News Highlights: Top Company News of the Day
August 21 2017 - 3:30AM
Dow Jones News
Sempra Energy Reaches Deal to Buy Oncor After Outbidding Berkshire
Sempra Energy has reached a deal to buy Oncor for $9.45 billion
after swooping in to snatch the power-transmission company away
from Warren Buffett's Berkshire Hathaway.
Samsung Broadens Its Drugs Business
The Samsung conglomerate is furthering its efforts to build a
full-fledged prescription-drugs business, signing its first deal to
develop novel drugs for hard-to-treat diseases.
Fortescue Metals Lifts Dividend Guidance Ratio After Jump in Profit
Fortescue Metals Group Ltd. has flagged a more aggressive
dividend payout after annual profit more than doubled on the back
of strong iron-ore prices and ongoing efforts to lower production
costs.
B&G Foods Gobbles Up SnackWell, Back to Nature Brands
B&G Foods has struck a deal to buy SnackWell's cookies and
Back to Nature granola bars for $162.5 million, adding to its
stable of older brands that have faltered as eating habits
change.
Parts Suppliers Take a Hit From the Amazon Effect
Amazon.com Inc. is joining a host of online sellers shaking up
the roughly $130 billion market for industrial parts used by
plumbers, electricians and manufacturers.
Investors Pull Back From Gundlach's Biggest Fund at DoubleLine
Bond investors once eager to be in Jeffrey Gundlach's white-hot
DoubleLine Total Return bond fund have pulled out $8.5 billion
since its September 2016 peak-an abrupt reversal for the outspoken
fund manager.
Samsung Investors Await Note 8 Launch and Scandal Verdict
For Samsung Electronics, the launch this week of a new
smartphone and a court ruling for its detained de facto leader may
offer closure and clarity for a company rocked by two scandals over
the past year.
Alipay, WeChat Take Battle for Mobile-Payment Dominance Overseas
China's tech titans are expanding into foreign markets, signing
partnerships with merchants in Southeast Asia and Europe and
looking to invest in payment systems in other countries.
Tech Censorship of White Supremacists Draws Criticism From Within Industry
A prominent privacy group has questioned the power a few
corporations have to censor, as the number of tech companies
blocking white supremacists and a neo-Nazi website grow.
Google Searches for Ways to Boost News Subscriptions
The tech giant is working on new tools to help news
organizations sell their wares, a move that could help ease its
strained relationship with publishers.
(END) Dow Jones Newswires
August 21, 2017 03:15 ET (07:15 GMT)
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