News Highlights: Top Company News of the Day
November 20 2017 - 9:30AM
Dow Jones News
Marvell Confirms $6 Billion Purchase of Chip Maker Cavium
Marvell Technology Group plans to buy chip maker Cavium in a $6
billion cash-and-stock deal that would set it up to better compete
with semiconductor giants such as Intel and Broadcom.
After Decade of Delays, Keystone XL Nears Approval
Nebraska officials are set to decide whether to green-light the
Keystone XL pipeline, the last major regulatory approval standing
in the way of the long-delayed project.
Zions to Challenge Its 'Big Bank' Label
Zions Bancorp has long insisted it isn't the same as bigger
rivals with Wall Street businesses. Now it wants regulators to say
so too.
Altice Plans to Sell Noncore Assets to Pare Debt
Altice promised to pare its mountain of debt by selling "noncore
assets" rather than by issuing new equity, reassuring jittery
investors who have sent the telecommunications company's shares
into a tailspin recently.
Alibaba to Buy Big Stake in Wal-Mart China Rival
E-commerce giant Alibaba is adding to its already-sizeable bet
on brick-and-mortar, saying it will pay $2.88 billion for a 36%
stake in China's second-largest big-box retailer, Sun Art
Retail.
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.
Locus Robotics Raises $25 Million in Round Led by Scale Venture Partners
Locus Robotics Corp., whose robots help workers fulfill
e-commerce orders, raised $25 million in a funding round led by
Scale Venture Partners that the company plans to use to develop new
products and expand into new markets.
Volkswagen to Invest EUR22.8 Billion World-Wide
Volkswagen said it will invest EUR22.8 billion in the future
viability of its plants from 2018 to 2022
FCC to Outline Plan to Roll Back Rules on Net Neutrality
Regulators are expected to unveil plans for reversing Obama-era
rules that require internet service providers to treat all web
traffic equally, a move that could reshape the internet economy and
consumers' online experience.
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.
(END) Dow Jones Newswires
November 20, 2017 09:15 ET (14:15 GMT)
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