News Highlights: Top Equities Stories Of The Day
31 May 2016 - 11:18AM
Dow Jones News
Volkswagen Returns to Profit
Volkswagen swung back to profit in the first quarter with the
absence of new provisions against earnings feeding optimism that
the German car maker is over the worst of the diesel crisis.
Alliance Trust Receives Merger Approach From Rothschild's RIT
Scottish investment company Alliance Trust said it has received
an informal merger approach from Jacob Rothschild's RIT Capital
Partners, paving the way to a possible deal that would create a
firm worth over $7 billion.
Air France-KLM Discusses Selling Stake in Catering Unit to China's HNA
Air France-KLM said it is in exclusive talks to sell a 49.99%
stake in its airline catering unit, Servair, to China's HNA
Group.
Jazz Pharmaceuticals Agrees to Buy Celator for About $1.5 Billion
Jazz Pharmaceuticals agreed to buy Celator Pharmaceuticals in a
roughly $1.5 billion deal that represents a huge premium for a
company with a promising leukemia drug but no revenue.
Indonesia Eyes Tax to Reduce Plastic Trash
Parliament will debate a tax it hopes would curb a source of
garbage that is choking the country.
Trial Set to Open in Legal Battle Pitting H-P, Oracle
Jurors are set to convene Tuesday to consider a lengthy legal
dispute centered on Oracle's alleged role in the decline of one of
the former Hewlett-Packard's most lucrative products. The lawsuit
seeks $3 billion in damages.
(END) Dow Jones Newswires
May 31, 2016 06:03 ET (10:03 GMT)
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