News Highlights: Top Company News of the Day
November 20 2017 - 1:15AM
Dow Jones News
Marvell Nears Deal to Buy Cavium for About $6 Billion
The acquisition would create a bigger and more well-rounded
competitor to chip-making giants such as Intel Corp. and Broadcom
Ltd.
How China's Acquisitive HNA Group Fell From Favor
CEO Adam Tan drove the global ascent and ambition of the
conglomerate, which has sought comparisons to Warren Buffett's
Berkshire Hathaway. It is now drawing the scrutiny of regulators
and Wall Street, and its debt-fueled expansion has hit a wall.
Surprise Bidder for Weinstein Co. Proposes Majority-Female Board
Maria Contreras-Sweet, who previously led the Small Business
Administration, has submitted an offer to acquire Weinstein Co. and
keep the embattled studio in business with new, majority-women
leadership.
GE Housecleaning Will Alter Board's Makeup
A housecleaning at GE's board will remove many long-term
associates of former Chief Jeff Immelt and aims to create a board
that is more closely aligned with CEO John Flannery's strategy to
streamline the industrial giant.
Televisa Executive Killed in Apparent Robbery Attempt
Adolfo Lagos, a senior executive of television broadcaster Grupo
Televisa was shot dead Sunday in an apparent robbery attempt while
biking near Mexico City, the company said.
What's Ailing Barclays? Jes Staley Has Little Time to Figure It Out
Barclays PLC Chief Executive Jes Staley wants to reinvigorate
the British bank by reinvesting in investment banking, where
returns have been poor of late-and investors aren't pleased.
Toshiba to Raise $5.3 Billion in Sale of New Shares
Toshiba Corp. said it would raise Yen600 billion ($5.3 billion)
through the sale of new shares to foreign funds, a step to avoid a
delisting from the Tokyo Stock Exchange if the planned sale of its
chip unit is delayed.
'Justice League' Opening Falls Short of Expectations
"Justice League," a megabudget production in which Batman,
Wonder Woman, Superman and other super-heroes team up opened to an
estimated $96 million in the U.S. and Canada this weekend.
The Latest Path to Silicon Valley Riches: Stake Sales
Entrepreneurs and venture investors are cashing out of hot
startups through secondary sales of big stakes, rather than waiting
for companies to go public or be acquired.
Big Oil and Auto Makers Throw a Lifeline to the Combustion Engine
Oil companies and the auto industry are teaming up to preserve
the internal combustion engine, as tough regulation and electric
vehicles put the car industry's century-old technology at risk.
(END) Dow Jones Newswires
November 20, 2017 01:00 ET (06:00 GMT)
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