News Highlights: Top Company News of the Day
March 21 2019 - 1:30AM
Dow Jones News
Oaktree Capital Expresses Confidence in Digital First's Bid for Gannett
Digital First Media took a step forward in its hostile bid for
Gannett Co., with a debt specialist indicating Digital First could
raise the funds needed to pay for the $1.4 billion takeover.
Lithuanian Man Pleads Guilty to $100 Million Fraud Against Google, Facebook
A Lithuanian man pleaded guilty to his role in a complex wire
fraud scheme that resulted in the theft of over $100 million from
Alphabet Inc.'s Google and Facebook Inc., prosecutors said
Wednesday.
Two South Korean Firms Plead Guilty in Fuel Price-Fixing Case
Two South Korean companies have agreed to plead guilty and pay
$127 million in criminal and civil penalties for conspiring to fix
prices on fuel supplied to U.S. military bases in their country,
U.S. authorities said
Acting Defense Chief's Boeing Ties Scrutinized
The Defense Department Office of Inspector General said
Wednesday it had begun an investigation into whether acting Defense
Secretary Pat Shanahan sought preferential treatment for his
longtime former employer, Boeing Co., while serving in
government.
After New Zealand Shooting, Founder of 8chan Expresses Regrets
Fredrick Brennan founded the website 8chan as a home for
unconstrained speech devoted to critiquing what he saw as the
authoritarianism of leftist culture and politics. Now, he says, it
has gone too far.
Ford to Expand Electric-Vehicle Production
Ford Motor is increasing its bet on electric cars and will
convert a second North American plant to build plug-in models even
as demand for the technology remains weak in the U.S.
Trucker YRC, Teamsters Tumble Toward Contract Deadline
YRC Worldwide, one of the biggest trucking companies in the
U.S., and the Teamsters union are coming down to the wire in
contract talks in one of the last areas of unionized operations in
truck transportation.
Celebrity Jeweler Suspected in $2 Billion Fraud Arrested in London, Faces Extradition to India
Nirav Modi, India's onetime jeweler to the stars, was arrested
in London and faces extradition to face allegations that he
defrauded Indian bank lenders of nearly $2 billion.
What General Mills Could Teach Kraft Heinz
General Mills shows food companies can maintain sales momentum
by investing in innovation.
Lenders to Fiber Optic Company Uniti Waive Default After Going-Concern Warning
Lenders to Uniti Group, the fiber optic cable operator, have
waived a potential default stemming from a going-concern warning
from auditor PricewaterhouseCoopers.
(END) Dow Jones Newswires
March 21, 2019 01:15 ET (05:15 GMT)
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