News Highlights: Top Company News of the Day
December 12 2017 - 9:15AM
Dow Jones News
Mall Operator Westfield Agrees to Takeover Bid Valued at $16 Billion
Westfield, the Australian operator of marquee malls from
California to New York's World Trade Center, agreed to a $15.7
billion takeover offer from European shopping-center giant
Unibail-Rodamco.
GE Probed Who Knew About Spare Jet for Immelt
General Electric Co. recently conducted an internal review into
the flying of a spare business jet to accompany former Chief
Executive Jeff Immelt, as it seeks to understand an unusual
practice that went on for years and surprised investors when they
learned of it in October.
Saudi Aramco Ramps Up Spending to Over $40 Billion a Year
Saudi Arabian Oil Co. unveiled a plan to invest more than $40
billion a year in projects over the next decade, a significant
expansion for the world's largest energy company ahead of its
expected public listing.
Cuomo Points to Tech Companies After New York Bombing Attempt
The immigrant who tried to set off a bomb strapped to his body
in one of New York City's busiest transit hubs Monday morning
downloaded information from the internet on how to build such a
device, according to New York Gov. Andrew Cuomo.
Atos Makes $5 Billion Offer to Buy Gemalto
French IT services firm Atos is making an unsolicited bid to buy
smart-card maker Gemalto-part of a wave of deals in the payment
space as rivals join forces to cut costs.
Bet on UniCredit for Europe's Banking Recovery
The threat of higher capital charges isn't over for European
banks, but UniCredit, Italy's biggest lender, can take this in its
stride.
Amazon Opens a Second Cloud-Computing Center in China
Amazon.com opened a second cloud-computing data-center complex
in China on Tuesday, underlining the importance of the market to
its cloud-computing unit, Amazon Web Services.
With California Wildfires, Insurers' Losses Keep Spiraling Higher
Raging wildfires in Southern California could push the amount of
insured losses this year from natural disasters to a record.
Toshiba and Western Digital Resolve Dispute Over Chip Unit
Toshiba and Western Digital agreed to settle a dispute over the
Japanese company's planned sale of its memory-chip unit, clearing a
major hurdle to the nearly $18 billion deal.
Passport Capital to Shut Flagship Hedge Fund
John Burbank's Passport Capital, famed for its profitable bets
against subprime housing ahead of the financial crisis, will
shutter its flagship fund after persistent losses, according to a
letter to investors.
(END) Dow Jones Newswires
December 12, 2017 09:00 ET (14:00 GMT)
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