JBS BUYS AUSTRALIAN MEAT PRODUCER
Brazil's JBS SA, the world's biggest meat producer by sales,
agreed to buy Australia's Primo Group for 1.45 billion Australian
dollars, as global food companies continue to ramp up their
operations to serve rising Asian demand. (published 0021 GMT)
ALIBABA BECOMES WALL STREET'S FAVORITE CUSTOMER -- 3RD UPDATE
Wall Street has a new favorite customer: Alibaba Group Holding
Ltd. The Chinese e-commerce company has emerged as this year's
biggest source of fees for banks working on capital-markets deals.
After its $25 billion initial public offering in September, the
largest in history, the Chinese Internet company on Thursday sold
$8 billion in bonds, one of the largest corporate-bond deals of the
year. (published 0019 GMT)
GAP SHAKES UP MANAGEMENT OF NAMESAKE BRAND-- UPDATE2
Gap Inc. overhauled the leadership of its struggling namesake
brand and said its profit would be weaker than expected this year.
(published 0015 GMT)
INTEL PROJECTS MORE GROWTH IN 2015 -- UPDATE
Intel Corp. projected more growth next year, as an improving
personal computer market and newer bets pay off for the chip maker.
(published 2132 GMT Thursday)
NIKE BOOSTS QUARTERLY DIVIDEND 17%
Nike Inc. plans to raise its quarterly dividend by 17%, marking
the 13th consecutive year the athletic retailer has increased its
payout. (published 2221 GMT Thursday)
GENERAL MOTORS MAKES SENIOR MANAGEMENT SHIFTS
General Motors Co. is shifting some senior managers in moves
that divide up global quality and customer-experience activities,
while placing responsibility for all the U.S. automaker's
customer-facing centers under single leadership. (published 2211
GMT Thursday)
YUM SETS ASIDE $1 BILLION FOR BUYBACKS -- UPDATE
Yum Brands Inc. is setting aside $1 billion for possible share
buybacks through May 31, 2016, the company said Thursday.
(published 2341 GMT Thursday)
BNP PARIBAS CUTS EIGHT FROM U.S. JUNK-BOND TRADING TEAM --SOURCES
BNP Paribas SA has cut a group of junk-bond salesmen in the
U.S., including team head Kevin Cook, according to people familiar
with the matter. (published 2355 GMT Thursday)
NEW MEDIA INVESTMENT GROUP TO BUY HALIFAX MEDIA NEWSPAPERS
New Media Investment Group Inc. said Thursday that it has
reached an agreement to buy all of the newspapers owned by the
Halifax Media Group for $280 million in a sign of further
consolidation and retrenchment in the struggling newspaper
business. (published 2351 GMT Thursday)
BEST BUY SALES BOUNCE BACK AHEAD OF HOLIDAYS -- 3RD UPDATE
Best Buy Co. sales grew at their fastest rate in more than four
years, helped by more disciplined marketing, greater investments by
suppliers in its stores and brisk demand for the new iPhone.
(published 2133 GMT Thursday)
ARVIDA GROUP'S SHARES PRICE AT 95 NZ CENTS A SHARE
Arvida Group said Friday there was strong demand for its initial
public offering from New Zealand and Australian institutions as the
price was set at 95 New Zealand cents a share . (published 2348 GMT
Thursday)
RYMAN HEALTHCARE SAW 1ST HALF NET PROFIT RISE SHARPLY
Ryman Healthcare Ltd. saw net profit for the six months ended
Sep. 30 rise sharply as revenue grew and unrealized valuation gains
boosted the bottom line. (published 2008 GMT Thursday)
JANA PARTNERS CONSIDERS NOMINATING PETSMART DIRECTOR SLATE -- UPDATE
PetSmart Inc. shareholder Jana Partners LLC, the hedge fund that
has been pushing for a sale of the pet-goods retailer, said it is
considering nominating five people to the company's board.
(published 2257 GMT Thursday)
HERTZ NAMES FORMER UNITED AIRLINES EXECUTIVE CEO -- 2ND UPDATE
Hertz Global Holdings Inc. named former United Airlines
executive John P. Tague as the car-rental company's next chief
executive. (published 2331 GMT Thursday)