News Highlights: Top Company News of the Day

Date : 08/10/2018 @ 11:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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)

Copyright (c) 2018 Dow Jones & Company, Inc.
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