News Highlights: Top Company News of the Day
September 20 2018 - 5:30AM
Dow Jones News
Nestlé to Explore Options for Skin-Health Unit
Nestlé said it is exploring strategic options for its
skin-health unit, the latest move by the Swiss packaged-foods giant
to narrow its focus to food and beverages.
Aston Martin Prices London IPO
Aston Martin has priced its initial public offering on the
London Stock Exchange, valuing the luxury-car maker at between 4.02
billion pounds and 5.07 billion pounds.
Bank of America Corporate, Investment Banking Chief to Depart
Bank of America corporate and investment banking head Christian
Meissner is leaving the bank, according to an internal memo
reviewed by The Wall Street Journal.
Profit Repatriation Slows in the Second Quarter After Tax Overhaul
U.S. companies repatriated $169.5 billion in foreign profits
between April and June-more than in most recent periods, but
underscoring a cautious approach to shifting huge sums across
borders.
Bank of America to Pay $30 Million in Benchmark-Manipulation Settlement
Bank of America will pay $30 million as part of a settlement
with the CFTC related to charges it tried to manipulate a benchmark
for interest-rate products.
Biggest U.S. Public Pension Looks to China for New Investment Chief
An official with China's foreign-exchange regulator is the lead
candidate to become next investment chief of the largest U.S.
public pension fund.
Tech Bureau Corp Reports Theft of Bitcoin, Other Cryptocurrencies
Osaka-based cryptocurrency exchange operator Tech Bureau Corp
said Thursday about $60 million worth of bitcoin and other
cryptocurrencies had been stolen through unauthorized access.
Crypto Pioneer David Chaum Says He's Built a Better Bitcoin
David Chaum, the godfather of the cryptocurrency movement, is
back with a plan to address bitcoin's biggest shortcoming:
speed.
Alibaba's Jack Ma Discards Promise to Create One Million American Jobs
Chinese technology tycoon Jack Ma is recanting his promise to
create one million jobs in the U.S., citing the trade spat between
the world's two biggest economies.
Rio Tinto Plans Buybacks to Return Cash to Shareholders
Rio Tinto unveiled plans to buy back a swath of its
Australia-listed shares before the end of the year as part of its
move to return about $3.2 billion in proceeds from the sale of coal
assets to its shareholders.
(END) Dow Jones Newswires
September 20, 2018 05:15 ET (09:15 GMT)
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