News Highlights: Top Company News of the Day
September 19 2017 - 11:15AM
Dow Jones News
Walgreens Finally Gains Approval for Rite Aid Deal
Walgreens Boots Alliance received regulatory approval for its
deal to buy thousands of stores from Rite Aid but only after the
number of stores to be purchased was again trimmed to allay
antitrust concerns.
Post Holdings to Buy Bob Evans Packaged Food Business
Post Holdings agreed to acquire Bob Evans Farms in a cash deal
valued at $1.5 billion, the latest in a series of acquisitions by
the cereal maker.
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.
Toys 'R' Us Bankruptcy Poses Challenge for Toy Makers
The bankruptcy filing of Toys 'R' Us ends weeks of uncertainty
for the toy industry while creating a new challenge for toy makers
just ahead of the busy holiday season.
Jefferies Profit More Than Doubles
Jefferies Group reported sizable increases in revenue and profit
as its investment-banking business had its best quarter yet.
Progressive Reports Hurricane Harvey Linked to 90% of Total Catastrophe Losses in August
Progressive Corp. swung to a loss in August, the company
reported Tuesday, with Hurricane Harvey more than tripling the
insurer's catastrophe losses in the period compared to last
year.
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.
Nintendo Deal With Tencent Paves Way for China Push
Nintendo has had relatively limited business in China. Now a
deal with Tencent has investors excited at the prospect that
Nintendo's Switch console and smartphone games could take off in
one of the world's biggest game markets.
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.
(END) Dow Jones Newswires
September 19, 2017 11:00 ET (15:00 GMT)
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