News Highlights: Top Company News of the Day
August 10 2018 - 7:30AM
Dow Jones News
Tesla Board's Independence Faces Tough Test
Elon Musk's surprising buyout idea for Tesla puts the spotlight
on its board members, most of whom have close business or personal
relationships with the electric-car company's leader.
Nike Hit With Lawsuit From Ex-Employees Alleging Discrimination
Two women filed a lawsuit against Nike, alleging it
discriminated against them, the latest development in a
workplace-culture scandal at the company.
Qualcomm, Taiwan Reach Settlement in Patent-Licensing Dispute
Qualcomm notched a victory in its effort to preserve its
patent-licensing business, saving the company nearly $700 million
in fines.
Germany's Merck Boosts Hedges Against Currency Gyrations
German drugmaker Merck KGaA ramped up its currency hedging
efforts in recent months as wild swings in exchange rates took a
bite out of earnings.
Publishers Tire of Revolving Door in Barnes & Noble's C-Suite
Book-publishing executives expressed concerns to Barnes &
Noble about continuing management instability at the retail giant
and the direction of the business, in the wake of the sudden firing
last month of Demos Parneros as chief executive.
Third Point, Campbell Heir Push Soup Maker to Sell
Activist investor Third Point LLC is pushing for a sale of
Campbell Soup Co. with the help of an heir to the soup company's
founder.
WeWork Raises $1 Billion in Debt From SoftBank as Revenue Doubles
WeWork on Thursday disclosed it raised another $1 billion in
funding from SoftBank, as the shared-office company continues its
rapid growth by doubling revenue but piling up losses.
News Corp's Revenue Climbs 29%
The consolidation of Australian TV assets helped boost revenue
in the June quarter, but led to a write-off that weighed on the
company's bottom line.
Dropbox Shares Fall on Operating Officer's Planned Exit
Dropbox's chief operating officer is stepping down, a move that
apparently unnerved investors in spite of its better-than-expected
performance during the second quarter.
Rite Aid, Albertsons Face Challenging Times for Retailers
Rite Aid Corp. investors got what they wanted in the demise of
the pharmacy's merger with grocer Albertsons Co. But now what?
(END) Dow Jones Newswires
August 10, 2018 07:15 ET (11:15 GMT)
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