News Highlights: Top Company News of the Day
FBI Warns FaceApp Could Pose Counterintelligence Threat
The FBI said certain Russian-made software, including the viral
hit FaceApp, pose a potential counterintelligence threat and could
put Americans' private data at risk.
J.Crew Gets Lender Approval for Madewell IPO
Under an agreement with its lenders, J.Crew may separate from
Madewell and conduct an initial public offering of the unit,
according to a Monday securities filing.
Hostess Brands Buying Wafer Maker for $320 Million
The maker of Twinkies wants to expand its portfolio with a new
bet on wafers, cookies and sugar-free treats.
Astellas to Acquire Audentes Therapeutics in $3 Billion Deal
Astellas Pharma Inc. and Audentes Therapeutics Inc. said they
reached a deal that will see Astellas acquire Audentes for $60 per
share in cash. The deal has a total equity value of $3 billion.
Cloud Companies Can't Afford to Come Up Short
It is a big week for cloud companies-and potentially for a
growing number of investors betting against them.
Highland Capital Management Loses Fight to Keep Bankruptcy in Delaware
Bankrupt fund manager Highland Capital Management LP lost its
fight to keep its chapter 11 proceedings in Delaware, with a judge
siding with a group of unsecured creditors who wanted the case
moved to Dallas.
Korean Shipyard Mega-Merger Hits a Bump in Singapore
A South Korean plan to create a shipbuilding behemoth
controlling roughly 20% of the global market is raising competition
concerns in Singapore, one of many parties that have to approve the
Amazon Rolls Out Quantum-Computing Service
The company is offering select enterprise customers the ability
to experiment with early-stage quantum-computing services over the
cloud, following others racing to commercialize the emerging
Honeywell Spinoff Sues Former Parent Over Asbestos Liabilities
Garrett Motion, Honeywell's former transportation-systems unit,
alleges that it was forced into a burdensome 30-year
indemnification agreement related to asbestos liabilities before
being spun off.
Apache Shares Plunge Following Scant Update on Oil Prospect
Apache released a sparse progress report on its project to drill
for oil off the coast of Suriname that raised more questions than
answers, leading its shares to fall about 14%.
(END) Dow Jones Newswires
December 02, 2019 21:00 ET (02:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.