News Highlights: Top Company News of the Day
December 09 2016 - 5:30AM
Dow Jones News
South Africa's Sibanye Gold to Buy Stillwater Mining for $2.2 Billion
South Africa's Sibanye Gold plans to buy the U.S. palladium and
platinum miner Stillwater Mining for $2.2 billion, the company's
first foray outside of Southern Africa and the latest bold move to
diversify beyond gold mining.
iPhone Screen Makers Have a Blurry Future
The race to supply next-generation OLED screens to Apple could
leave suppliers hurting.
San Francisco Mayor Vetoes Airbnb Bill
The measure would have restricted hosts from renting their rooms
or homes for more than 60 days a year without the host present,
down from the current 90-day limit.
Gemalto to Buy 3M's Identity-Management Business
Digital security firm Gemalto NV has agreed to buy 3M Co.'s
identity-management business for $850 million, 3M said
Thursday.
Amazon Says It Doesn't Plan to Open 2,000 Grocery Stores
Amazon.com Inc. on Wednesday said it doesn't currently have
plans to open 2,000 grocery stores.
Buyout Firm Stone Canyon in Talks to Buy Mauser Group
An investment firm with ties to junk-bond pioneer Michael Milken
is nearing a deal to buy industrial-packaging company Mauser Group
for more than $2 billion.
Los Angeles Sues Four National Retailers Over Sale Prices
Separate lawsuits allege J.C. Penney, Sears, Kohl's and Macy's
falsely advertised higher regular prices for merchandise so
customers would believe they were getting bigger bargains.
Washington State Sues Monsanto Over PCB Pollution
The state alleges the agrochemical giant produced the chemicals
for decades while hiding what it knew about the PCBs' effect on
humans and the environment.
Broadcom Takes a Victory Lap After Buying Spree
Raising its dividend following M&A spree gives chip maker a
further line of credit.
Restoration Hardware Hit by Business-Model Changes
Restoration Hardware Holdings' plan to wean customers off
promotions and get them to pay for a membership program has stalled
sales, prompting the luxury furnishings retailer to revert to
markdowns in the holiday period.
(END) Dow Jones Newswires
December 09, 2016 05:15 ET (10:15 GMT)
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