News Highlights: Top Company News of the Day

Date : 02/11/2019 @ 2:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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)

Copyright (c) 2019 Dow Jones & Company, Inc.
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