News Highlights: Top Company News of the Day
March 13 2018 - 5:30PM
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.
Merrill Lynch Bolsters Business Serving Richest Clients
Merrill Lynch is beefing up its ultra-high-net-worth client
group as the Wall Street brokerage works to pull in new assets and
offer a wider range of wealth-management services.
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.
Amazon Recalls Portable Battery Chargers
Amazon is voluntarily recalling about 260,000 of its
AmazonBasics portable battery chargers due to potential fire and
chemical burn risks, according to the U.S. Consumer Product Safety
Commission.
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.
Duff & Phelps to Buy Corporate-Investigations Firm Kroll
Duff & Phelps said it would buy investigations and
risk-consulting firm Kroll Inc., the latest in a series of
acquisitions by the U.S. corporate-finance adviser.
Tax Revamp Drives Corporate Chiefs' Outlook to 15-Year High
Chief executives of America's largest companies raised their
outlook for spending, hiring and sales to the highest level in 15
years following the U.S. tax overhaul. But tariffs are
worrisome.
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 Names A+E's Nancy Dubuc as CEO
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.
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.
(END) Dow Jones Newswires
March 13, 2018 17:15 ET (21:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.