News Highlights: Top Company News of the Day
December 13 2017 - 11:30AM
Dow Jones News
China's LexinFintech Shrinks IPO Fundraising Goal
LexinFintech, a Chinese online lender planning to go public in
the U.S., has scaled back its fundraising ambitions after
regulatory changes in China sparked a rout in the shares of other
online lenders, according to people familiar with the matter.
U.S., Japan Express Concern Over China's Interest in Saudi Oil Giant
The U.S. and Japan have urged Saudi Arabia to pursue an
international listing for oil giant Aramco, fearing the possible
sale of a stake to China would give Beijing too much sway in the
Middle East.
Apple Invests in Face ID Tech Maker Finisar
Apple is awarding one of its key suppliers $390 million as part
of its effort to fund domestic technology manufacturers.
Spirit Airlines CFO to Take Top Job in 2019
Spirit Airlines Inc. said Wednesday chief financial officer Ted
Christie will take over as chief executive officer in 2019,
replacing the company's current leader, Bob Fornaro.
Google Seeks Path Back to China With AI Lab
Search giant Google opened an artificial-intelligence lab in
Beijing in a bid to attract China's tech prodigies and strengthen
its standing in the restrictive market.
Toyota Sees Half of Sales Coming From Hybrids, EVs
Toyota's president became the latest auto chief to offer
ambitious targets for hybrid and electric vehicles, saying the
category would make up half of Toyota's global sales by 2030.
Will Regulators Penalize Fox-Disney Deal Over Sports?
With viewers turning to streaming video, sports has come to
dominate traditional TV. That's one reason behind a potential 21st
Century Fox--Disney deal. And it's one reason why regulators could
frown on such an agreement.
Zara's Shrinking Profit Margins Expose a Fashion Behemoth
Shrinking profit margins at the parent company of Zara have
exposed a weakness in the armor of a fashion behemoth that has
largely resisted the headwinds battering the industry.
Toshiba, Western Digital Make Peace
A battle of multibillion-dollar investments in the memory-chip
business is set to accelerate after Toshiba and Western Digital
patched up their differences to take on Samsung Electronics.
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
(END) Dow Jones Newswires
December 13, 2017 11:15 ET (16:15 GMT)
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