SPRINGLEAF NEARS $4.25 BILLION DEAL FOR CITIGROUP'S ONEMAIN -- UPDATE
Lender Springleaf Holdings Inc. is nearing a deal to buy
Citigroup Inc.'s OneMain Financial for about $4.25 billion, a
purchase that would create a new U.S. subprime giant, said people
familiar with the matter. (published 0036 GMT)
SOCAM DEVELOPMENT TO SELL STAKE IN CEMENT JOINT VENTURE FOR HK$2.55 BILLION
SOCAM Development Ltd. agreed to sell its entire stake in a
cement making joint venture to its French partner for 2.55 billion
Hong Kong dollars . (published 0039 GMT)
ATHABASCA OIL RECEIVES PAYMENT FROM PETROCHINA CANADIAN UNIT
Athabasca Oil Corp. on Monday said it received the first of
three payments owed to it by one of China's largest state-run
energy companies, part of a deal announced last summer to complete
the sale of a Canadian oil-sands project. (published 0032 GMT)
KAISA GROUP PROPOSES RESTRUCTURING OF CNY47.97 BILLION ONSHORE DEBT
Troubled Chinese property developer Kaisa Group Holdings Ltd. is
seeking to restructure 47.97 billion yuan worth of onshore debt by
extending payment terms and reducing interest payments. (published
0038 GMT)
AMERICAN REALTY CAPITAL PROBE REVEALS WEAK FINANCIAL CONTROLS -- 4TH UPDATE
The results of an internal investigation into accounting
irregularities at American Realty Capital Properties Inc. came as a
relief to shareholders, as the troubled real-estate investment
trust reported a clean bill of health for its property portfolio.
(published 0010 GMT)
COSTCO NAMES CITI, VISA AS NEW CREDIT PARTNERS -- 4TH UPDATE
Citigroup Inc. and Visa Inc. won the sought-after credit-card
contract for Costco Wholesale Corp., in a move that will
significantly expand the kind of plastic that is accepted at the
warehouse giant. (published 2342 GMT Monday)
WYNN RESORTS SEEKS TO BLOCK ELAINE WYNN FROM BOARD -- UPDATE
Wynn Resorts Ltd. is seeking to block Elaine Wynn--a major
shareholder, longtime director and the former wife of company
Chairman and CEO Steve Wynn--from its board, in the latest tussle
at the casino operator with resorts in Las Vegas and Macau.
(published 2310 GMT Monday)
KCG HOLDINGS' MARKET-MAKING UNIT HEAD GEORGE SOHOS RESIGNS -- UPDATE
George Sohos, the longtime head of KCG Holdings Inc.'s
profitable market-making division, has resigned from the company
effective immediately, the company said. (published 2256 GMT
Monday)
MORGAN STANLEY EXPECTS SUIT FROM NY AG OVER MORTGAGE BONDS -- 2ND UPDATE
Morgan Stanley said the New York Attorney General's Office plans
to sue the firm alleging it had misled investors in bonds tied to
subprime mortgages. (published 2248 GMT Monday)
SUNCORP SET TO MISS RETURN-ON-EQUITY TARGET
A raft of claims for damages caused by last month's tropical
cyclone that battered Australia's east coast likely means insurer
Suncorp Group Ltd. won't hit its 10% return-on-equity target this
financial year. (published 2200 GMT Monday)
CAESARS REVENUE RISES 6.3%
Caesars Entertainment Corp. reported that its revenue rose 6.3%
during the fourth quarter, as growth in food and beverage sales and
room revenue provided an additional boost to modestly higher casino
revenue. (published 2135 GMT Monday)
PEPSICO, COCA-COLA HELLENIC EACH CLOSING A PLANT IN RUSSIA--UPDATE
PepsiCo Inc. and Coca-Cola Hellenic Bottling Co. AG are closing
one plant each in Russia, citing a plunge in the value of the
Russian ruble and an unfavorable economic situation. (published
2103 GMT Monday)
TAKATA INCREASING PRODUCTION OF REPLACEMENT KITS FOR FAULTY AIR BAGS -- 2ND UPDATE
Takata Corp. on Monday said it is ramping up production of
replacement kits for defective air bags amid widespread recalls and
federal probes. (published 2055 GMT Monday)
WPX TO LAYOFF 83 WORKERS, CONSOLIDATE OPERATIONS -- UPDATE
WPX Energy Inc. is laying off 83 workers and consolidating
operations to its headquarters, citing sharply lower commodity
prices. (published 2233 GMT Monday)