COUNTRY GARDEN TO SELL 9.9% STAKE TO PING AN INSURANCE FOR $813 MILLION
Country Garden Holdings Co. will sell a 9.9% stake to a unit of
Ping An Insurance Co. of China, raising 6.3 billion Hong Kong
dollars to fund its property projects. (published 0028 GMT)
SHENGJING BANK TO BUY 20% STAKE IN HUAXIN TRUST
Shengjing Bank Co. agreed to buy a 20% stake in Huaxin Trust Co.
from Huaxin Huiton Group Ltd. for 3.17 billion yuan. (published
0034 GMT)
EU LAYS GROUNDWORK FOR ANTITRUST CHARGES AGAINST GOOGLE--UPDATE
Europe's competition regulator is preparing to move against
Google Inc. in the next few weeks, a person familiar with the
matter said Wednesday, setting the stage for charges against the
U.S. Internet-search giant in a five-year-old investigation that
has stalled three times and sparked a political firestorm.
(published 2311 GMT Wednesday)
MCDONALD'S TO RAISE HOURLY PAY FOR 90,000 WORKERS -- 3RD UPDATE
fresh evidence of the rising wage pressure in the American labor
market. (published 2320 GMT Wednesday)
CFTC SUES KRAFT, MONDELEZ FOR ALLEGED MANIPULATION OF WHEAT MARKET
The U.S. commodities regulator sued giant food companies Kraft
Foods Group Inc. and Mondelez Global LLC over alleged manipulation
of wheat prices in 2011, marking a fresh crackdown on how companies
outside the financial industry use derivatives markets. (published
2310 GMT Wednesday)
RADIOSHACK TO DEBUT STORES UNDER NEW OWNERSHIP
Meet the new RadioShack. After a brush with liquidation last
week, a reincarnated version of the chain will debut later in April
under the ownership of hedge fund Standard General LP with an
assist from Sprint Corp. (published 2254 GMT Wednesday)
JAMBA TO SELL 100 STORES FOR $36 MILLION -- UPDATE
Jamba Juice-owner Jamba Inc. plans to sell about 40% of its
company-owned stores to a franchisee group, the latest move by a
restaurant chain to shed the costs and complications of running
restaurants in pursuit of higher profit margins. (published 2234
GMT Wednesday)
GODADDY'S SHARES JUMP UP TO 34% IN MARKET DEBUT--3RD UPDATE
Shares of GoDaddy Inc., a technology provider to small
businesses, jumped 31% in their market debut Wednesday as investors
piled into the company known nearly as much for its racy television
commercials as it is for selling Web domains. (published 2051 GMT
Wednesday)
QBE INSURANCE SAYS STRONG US DOLLAR ERODING REVENUE
QBE Insurance Group Ltd. said Thursday a strengthening U.S.
dollar would likely lead it to book lower premium revenue in 2015.
(published 2208 GMT Wednesday)
BRAZIL'S PETROBRAS OBTAINS $3.5 BILLION IN FINANCING FROM CHINA DEVELOPMENT BANK
Brazil's state-run Petroleo Brasileiro SA said on Wednesday it
signed a $3.5 billion financing deal with the China Development
Bank, highlighting the oil giant's deteriorating financial
condition in the wake of a vast corruption scandal as well as
China's growing ties to Latin America. (published 2117 GMT
Wednesday)
MORGAN STANLEY CEO GORMAN GETS 25% PAY RAISE IN 2014--2ND UPDATE
Morgan Stanley paid its top executive $22.5 million for his work
in running the Wall Street firm in 2014, a 25% raise from a year
earlier. (published 2049 GMT Wednesday)