News Highlights: Top Company News of the Day
September 19 2017 - 9:30AM
Dow Jones News
Clariant, Huntsman's $15 Billion Merger Faces Tough Opposition
A group of U.S. activist investors threatened to vote against
the proposed merger between Clariant and U.S.-based Huntsman,
jeopardizing a deal that would create a $15 billion chemicals
giant.
Toys 'R' Us, Once a Category Killer, Files for Bankruptcy
Toys 'R' Us, for decades the go-to spot for birthday and holiday
gifts, filed for chapter 11 bankruptcy protection, undone by a
hefty debt load and the rapid shift to online shopping.
Jefferies Profit More Than Doubles
Jefferies Group reported sizable increases in revenue and profit
as its investment-banking business had its best quarter yet.
After-Hours Company Visit Spurs Espionage Charges
A man's after-hours visit to a medical-technology startup near
Boston marks the latest economic-espionage case alleging attempted
theft of trade secrets from U.S. companies.
Brevan Howard to Inject up to $400 Million Into New Fund
Brevan Howard, one of the world's biggest hedge-fund firms,
plans to inject around $300 million to $400 million into a new fund
for one of its star traders, as it battles to revive its
fortunes.
NBC News Chief Presides Over Ratings Gains, Uneasy Talent
Andy Lack has checked a lot off his to-do list since returning
as chairman of NBC News and MSNBC just over two years ago. Despite
upbeat trends in ratings, reviews of his stewardship are mixed.
Northrop Grumman Move to Acquire Rocket Maker Reflects Military Space Race
Northrop Grumman plans to acquire Orbital ATK for around $7.8
billion in a bid to position itself for the new military
battleground: space.
Equifax Discloses Earlier Cybersecurity Incident
Equifax hired cybersecurity experts to deal with an incident on
its corporate networks in March, two months before the start of the
hack that it has said led to the potential compromise of personal
data belonging to 143 million U.S. consumers.
Uber Sues Mobile Agency Alleging Ad Fraud
Uber has filed a lawsuit against Fetch Media, alleging the
agency misrepresented the effectiveness of its mobile ads, failed
to prevent ad fraud and didn't return rebates.
Ten Network's Creditors Accept CBS Buyout Offer
Creditors of Australia's Ten Network accepted an increased offer
for the insolvent broadcaster from U.S. media giant CBS, rejecting
a rival proposal from media moguls Bruce Gordon and Lachlan
Murdoch.
(END) Dow Jones Newswires
September 19, 2017 09:15 ET (13:15 GMT)
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