News Highlights: Top Company News of the Day

Date : 03/13/2018 @ 3:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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)

Copyright (c) 2018 Dow Jones & Company, Inc.
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