News Highlights: Top Equities Stories Of The Day
August 28 2015 - 8:35AM
Dow Jones News
Mylan Holders Approve Perrigo Purchase
Mylan said Friday that its shareholders have approved its
proposed $35.6 billion takeover of Perrigo and it will launch a
formal offer soon.
Big Lots Tops Expectations, Lifts Guidance
Big Lots said second-quarter adjusted profit rose in the latest
quarter, as the deep discounter posted another same-store sales
increase amid merchandising improvements.
Scotiabank Profit Meets Expectations
Bank of Nova Scotia's fiscal third-quarter earnings met
expectations, and the lender raised its quarterly dividend.
Hermès Warns of Currency Pressure
French luxury-goods company Hermès International warned that
volatile currencies will erode its profitability in the second half
of the year with profit seen rising more slowly than sales.
Investor Group May Cut Bid for China's Qihoo 360
The consortium has offered $9 billion for the tech firm in what
would be the largest take-private deal of a U.S.-listed Chinese
company.
Bob Evans Names Arby's Veteran Doug Benham as Executive Chair
Bob Evans on Friday tapped Arby's veteran Douglas N. Benham to
lead the company in a newly-created executive chair role until the
company finds a new chief executive.
U.K. E-Cigarettes Report Blasted by the Lancet
A recent U.K. government report that called electronic
cigarettes 95% less harmful than traditional cigarettes has been
criticized by the Lancet medical journal for relying on "flimsy"
evidence.
China Huarong Asset Management Gets Approval for $3 Billion IPO
A listing by China's largest bad-loan buyer by assets could be
one of the biggest in the region this year.
UberChina Closing In on $1 Billion in New Funding
The Chinese affiliate of Uber is close to securing about $1
billion in new funding from investors in the region, part of the
ride-hailing company's rivalry with deep-pocketed Chinese rival
Didi Kuaidi.
United Continental, Activision to Join S&P 500
United Continental Holdings and Activision Blizzard will join
the S&P 500 while Pall and Hospira will leave the benchmark
index.
Luxury Brands Push Deeper Into India
As sales growth slows in China and other big markets,
luxury-goods makers are seeking to cash in on patches of new wealth
in often-unexpected parts of India, where there is a growing
appetite for luxury brands.
(END) Dow Jones Newswires
August 28, 2015 08:20 ET (12:20 GMT)
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