News Highlights: Top Company News of the Day
August 21 2017 - 05:15AM
Dow Jones News
Total Buys Maersk Oil for $4.95 Billion
French oil company Total has agreed to acquire Danish
conglomerate A.P. Moeller-Maersk's oil unit for $4.95 billion, the
latest sign activity is returning to the sector following a
three-year slump in oil prices.
Sempra Energy Reaches Deal to Buy Oncor After Outbidding Berkshire
Sempra Energy has reached a deal to buy Oncor for $9.45 billion
after swooping in to snatch the power-transmission company away
from Warren Buffett's Berkshire Hathaway.
B&G Foods Gobbles Up SnackWell, Back to Nature Brands
B&G Foods has struck a deal to buy SnackWell's cookies and
Back to Nature granola bars for $162.5 million, adding to its
stable of older brands that have faltered as eating habits
change.
HTC Joins Facebook in Slashing VR Headset Price
HTC is dropping the price of its Vive virtual-reality headset by
$200, weeks after Facebook made a similar price cut for its Oculus
Rift goggles.
Samsung Broadens Its Drugs Business
The Samsung conglomerate is furthering its efforts to build a
full-fledged prescription-drugs business, signing its first deal to
develop novel drugs for hard-to-treat diseases.
Samsung Investors Await Note 8 Launch and Scandal Verdict
For Samsung Electronics, the launch this week of a new
smartphone and a court ruling for its detained de facto leader may
offer closure and clarity for a company rocked by two scandals over
the past year.
Tech Censorship of White Supremacists Draws Criticism From Within Industry
A prominent privacy group has questioned the power a few
corporations have to censor, as the number of tech companies
blocking white supremacists and a neo-Nazi website grow.
Fortescue Metals Lifts Dividend Guidance Ratio After Jump in Profit
Fortescue Metals Group Ltd. has flagged a more aggressive
dividend payout after annual profit more than doubled on the back
of strong iron-ore prices and ongoing efforts to lower production
costs.
Parts Suppliers Take a Hit From the Amazon Effect
Amazon.com Inc. is joining a host of online sellers shaking up
the roughly $130 billion market for industrial parts used by
plumbers, electricians and manufacturers.
Investors Pull Back From Gundlach's Biggest Fund at DoubleLine
Bond investors once eager to be in Jeffrey Gundlach's white-hot
DoubleLine Total Return bond fund have pulled out $8.5 billion
since its September 2016 peak-an abrupt reversal for the outspoken
fund manager.
(END) Dow Jones Newswires
August 21, 2017 05:00 ET (09:00 GMT)
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