News Highlights: Top Company News of the Day
December 06 2018 - 11:30AM
Dow Jones News
Arrest of Senior Huawei Executive Steps Up U.S.-China Confrontation
The arrest of a senior executive of networking-gear maker Huawei
Technologies Co. intensifies the confrontation in the already
divisive China-U.S. negotiations on trade, striking at Chinese
President Xi Jinping's ambitions to make the country a tech
superpower .
Lampert's Hedge Fund Makes Bid for Sears Stores and Assets
Edward Lampert, the chairman and biggest creditor of Sears
Holdings Corp., has made an offer to buy the retailer's stores and
other assets out of bankruptcy court in a bid to keep control of
the struggling chain.
Fiat Chrysler Appoints Auto Veteran to Lead North American Operations
Fiat Chrysler Automobiles named a former executive at the auto
supplier now called ZF TRW as its new chief of North American
operations.
Lyft Sets Stage for Early 2019 IPO
Lyft is going public, announcing that it has confidentially
filed a draft registration statement with the Securities and
Exchange Commission, a key step by the closely held company in
selling shares to the public.
Walgreens, FedEx Launch Next-Day Prescription Home Delivery
Walgreens Boots Alliance is launching a nationwide prescription
home-delivery service as the drugstore chain works to stave off
competition from Amazon.com and other rivals.
Barrick Gold Retreats From Digital Reinvention
Barrick Gold is selling a research and development company it
owns and is cutting staff hired to lead what executives had called
a digital reinvention, championed by Executive Chairman John
Thornton.
Cell Service in Japan Goes Down for Hours, Clouding Year's Biggest IPO
SoftBank's Japanese mobile unit suffered an hourslong nationwide
network breakdown, tarnishing the unit's planned $23 billion
initial public offering later this month.
Congress to Drug Makers: Why Stock Buybacks Over Lowered Drug Prices?
House Democrats say big pharmaceutical companies channeled tax
savings to repurchasing shares instead of making some medicines
more affordable.
Highly Anticipated Moderna Listing Is Seen As Test of New IPOs
The IPO market faces a major year-end test, as Moderna attempts
on Thursday to stage one of the biggest stock-market debuts for a
biotechnology company at a time of heightened investor jitters.
Och-Ziff to Change Structure as Hedge Fund Looks to Future
Och-Ziff Capital Management revealed sweeping strategic changes
designed to distribute power among a wider range of shareholders
and help ensure the largest U.S. publicly traded hedge fund remains
on firm footing.
(END) Dow Jones Newswires
December 06, 2018 11:15 ET (16:15 GMT)
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