sued the company, saying the fund's partners misled
investors about the size of a losing bet tied to shipping
rates.
(END) Dow Jones Newswires
February 12, 2016 05:48 ET (10:48 GMT)
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