News Highlights: Top Company News of the Day
October 18 2018 - 5:30PM
Dow Jones News
Coca-Cola Shuffles Executives; CEO Names a No. 2
CEO James Quincey promoted company veteran Brian Smith into
Coca-Cola's vacant No. 2 role and disclosed the retirement of
finance chief Kathy Waller.
Uber Borrows $2 Billion in Debut Bond Sale
Uber Technologies sold its first-ever bonds, issuing $2 billion
of debt to fund operations as it prepares for an IPO expected next
year.
U.S. Startup Accuses Huawei of Trying to Steal Its Technology
An escalating battle between the U.S. and China for tech
supremacy is playing out in federal court between Huawei and a
Silicon Valley startup backed by Microsoft.
Noble Seeks U.S. Bankruptcy Protection As It Pursues Debt Restructuring
Noble Group Ltd. filed for bankruptcy protection Wednesday in
order to prevent creditors in the U.S. from potentially disrupting
its plan to restructure $3.5 billion in debt.
Malaysia's Petronas Set to Buy 10% Stake in Giant Oman Gas Field
Malaysia's state oil company has agreed to acquire about a 10%
stake in the giant Khazzan natural gas field in Oman, giving
Petronas a toehold in one of the biggest fracking projects ever
completed outside the U.S.
Secretive Data Company Palantir Weighs Giant Public Offering
Data-mining giant Palantir Technologies is weighing an initial
public offering likely to be among the largest in recent years.
Invesco to Buy OppenheimerFunds
Invesco agreed to buy rival Massachusetts Mutual Life
Insurance's OppenheimerFunds unit for $5.7 billion, adding to a
string of acquisitions that have transformed the firm into a $1
trillion money manager.
Nine West Settles Potential Lawsuits Against Sycamore Partners
Nine West Holdings Inc. unveiled Wednesday an amended
restructuring plan that settles potential lawsuits against
private-equity owner Sycamore Partners LP for $105 million in
cash.
Novartis to Buy Cancer-Drug Maker Endocyte for $2.1 Billion
Novartis said it would buy cancer-drug maker Endocyte for $2.1
billion, the Swiss pharmaceutical giant's latest move to refocus on
higher-value medicines.
Blackstone Profit Jumps, Helped by Rising Markets
Blackstone Group reported an increase in third-quarter profit,
as continuing market strength buoyed the value of its
investments.
(END) Dow Jones Newswires
October 18, 2018 17:15 ET (21:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.