News Highlights: Top Company News of the Day
November 15 2018 - 9:30PM
Dow Jones News
Post Holdings Plans IPO for Nutrition Unit
The transaction that involves PowerBar and Joint Juice brands is
expected to be completed in the second half of fiscal year
2019.
Inventory Reduction Push at J.C. Penney Thins Margins
The struggling retail chain has been liquidating merchandise as
it winnows its product assortment to focus on the most profitable
brands and categories. Although Penney is making progress on that
goal, efforts to clear the sales floor have also thinned
margins.
Firm Tied to Cryptocurrency Entrepreneur Faces SEC Investigation
The SEC is investigating a company's cryptocurrency sale, an
executive with the firm said, and people familiar with the probe
said it includes looking at whether a prominent bitcoin
entrepreneur broke the law by getting involved with the company's
fundraising.
Cryptocurrency Hangover Weighs on Nvidia
Nvidia shares tumbled 18% after the chip maker projected
declining revenue for the current quarter as it works through
excess inventory left over from the cryptocurrency boom.
MoviePass Sheds Subscribers as Troubles Mount
MoviePass experienced a significant decline in subscribers in
the third quarter, the latest sign of trouble for majority owner
Helios & Matheson Analytics.
Facebook Says Criticism of Its Russia Response Is 'Unfair'
Mark Zuckerberg and the Facebook board took issue with a report
suggesting the social-media giant deliberately played down the
impact of Russian interference on the platform.
Nvidia's Game Isn't Over
A cryptocurrencies overhang still stings, but Nvidia's
data-center business remains strong.
David's Bridal Reaches Restructuring Deal With Lenders
Wedding gown retailer David's Bridal has reached a restructuring
deal with its lenders ahead of an expected bankruptcy filing.
Sears Gets Court Approval to Sell Stores
Sears won court approval to pursue a sale of its best stores, a
process that would be the retailer's only hope of avoiding
liquidation.
Apple Partners With Movie Studio A24 to Make Feature-Length Films
Apple will begin making independent, feature-length films
through a multiyear partnership with the Oscar-winning studio A24,
broadening the iPhone maker's push into original content beyond TV
programming and into movies.
(END) Dow Jones Newswires
November 15, 2018 21:15 ET (02:15 GMT)
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