News Highlights: Top Company News of the Day
January 15 2019 - 11:15PM
Dow Jones News
Takeover Bid Interrupts Gannett's Quest For Gizmodo
Gannett has been pursuing a purchase of digital publisher
Gizmodo Media Group, an effort that could be complicated by the
takeover approach the USA Today owner received this week from a
hedge fund-backed rival.
Meketa and Pension Consulting Alliance to Merge
Boston investment advisory firm Meketa Investment Group is
merging with Pension Consulting Alliance, a Portland, Ore.,
boutique consultant.
Senate Advances Measure to Block Rusal's Dropping From Sanctions List
The vote will likely rattle global aluminum markets amid worries
that Russian company United Co. Rusal, the world's second-largest
producer, will remain off limits if lawmakers are successful in
rejecting the Treasury Department's proposal.
Snap Finance Chief Joins Executive Exodus
Chief Financial Officer Tim Stone is leaving after less than a
year on the job, the latest in a string of executive departures at
the social-media company.
Parker Drilling Considering Alternative Proposal From Saba Capital
Parker Drilling Co. is evaluating an alternative restructuring
proposal from hedge-fund firm Saba Capital Management, a lawyer for
the company said.
Activist Investor Jana to Close Two Underperforming Hedge Funds
The shutdowns reinforce the larger struggles facing hedge funds
that specialize in making bets for or against stocks.
Bankruptcy Judges Send Jay Alix, McKinsey to Mediation
A duo of bankruptcy judges jointly ordered a long-brewing feud
over McKinsey & Co.'s conflict disclosures to mediation, a last
resort before commencing a trial that could put several of the
firm's senior partners on the witness stand.
Evergrande to Buy Majority Stake in Swedish Electric-Car Maker NEVS
China Evergrande Group said it would buy a majority stake in the
company that bought Swedish car maker Saab out of bankruptcy,
making a $930 million bet on the expected surge in demand for
electric vehicles in the world's second-largest economy.
Bayer AG Faces New Setback for Roundup Weedkiller in France
Bayer AG's fight to prove its recently acquired weedkillers are
safe took a blow when a French court effectively banned the sale of
a Roundup product because of cancer concerns.
Big Banks Find Sweet Spot
Higher interest rates helped results for big banks in the fourth
quarter, as earnings improved at JPMorgan and Wells Fargo
profit-per-share rose more than analysts expected.
(END) Dow Jones Newswires
January 15, 2019 23:00 ET (04:00 GMT)
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