WH Group Seeks May 8 Listing

Wall Street Journal: US Business - 3 hours 44 min ago
Chinese pork producer WH Group, which has delayed its Hong Kong IPO and slashed its size, will seek to list May 8 and raise $1.34 billion to $1.88 billion.

Macau Mogul to Raise Stake in Russia

Wall Street Journal: US Business - 3 hours 56 min ago
A consortium backed by Lawrence Ho is planning to raise its stake in a casino project on the outskirts of Vladivostok as the gambling mogul expands his empire beyond Macau and into far eastern Russia.

China Factory Activity Still Weak

Wall Street Journal: US Economy - 4 hours 20 min ago
A still-weak but relatively stable outlook for factory activity in China could ease pressure on Beijing to step up targeted stimulus measures.

Ericsson's Revenue Falls Sharply

Wall Street Journal: US Business - 4 hours 21 min ago
Sweden's Ericsson reported an unexpectedly sharp decline in revenue for the first quarter, blaming lower revenue in North America and Japan which was only partly offset by growth in China, the Middle East and Latin America.

Scania Shareholder Alecta Rejects VW Bid

Wall Street Journal: US Business - 4 hours 35 min ago
Swedish pension fund Alecta said it would reject Volkswagen's offer to buy out minority shareholders in truck maker Scania.

Australia to Buy 58 F-35 Jet Fighters

Wall Street Journal: US Business - 4 hours 43 min ago
Australia said it would buy 58 Lockheed Martin F-35 Joint Strike Fighters in a deal worth about US$12 billion.

ARM Posts Higher Profit

Wall Street Journal: US Business - 4 hours 53 min ago
Computer chip designer ARM Holdings reported a rise in first-quarter profit boosted by demand for its technology for a growing range of products including so-called supercomputers and sensors.

Newcrest Mining Cuts Jobs

Wall Street Journal: US Business - Tue, 04/22/2014 - 23:29
Newcrest Mining Ltd. said it cut hundreds of jobs in Papua New Guinea in a push toward austerity. The decision comes after the company launched a raft of cost-cutting projects across its operations last quarter.

China Trust-Sector Growth Slows

Wall Street Journal: US Business - Tue, 04/22/2014 - 23:27
The growth of assets managed by China's trust companies moderated as the economy lost momentum and regulators stepped up supervision over the rapidly expanding "shadow-banking" sector.

Global Drug Industry Does About-Face

Wall Street Journal: US Business - Tue, 04/22/2014 - 23:14
After decades of broadening their drug portfolios through acquisitions, pharmaceutical companies are reversing course to focus more narrowly on what they think they can do best.

Pure Storage Poised to Boost Lofty Valuation

Wall Street Journal: US Business - Tue, 04/22/2014 - 22:57
Pure Storage, which is trying to remake corporate-data storage with technology that originated in smartphones, is poised to join the world's most richly valued startups.

U.S. to Move Troops Amid Ukraine Tensions

Wall Street Journal: US News - Tue, 04/22/2014 - 21:59
The Pentagon said U.S. troops would be sent for exercises in Eastern Europe to reassure allies on Russia's border, after Ukraine accused pro-Russian separatists of killing two people and shooting at a military plane.

Hess Sells Thai Assets for $1 Billion

Wall Street Journal: US Business - Tue, 04/22/2014 - 21:21
Hess Corp. is selling its Thai assets for around $1 billion in the latest of a string of deals by U.S. companies as they switch focus back to North America.

Three Chinese Securities Firms File IPO Plans

Wall Street Journal: US Business - Tue, 04/22/2014 - 21:11
China's three securities firms filed their IPO plans, kicking off a fresh round of capital raising for the nation's brokerages.

China Resources Names New Chairman

Wall Street Journal: US Business - Tue, 04/22/2014 - 20:29
China Resources said Wednesday that it named Fu Yuning chairman, replacing Song Lin, who has been stripped of his post and is under investigation.

Vote Rejecting UAW at Plant Is Certified

Wall Street Journal: US News - Tue, 04/22/2014 - 20:15
The NLRB certified a February election in which the UAW was rejected by workers at a Volkswagen plant in Tennessee, bringing to an end a two-month battle over the result.

Small Fish, Big Water Fight

Wall Street Journal: US News - Tue, 04/22/2014 - 19:59
As water managers parcel out the scarce commodity to cities and farmers in a prolonged drought, environmentalists threaten to sue them for not leaving enough for a fish called the Rio Grande silvery minnow.

Abe's Military Plan May Rattle Region

Wall Street Journal: US News - Tue, 04/22/2014 - 19:43
Japan's prime minister is pushing to remove six-decade-old constraints on his country's military, a goal that the Obama administration said it supports.

Gilead's Results Boosted by Hepatitis Drug

Wall Street Journal: US Business - Tue, 04/22/2014 - 19:15
Gilead Sciences reported nearly $2.3 billion in first-quarter sales for its new hepatitis C treatment Sovaldi in what is believed to be the best-selling prescription drug launch in history.

Fed Looks Likely to Stick to Path

Wall Street Journal: US News - Tue, 04/22/2014 - 18:37
Fed officials are on track to reduce their monthly bond buying to $45 billion at their policy meeting next week and stick with a communications approach that leaves investors with a little uncertainty about when it will start raising interest rates.

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