The Game Has Changed at Tesla 
 

An SEC investigation means Tesla's precarious cash situation could become critical in the coming months.

 
Oaktree Plans $1.5 Billion Bid for Bankrupt Claire's 
 

Oaktree Capital Management is trying to put together a $1.5 billion bid for bankrupt teen retailer Claire's Stores Inc., a lawyer for the junior noteholder said at a hearing Friday.

 
Purdue Pharma Hires Davis Polk for Restructuring Help 
 

OxyContin maker Purdue Pharma has hired restructuring lawyers at Davis Polk & Wardwell as it grapples with mounting litigation over its alleged role in fueling the opioid epidemic.

 
Deere Reports Strong Demand Despite Tariff-Concerned Farmers 
 

Deere reported higher earnings, saying that farmers are continuing to buy equipment even as they worry about potential tariffs on their products.

 
Get in Line: Backlog for Big Rigs Stretches to 2019 
 

With freight demand red-hot, truck manufacturers expect to break records for orders this year, and deliveries will reach deep into next year.

 
Foxconn Pursues Chip Ambitions With Plans for China Plant 
 

Foxconn is making a new push into semiconductors, teaming up with a local government in China's Pearl River Delta to build a chip fabrication plant.

 
Maersk to Spin Off Drilling Unit as Break Up Moves Forward 
 

Maersk said it will seek a separate listing of its drilling unit next year, aiming to generate cash proceeds of around $1.2 billion by floating the entire unit.

 
Deutsche Bank's Surprise Bond Offer 
 

The German bank launched an unexpected offer to buy bonds of Noble Group, the embattled Singapore-listed commodity trader.

 
PNC Faces Probe Over Low-Income Tax Credits 
 

Federal prosecutors are looking into how PNC Financial Services Group Inc. purchased tax credits meant to fund housing for low-income people, the bank said.

 
Panera Founder Backs Cava in Zoe's Kitchen Deal 
 

Zoe's Kitchen has agreed to be acquired by Cava Group in a deal valued at $250 million. Ron Shaich's Act III Holdings is set to lead a 'significant' equity investment in Cava restaurants as part of the deal.

(END) Dow Jones Newswires

August 17, 2018 19:15 ET (23:15 GMT)