News Highlights: Equities Stories Of The Day
25 October 2016 - 11:15AM
Dow Jones News
Monte dei Paschi to Cut Jobs, Sell Units in Bid to Win Support
for Rescue Plan
Troubled Italian lender Monte dei Paschi said it would cut 2,600
jobs, shut 500 branches and sell business units as part of a
make-or-break plan aimed at persuading skeptical investors to buy
into a multibillion-euro capital increase.
Novartis Profit Helped by GlaxoSmithKline Joint Venture
Novartis said net income increased in the third quarter thanks
to proceeds from its consumer health joint venture with
GlaxoSmithKline, helping to offset declining revenue and heavy
investment in its new heart-failure medicine and its ailing
eye-care unit.
Orange Profit Up as International Sales Grow
Orange sales growth picked up slightly in the third quarter but
a drop in revenue in its home market of France weighed on
results.
Syngenta-ChemChina Deal Closing Likely to Be Delayed
Swiss seed and pesticide maker Syngenta said regulatory approval
of its proposed acquisition by ChemChina is likely to be delayed
into early 2017 as regulators seek more information amid a
consolidation wave in the sector.
Security Worries Led Germany to Question Chinese Takeover of
Aixtron
The German government reopened its review of a $728.89 million
Chinese takeover of chip equipment maker Aixtron because of
security concerns, the buyer said.
IBM in Settlement Talks With Australia Over Botched Online
Census
International Business Machines is negotiating a settlement with
Australia's government over a bungled effort to oversee the
country's first online census.
DP World Container Volumes Rise in Tough Trading Conditions
Dubai-based port operator DP World handled more containers in
the first nine months of the year compared with the same period
last year, helped by higher volumes in Europe and India, though its
home terminal processed less cargo.
(END) Dow Jones Newswires
October 25, 2016 06:00 ET (10:00 GMT)
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