News Highlights: Top Company News of the Day
September 18 2018 - 11:15PM
Dow Jones News
Bayer Steps Up Legal Fight Over Weed Killer Blamed for Cancer
Bayer AG is stepping up the legal defense of its flagship weed
killer, after a verdict in a recent case alleging the chemical
causes cancer sent shares tumbling and raised the prospect of
costly payouts.
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.
Tencent Investment Executive Jonathan Lai Leaves to Join Coatue
Jonathan Lai, who led many of Tencent Holdings' investments into
digital entertainment startups, has left the China-based
company.
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.
(END) Dow Jones Newswires
September 18, 2018 23:00 ET (03:00 GMT)
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