News Highlights: Top Company News of the Day
August 21 2017 - 5:15PM
Dow Jones News
Macy's Hires eBay Executive Amid Management Shakeup
Macy's poached a senior eBay executive and streamlined its top
management in an effort to speed up decision-making at the
struggling department-store chain.
Great Wall Expresses Interest in Fiat Chrysler's Jeep
Chinese auto maker Great Wall Motor said it is interested in
acquiring Jeep, the profitable U.S. sport-utility-vehicle maker
owned by Fiat Chrysler Automobiles.
Herbalife Deals Blow to Ackman With Going-Private Talks
Herbalife raised the specter of going private Monday, sending
its stock soaring and dealing a blow to William Ackman, the
nutritional-supplements company's chief antagonist.
Simon Property Reaches Settlement in Antitrust Investigation by New York
New York State Attorney General Eric Schneiderman and retail
property giant Simon Property Group reached an antitrust settlement
that requires Simon to end practices that protected its popular
Woodbury Common Premium Outlets from competition.
Ross Levinsohn Named CEO, Publisher of Los Angeles Times
Tronc announced a broad management shake up at its flagship
newspaper, the Los Angeles Times, bringing in internet and media
industry veteran Ross Levinsohn as its new chief executive and
publisher.
Baidu Is Selling Takeout Delivery Business to Alibaba-Backed Ele.me
Baidu is selling its takeout delivery business to Ele.me, a
rival backed by Alibaba. The deal will help the Chinese
search-engine giant stop sinking money into a costly business that
hasn't paid off.
Texas Regulators are First Test for Sempra's Oncor Deal
Texas regulators who have proven to be harsh critics of suitors
for Oncor, the largest power-transmission utility in the state,
will be the first test for Sempra Energy's $9.45 billion takeover
offer.
Total Buys Maersk Oil for $5 Billion
French oil giant Total has agreed to acquire Danish conglomerate
A.P. Moeller-Maersk's oil unit for $4.95 billion, signaling a
renewed appetite for deals in the global oil-and-gas industry.
Cisco to Buy Springpath for $320 Million
Cisco Systems said Monday it plans to buy Springpath Inc., an
early partner in the so-called hyperconverged-systems market, as
part of a shift to selling software and services to help turn
around the struggling company.
Johnson & Johnson Hit With $417 Million Verdict in Baby Powder Case
A jury awarded a woman with ovarian cancer $417 million Monday
in a case against Johnson & Johnson, the latest hit to the
pharmaceutical company in widespread litigation over the alleged
harms of its baby powder.
(END) Dow Jones Newswires
August 21, 2017 17:00 ET (21:00 GMT)
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