News Highlights: Top Company News of the Day
September 26 2017 - 5:15AM
Dow Jones News
Nestlé Gives Loeb What He Wants: New Margin Targets, Faster Buybacks
Nestlé set a new profit-margin target and said it would
accelerate share buybacks amid pressure from activist investor Dan
Loeb.
Activist Investor Marathon Slams Restaurant Deal
Activist investor Marathon Partners Equity Management said the
proposed acquisition by restaurant operator J. Alexander's Holdings
Inc. of 99 Restaurants is a rotten deal for shareholders.
Amazon Hopes Alexa Will Offer Traction for Music App
Amazon Music listeners will now be able to ask Alexa to DJ
on-the-go. Amazon.com said it would launch the personal assistant
technology in its mobile music streaming apps on Tuesday.
As Takata Deal Deadline Looms, Claimants in Air-Bag Cases Worry
Lawyers for people claiming injury from Takata Corp.'s defective
air bags pressured the company to finalize its deal to sell most of
its business as the deadline looms this week.
In India, a Big GE Deal Goes Off the Rails
General Electric Co. is in danger of losing one of its largest
industrial contracts after a political shake-up in India,
highlighting the risk of the conglomerate's chase to win business
in far-flung markets by investing heavily in local operations.
Deal Boutique Greenhill Lands a Lifeline
Legendary Wall Street deal maker Robert Greenhill is throwing a
lifeline to the firm he founded two decades ago, which has been
largely left behind in the recent merger boom. Greenhill & Co.
said its founder, along with CEO Scott Bok, will each invest $10
million in the company as part of a broader reorganization
SAP Conceives New Data Hub for Era of Disaggregated Information
SAP SE on Monday unveiled a tool designed to help companies
manage soaring volumes of information, including business data as
well as new sources beyond the traditional corporate domain. In
today's environment, that could include data from social media or
customer data culled from mobile apps.
China Fishery Trustee Targets HSBC in Bankruptcy Probe
The court-appointed trustee in charge of China Fishery Group
Ltd. isn't backing down in a bankruptcy battle with HSBC Ltd.,
which he is investigating for aggressive collection tactics that
allegedly had a "severely negative impact" on the fishing
enterprise.
Atlas Air Worldwide Accuses Pilots' Union of Work Slowdown
Atlas Air Worldwide Holdings Inc. accused its unionized pilots
of intentionally slowing down work, causing "widespread and
significant" flight delays, in the latest labor dispute between a
union and an air-cargo carrier.
CFTC Fines Citigroup Over Swaps Reporting
The Commodity Futures Trading Commission fined two Citigroup
subsidiaries for failing to properly report swap transactions, the
latest in a series of such penalties by the regulator.
(END) Dow Jones Newswires
September 26, 2017 05:00 ET (09:00 GMT)
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