Capital raised this year from new listings on Brazil's stock market is set to top $10.6bn this week - the highest January to June total in the country's history. The FT reports.» Read More
NEW YORK/ LONDON, March 7- U.S. carmaker Chrysler has asked banks to pitch next month for a mandate to run a potential public listing of its shares, four people familiar with the matter said, as parent Fiat wrangles with minority shareholder VEBA over a possible buyout.
*Citigroup to exit non-core assets to raise cash. SAO PAULO, March 7- Citigroup Inc put its consumer finance units in Brazil up for sale, a source with knowledge of the situation told Reuters on Thursday, in a deal that might fetch the New York- based bank as much as 1.5 billion reais.
March 7- Kroger Co, the biggest U.S. supermarket operator, on Thursday reported a quarterly profit that easily topped Wall Street's expectations after it lured customers from rivals. The results from the Cincinnati- based grocer, which operates the Kroger, Ralphs, Smith's and Food 4 Less chains, sent shares up more than 3 percent in early trading.
March 7- Kroger Co, the biggest U.S. supermarket operator, said on Thursday it swung to a quarterly profit after total sales matched Wall Street's view. The Cincinnati- based grocer, which operates the Kroger, Ralphs, Smith's and Food 4 Less chains, reported fourth-quarter net earnings of $461.5 million, or 88 cents per share.
March 7- Colgate-Palmolive Co said it is planning a two-for-one stock split and a 10 percent increase in its dividend, i as the toothpaste maker believes it still has strong growth potential with its new products and a continued global expansion.
NEW YORK/ LONDON, March 7- U.S. carmaker Chrysler has asked banks to pitch next month for a mandate to run a potential public listing of its shares, four sources said, as parent Fiat wrangles with minority shareholder VEBA over a possible buyout.
TOKYO, March 7- Sharp Corp is likely to seek fresh bank loans to help it repay a $2.1 billion convertible bond due in September, with no further equity deals likely after Samsung Electronics Co agreed to buy a 3 percent stake in the company for $111 million, three sources familiar with the matter said.
*Macau casinos sink after MGM China stake sale. HONG KONG, March 7- Weakness in Chinese banks halted a two-day rebound in Hong Kong shares on Thursday, as investors took profit on the sector which had led previous gains, and rotated into laggards ahead of key U.S. and China data on Friday.
HONG KONG, March 7- China shares fell on Thursday, with the bulk of losses coming in the afternoon after comments from the Shanghai Stock Exchange chairman that initial public offerings could resume and pump more supply into the market.
March 6- Walt Disney Co shareholders on Wednesday re-elected the company's board, including Chairman and Chief Executive Bob Iger, and rejected an investor proposal to separate the roles of chairman and CEO in 2016, when Iger plans to leave the company.
In order to ensure they can withstand a severe economic crisis, financial institutions must have a "checkup."
March 6- Walt Disney Co shareholders re-elected Chief Executive Bob Iger and nine other board members on Wednesday and rejected a proposal by investors to separate the roles of chairman and CEO in 2016, when Iger plans to step down as chairman and leave the company.
March 6- Walt Disney Co shareholders re-elected Chief Executive Bob Iger and nine other board members on Wednesday and rejected a proposal by investors to separate the roles of chairman and CEO in 2016, the planned expiration of Iger's contract with the media and theme park giant.
*Founder Michael Dell offering $13.65/ share. The committee, which had been analyzing Dell's situation for more than five months, said in a statement on Wednesday that it had "negotiated aggressively" to ensure shareholders got the best possible value in agreeing to founder Michael Dell's $13.65 per share offer to take the company private.
March 5- An investor group headed by Warner Music owner Len Blavatnik is providing $60 million in financing to Beats Electronics LLC, the company co-founded by music mogul Jimmy Iovine and legendary record producer Dr.
TORONTO, March 5- Bank of Nova Scotia capped the Canadian bank earnings season with a better-than-expected 13 percent profit gain and a dividend hike, helped by higher markets-related income and the acquisition of Canadian online lender ING Direct.
*HSBC has been running down U.S. loans book. March 5- HSBC Holdings Plc has agreed to sell two portfolios of consumer loans in the United States for $3.2 billion in cash as part of a strategy to slim down its U.S. operations.
GENEVA, March 5- South Korean car maker Ssangyong Motor Co expects to return to profitability in 2015, its chief executive said on Tuesday, with the financial clout of its Indian parent helping it to update its product line.
March 5- Qualcomm Inc, the world's leading supplier of chips for cellphones, said it was raising its quarterly cash dividend by 40 percent and introduced a new $5 billion stock repurchase program, sending its shares higher in premarket trading.
*Lawsuit plaintiff held Facebook stock prior to IPO. March 4- A Facebook Inc shareholder has sued the social networking company's Chief Executive Mark Zuckerberg and others over its troubled IPO, potentially reviving legal claims that a different court dismissed in February.