News Highlights: Top Company News of the Day
March 13 2018 - 3:30PM
Dow Jones News
In U.S.-China Tech Rivalry, Whose Side Is Qualcomm On?
Qualcomm's strategic value to the U.S. saved it from a hostile
takeover, but the mobile-chip giant is now at the center of an
escalating tech rivalry between its home country and its biggest
market: China.
Ten Years After the Bear Stearns Bailout, Nobody Thinks It Would Happen Again
Ten years ago, with Bear Stearns on the brink, the Fed
intervened with a noncommercial bank for the first time since the
Great Depression. Key players have spent the last decade arguing
about what was done, defending decisions and wondering how such a
crisis would play out today.
Volkswagen Vows to Overtake Tesla With World's Largest Electric-Car Fleet
The German car giant has pulled into Tesla's rearview mirror and
vowed to overtake the electric-vehicle pioneer with an extensive
rollout of battery and hybrid models over the next five years, as
well as new production facilities.
Vice Media's Shane Smith Passes CEO Title to A+E's Nancy Dubuc
Shane Smith, the co-founder, brand avatar and most visible face
of Vice Media, is handing the chief-executive position over to A+E
Networks CEO Nancy Dubuc as he steps into the role of executive
chairman.
Gun Maker Remington Plans to File for Bankruptcy Protection
Remington, a gun manufacturer that private-equity owner Cerberus
spent more than a decade building into an industry giant, is now on
the brink of bankruptcy as it copes with a heavy debt load and
volatile gun sales.
Stockholders Approve CVS Health's Acquisition of Aetna
CVS Health Corp. and Aetna Inc. stockholders have voted to
approve the pharmacy company's acquisition of the health
insurer.
Dick's Says Firearms Restrictions Turned Away Some Customers
Dick's Sporting Goods said its decision to no longer sell guns
to anyone under 21 years old has hurt traffic and exacerbated
headwinds to its hunting and gun business.
KPMG, Deloitte, BDO To Pay Fines Over Audit At South African Company
Foreign affiliates of accounting firms KPMG, Deloitte Touche
Tohmatsu and BDO agreed Tuesday to pay a total of about $390,000 to
settle Securities and Exchange Commission allegations that they
improperly used other firms to help them audit a South African
company.
DSW Abandons E-commerce Start-Up Ebuys
Shoe retailer DSW Inc. is shuttering its Ebuys business, calling
it quits on an e-commerce company it bought for $62.5 million just
two years ago.
SL Green Sells Property to Prop Up Its Share Price
SL Green is selling real-estate assets into the private market
at high values and using the proceeds to buy back its own public
shares at discounted prices.
(END) Dow Jones Newswires
March 13, 2018 15:15 ET (19:15 GMT)
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