News Highlights: Top Company News of the Day
December 13 2017 - 3:15AM
Dow Jones News
Toshiba, Western Digital Make Peace
Toshiba and Western Digital said they agreed to settle a dispute
over the Japanese company's planned sale of its memory-chip
unit.
Noble Midstream, Greenfield Midstream in Pact to Buy Saddle Butte Rockies
Publicly traded Noble Midstream Partners and Greenfield
Midstream, a midstream infrastructure developer backed by EnCap
Flatrock Midstream, have formed a joint venture to buy Saddle Butte
Rockies Midstream.
Sears Extends Debt, Eyes New Borrowing
Sears Holdings extended the terms of a $400 million loan while
announcing a new planned borrowing to cover pension
contributions
Electronic Arts Needs the Force to Awaken Again
Walt Disney isn't the only company with a lot riding on the new
Star Wars movie this week. Electronic Arts could really use a boost
from the Force.
New York Regulator's Fintech-Charter Lawsuit Dismissed
A federal judge in Manhattan has dismissed a state regulator's
lawsuit challenging the Office of the Comptroller of the Currency's
federal-fintech-charter effort, finding that legal challenges to
the initiative were premature.
GenOn Wins Confirmation of Chapter 11 Restructuring Plan
GenOn Energy won court approval Tuesday of a restructuring plan
that splits it from parent NRG Energy and opens the way to a sale
of the company.
Facebook to Give Countries a Chance to Tax Its Profits From Local Ads
Facebook plans to book more revenue in the countries where it
sells ads, becoming the latest tech company to bow to pressure from
nations to simplify its tax structure and potentially pay more
income tax overseas.
Canada Warns Boeing in Launch of New Aircraft Competition
Canada said it intends to launch a competition next year to buy
88 new jet fighters that threatens to penalize bidders that cause
"harm" to its economy -- another warning to Boeing Co. to drop its
trade complaint against Canada's Bombardier Inc.
Sterling Bay Is in Advanced Talks to Buy Groupon Building in Chicago
A venture of one of Chicago's most active real-estate developers
and JP Morgan Asset Management are in advanced talks to buy Groupon
Inc.'s headquarters for about $520 million from Sam Zell's Equity
Commonwealth, according to people familiar with the matter.
Pennsylvania AG Cleared to Move Ahead on Think Finance Lawsuit
A bankruptcy judge said he would allow Pennsylvania Attorney
General Josh Shapiro to move forward with a 2014 predatory lending
case against Think Finance LLC, a former lender.
(END) Dow Jones Newswires
December 13, 2017 03:00 ET (08:00 GMT)
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