News Highlights: Top Equities Stories of the Day
September 03 2015 - 1:15AM
Dow Jones News
Syngenta to Sell Business Unit, Start Share Repurchase Program
Syngenta AG on Thursday moved to appease shareholders angered by
its rejection of a takeover from Monsanto Co., saying it will
divest its global vegetables seeds business and return more than $2
billion to shareholders. (published 0529 GMT)
Impala Platinum Holdings Ltd. Swings to Loss in Fiscal 2015, as Expectated
South-Africa based miner Impala Platinum Holdings Ltd. reported
Thursday that it swung to a loss in fiscal 2015, due to costs
associated with ramping up South African operations following a
five-month strike, lower metals prices, and the unexpected closure
of a Zimbabwe mine. (published 0549 GMT)
Costco Same-Store Sales Rose Significantly in Fiscal 2015
Costco Wholesale Corp. said Wednesday that sales in stores open
at least a year grew significantly during fiscal 2015, adding to a
string of strong sales figures for the warehouse retailer at a time
when competitors are reporting mixed results. (published 0257
GMT)
Rio Tinto Upbeat on Steel Outlook, Doubles Down on Costs
Rio Tinto PLC expressed confidence in the outlook for demand for
its iron ore on Thursday, as the company forecast global steel
demand to rise an average 2.5% a year until 2030. (published 0332
GMT)
Ayala Sells Part of Stake in Philippine Wind Farm to Mitsubishi Unit
Philippine conglomerate Ayala Corp. said Thursday it has sold a
part of its stake in North Luzon Renewable Energy Corp., the owner
and operator of an 81-megawatt wind farm north of Manila, to a unit
of its long-time partner Mitsubishi Corp. of Japan. (published 0328
GMT)
Proxy Advisor Glass Lewis Opposes BofA Board Proposal -- 2nd Update
Proxy advisory firm Glass Lewis & Co. is recommending
shareholders vote against a board proposal by Bank of America Corp.
that would let the bank's chief executive, Brian Moynihan, keep the
title of chairman. (published 0115 GMT)
Australia Defers Decision on Shell's Takeover of BG
Australia's antitrust regulator has given itself more time to
consider Royal Dutch Shell PLC's planned takeover of U.K.-based
oil-and-gas firm BG Group PLC. (published 0050 GMT)
Production Woes at Oil-Sands Giant Syncrude to Impact Full-Year Output
Canadian Oil Sands Ltd., the largest owner of the giant Syncrude
oil-sands project, said Wednesday that production of synthetic
crude would be "minimal" for two weeks after a weekend fire at
Syncrude's main plant, and that the lost production would impact
its annual output. (published 0017 GMT)
(END) Dow Jones Newswires
September 03, 2015 02:00 ET (06:00 GMT)
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