News Highlights: Top Company News of the Day
August 18 2017 - 07:15PM
Dow Jones News
Power-Generation Company Calpine Agrees to Be Sold to Consortium
Private-equity firm Energy Capital Partners and a group of
co-investors has agreed to buy power-generation company Calpine for
$5.6 billion.
Third Bidder Emerges in Battle for Energy Future's Oncor
Warren Buffett's battle for control of a Texas power company
took a turn Friday as a new mystery bidder emerged to challenge
Berkshire Hathaway Inc.'s $9 billion offer.
Farm Slump Slows Deere's U.S. Sales
Equipment maker Deere continues to face headwinds from the
troubled U.S. farm economy.
Two Tenet Board Members Resign, Setting Up Potential Proxy Fight
Glenview Capital Management, the largest institutional
shareholder in Tenet Healthcare, said in a securities filing it
could push for a sale of the hospital company or new
leadership.
SEC to Drop Civil Charges Against Ex-J.P. Morgan 'London Whale' Traders
Federal regulators said they would drop civil charges against
two former J.P. Morgan Chase & Co. traders at the center of the
2012 "London Whale" saga, ending the last U.S. case against traders
involved in a debacle that cost the New York bank more than $6
billion.
Poland Spring Suit Accuses Nestlé of 'Colossal Fraud'
Nestlé is facing a lawsuit in the U.S. alleging that its Poland
Spring brand is "common groundwater" rather than spring water,
which the suit claims makes the marketing of Poland Spring water a
"colossal fraud."
Foot Locker Sales Miss Weighs on Sector
Foot Locker reported worse-than-expected same-store sales in its
latest quarter, a sign that the 'athleisure' market may be running
out of steam.
U.S. Unit of Intesa Sanpaolo Agrees to Pay $35 Million Over Mishandling ADRs
A U.S. subsidiary of Italian bank Intesa Sanpaolo SpA has agreed
to pay $35 million to settle claims that it improperly obtained and
lent foreign shares to clients, marking the second time regulators
have penalized a broker-dealer based on a wide-ranging probe of the
market.
The Latest Front in Battling Hate Groups: Credit Cards
Payments and credit-card companies including American Express,
Discover and PayPal are booting dozens of individuals and groups
associated with right-wing extremist movements off their
systems.
Suniva Requests Bonus for Employee at Center of Tariff Case
Suniva is asking bankruptcy court permission to pay off an
employee who the solar-cell manufacturer says is critical to
winning the Trump administration's support for trade tariffs.
(END) Dow Jones Newswires
August 18, 2017 19:00 ET (23:00 GMT)
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