News Highlights: Top Company News of the Day
September 18 2018 - 9:30PM
Dow Jones News
DOJ Opened Probe of Tesla After Musk's Going-Private Tweet
Tesla said it received a "voluntary request for documents" from
the Justice Department, which came after CEO Elon Musk's tweet
about taking the electric-car maker private.
Oracle Buys Its Way to Stability
The software giant's booming buybacks help its stock price
despite disappointing financial results.
WeWork Reaches Settlement on Noncompete Pacts
The shared-office company agreed to sharply curtail its practice
of requiring most employees to sign broad noncompete agreements, as
part of a settlement with the attorneys general of New York and
Illinois.
Weinstein Prosecutors Look Into Filmmaker's Days at Miramax
Manhattan prosecutors in recent weeks have contacted people who
worked with Harvey Weinstein at Miramax in an attempt to gather
evidence of the embattled filmmaker's alleged prior bad acts,
according to people familiar with the matter.
Futures Regulator Fines NEX Group Subsidiary $50 Million
Intercapital Capital Markets agreed to pay $50 million to settle
claims that its brokers helped manipulate a financial benchmark
used to calculate a range of interest-rate products.
Former SeaWorld CEO Settles Claim He Misled Investors
James Atchison will pay more than $1 million to settle SEC
charges he wasn't upfront with investors about the impact
documentary film "Blackfish" would have on the theme-park
operator.
Ferrari Powers Through a Curve
The high-end car maker navigates a tricky transition with its
high valuation intact, but faces challenges.
Why General Mills Went to the Dogs
General Mills is recording weak sales in its core businesses and
warned that near-term growth may disappoint for its recently
acquired pet-food brand.
Marsh & McLennan Aims for Growth With Acquisition of U.K. Insurer
Marsh & McLennan has agreed to a $5.66 billion deal to buy
U.K.-based Jardine Lloyd Thompson Group, forming a global insurance
broker with $17 billion in annual revenue.
Alibaba's Jack Ma Denies Beijing Forced Him Out
Billionaire Jack Ma said China's government didn't push him to
step down as head of Alibaba, blaming rumors emanating from outside
China for fueling such speculation.
(END) Dow Jones Newswires
September 18, 2018 21:15 ET (01:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.