News Highlights: Top Company News of the Day
November 20 2017 - 5:30PM
Dow Jones News
U.S. Set to File Suit Challenging AT&T-Time Warner Deal
The Justice Department is expected to file a lawsuit Monday
challenging AT&T's proposed acquisition of Time Warner. The
companies are expected to fight the suit, a move that would leave
the fate of the transaction in the hands of a judge.
Nebraska Approves Keystone XL Pipeline Construction
Nebraska officials on Monday approved the Keystone XL pipeline,
removing the last major regulatory hurdle standing in the way of
the long-delayed project.
Volvo Promises Uber Fleet of Self-Driving Taxis by 2019
Volvo said it has agreed to supply Uber Technologies with a
fleet of 24,000 self-driving taxis beginning in 2019-one of the
first and biggest commercial orders for such vehicles.
Carlyle Group to Buy Payroll-Services Firm BenefitMall
Carlyle Group LP has agreed to buy BenefitMall, a Dallas company
that provides payroll and employee-benefits services, allowing the
company's venture backer, Austin Ventures, to cash out for the
second time.
Marvell Confirms $6 Billion Purchase of Chip Maker Cavium
Marvell Technology 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.
Glencore Upends Board of Congo Unit Amid Probe
A Glencore copper operation in the Democratic Republic of Congo
faces scrutiny from Canadian regulators over financial statements
and disclosures related to international bribery and anticorruption
laws. The company said it is reshuffling the board of that
subsidiary.
Retailers Try New Pricing Tricks to Battle Amazon on Black Friday
Instead of copying Amazon's playbook, retailers such as Wal-Mart
and Target are coming up with new tricks to maximize sales ahead of
Black Friday.
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.
FanDuel CEO, Co-Founder Eccles to Leave Company
FanDuel CEO Nigel Eccles is leaving the fantasy-sports website
he co-founded in 2009, months after FanDuel and rival DraftKings
called off a merger.
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.
(END) Dow Jones Newswires
November 20, 2017 17:15 ET (22:15 GMT)
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