PRESS DIGEST- Financial Times - Oct 21
Oct 21 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Oct 14 Xoma Corp
* Xoma announces reverse stock split
* Board of directors then determined that split would be at a ratio of 1-for-20
* Xoma Corp - Xoma's board of directors then determined that split would be at a ratio of 1-for-20
* Xoma Corp - company expects reverse stock split to become effective october 17, 2016 Source text for Eikon: Further company coverage:
Oct 20 Microsoft Corp said sales of its flagship cloud product doubled in its first quarter, propelling earnings above analysts' estimates and sending its shares to an all-time high, breaking past a level hit in 1999 at the peak of the tech stock bubble.
CALGARY, Alberta, Oct 20 Royal Dutch Shell Plc said on Thursday it is selling $1.03 billion worth of non-core oil and gas properties in western Canada to Tourmaline Oil Corp, the latest example of the global oil major trimming its operations in the region.