News Highlights: Top Company News of the Day
February 11 2019 - 9:15AM
Dow Jones News
Morgan Stanley, in Biggest Deal Since Crisis, Courts Future Millionaires
In its largest acquisition since the financial crisis, Morgan
Stanley is paying $900 million to acquire Solium, which manages the
stock that corporate employees receive as part of their pay.
U.S. Steel to Expand Under Tariffs
U.S. Steel said it plans to add 1.6 million tons of steelmaking
capacity next year by resuming the construction of a new furnace in
Alabama as tariffs on foreign metal raise profits on domestic
steel.
PG&E Board: No More Than Five Directors Will Run for Re-Election
At most, five of PG&E's current directors will be up for
re-election at the annual shareholders meeting, the board said, as
the utility looks to add more independent voices.
KPMG Ex-Partner Goes on Trial in 'Steal the Exam' Scandal
A criminal trial that starts Monday may shed more light on a
high-profile scandal at the Big Four accounting firm: an effort to
help it look better to its regulator that prosecutors say broke the
law.
Rural U.S. Carriers Resist Proposed Telecom Ban Aimed at Huawei
President Trump is weighing an executive order that could ban
Chinese telecommunications gear from U.S. networks, but the plan is
facing resistance from rural U.S. carriers who rely on Huawei
equipment.
Detroit's Latest Offering: Big Pickups at Bigger Prices
Ford, GM and Chrysler have in recent years introduced trucks at
price points well into luxury territory, offering plusher
interiors, more powerful engines and premium options.
EQT Buys Gas-Compression Company From Stephens Group
Kodiak Gas Services LLC provides contract-compression equipment
and related services to oil-and-gas producers. The company has a
presence in several oil-and-gas regions in the U.S.
Restaurants Brands Reports Profit Slips
Restaurant Brands International reported profit fell in the
fourth quarter primarily due to the adoption of a new accounting
standard and a one-time tax hit last year.
Attorney for Tabloid Publisher Says Jeff Bezos Wasn't Blackmailed
An attorney for the chief executive of American Media countered
allegations that the publisher of the National Enquirer tried to
pressure the Amazon CEO with the release of embarrassing
photos.
U.S. Campaign Against Huawei Faces Challenge in Eastern Europe
Governments in Europe's east, which have been courted by Beijing
and promised investments, debate whether or not to ban Chinese tech
giant Huawei.
(END) Dow Jones Newswires
February 11, 2019 09:00 ET (14:00 GMT)
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