News Highlights: Top Equities Stories of the Day
May 03 2016 - 11:15PM
Dow Jones News
Credit Suisse Agrees to Sell Distressed-Debt Portfolio to TSSP for $1.27 Billion -- Sources
Credit Suisse Group AG agreed to sell a big chunk of
distressed-debt (published 0125 GMT)
Australia's Stockland Lauds Tax Cuts, Lower Interest Rates
Stockland is expecting Tuesday's tax cuts and lower official
interest rates to stimulate its retail and residential property
businesses, making it easier to achieve its earnings guidance.
(published 0138 GMT)
Shandong Weigao Group Plans to Sell Unit to an A-Share Listed Company
Shandong Weigao Group Medical Polymer Co. plans to sell its
wholly-owned unit, Shandong Weigao Orthopaedic Device Co., to an
A-share listed company in exchange for a major stake in the buyer.
(published 0122 GMT)
Petrobras Sells Stakes in Argentina and Chile Units
Brazilian state-run oil firm Petróleo Brasileiro SA said late
Tuesday that it has sold stakes in its Argentina and Chile
subsidiaries, some of the first positive signs that the company's
aggressive effort to shed assets is gaining traction. (published
0107 GMT)
Carlyle Hires Bank to Explore Sale of Stake in French Orthopedic Implant Maker
Carlyle Group has hired investment bank Natixis to explore a
sale of its stake in French medical equipment company Groupe Marle,
according to people familiar with the process. (published 0045
GMT)
BHP, Vale Face $44 Billion Lawsuit Over Brazil Dam Disaster
Brazilian federal prosecutors filed a civil lawsuit Tuesday
demanding that mining companies responsible for a catastrophic dam
failure in November shell out up to 155 billion reais for cleanup
and remediation, far more than the government initially estimated.
(published 0024 GMT)
Skyway Securities to Raise HK$720 Mln in Share Issuance
Skyway Securities Group Ltd. said after trading hours Tuesday it
will raise a total of 720 million Hong Kong dollars by issuing new
shares. (published 0034 GMT)
China Ruifeng Renewable Energy Holdings Reduces Stake in Langcheng to 48.56% From 95%
China Ruifeng Renewable Energy Holdings Ltd. said after trading
hours Tuesday it was paring back its stake in Hexigten Qi Langcheng
Ruifeng Electric Development Co. Ltd., a wind farm, in order to
unlock cash for general working capital and for future investments.
(published 0022 GMT)
Renheng Enterprise Holdings: Chairman and CEO Wei Sheng Peng Passes Away
Renheng Enterprise Holdings Ltd. said before trading hours
Wednesday that Chairman, CEO and company founder Wei Sheng Peng has
passed away and that his widow, Liu Li, has been appointed Chairman
and CEO in his place, effective immediately. (published 0042
GMT)
Seven Banks Agree to Settle ISDAfix Suit -Reuters
Seven major banks have agreed to pay a combined $324 million to
settle a lawsuit alleging illegal activity related to the ISDAfix
rate, Reuters reported Tuesday. (published 0019 GMT)
Shui On Land to Dispose of Two Properties for CNY3.37 Bln and CNY1.13 Bln
Chinese developer Shui On Land Ltd. said after trading hours
Tuesday it will dispose of two commercial properties in Hubei
province due in part to 'prevailing market conditions.' (published
0002 GMT)
Pemex Chief: Mexico's Oil Giant On Track to Meet Spending-Cut Goals
On his second day as the head of state-oil giant Petróleos
Mexicanos this past February, José Antonio González Anaya got an
early glimpse of what his new job would be like: He canceled an
expensive contract to buy 40,000 computers. (published 2251 GMT
Tuesday)
(END) Dow Jones Newswires
May 03, 2016 23:00 ET (03:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.