News Highlights: Top Company News of the Day
September 20 2018 - 9:15AM
Dow Jones News
Comcast, Fox to Settle $35 Billion Takeover Battle for Sky in Auction
Comcast and 21st Century Fox will settle their takeover battle
for Sky in a weekend auction run by British regulators, setting up
a dramatic climax to a 21-month sale process that has pitted some
of the world's biggest media giants against each other.
Amazon Investment Could Lead to Large Stake in India Retail Chain
Amazon.com has joined forces with a private-equity firm in India
that is acquiring one of the largest retail chains in the South
Asian nation.
Oil Giants Use Size to Overcome Fracking Challenges
Shale drilling, once the province of small, scrappy operators,
faces challenges including pipeline bottlenecks and rising costs.
Now oil giants are using their size to tackle those problems.
Under Armour to Cut 400 Jobs
Under Armour is cutting about 400 jobs globally as part of its
ongoing restructuring effort.
Aston Martin Accelerates Toward October IPO
Aston Martin, the sports car brand made famous in the James Bond
spy thrillers, revealed an aggressive price range for its coming
stock-market listing, valuing the company at up to $6.7
billion.
Nike Leads Rebound for Athletic Apparel Retailers
Nike's shares are up 35% this year, leading a resurgence in
shares of companies that sell athletic apparel, after worries about
the rise of e-commerce hurt the group in previous years.
Nestlé to Explore Options for Skin-Health Unit
Nestlé is exploring strategic options for its skin-health unit,
a business analysts say could fetch $4.1 billion, its latest move
to narrow its focus to food and beverages as it faces pressure from
an activist investor.
Alibaba's Ma Recants Promise to Create One Million U.S. 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.
Growing Opposition Threatens Completion of Last U.S. Nuclear Plant
The sole remaining nuclear power plant under construction in the
U.S. is facing mounting opposition from cities and lawmakers
concerned about its rising costs.
Companies' Brexit Challenge: Preparing for the Unknown
Some of the world's biggest companies are drawing up plans for
the unplannable: a March divorce between Britain and the European
Union, in which even some basic parameters have yet to be hammered
out.
(END) Dow Jones Newswires
September 20, 2018 09:00 ET (13:00 GMT)
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