News Highlights: Top Company News of the Day
May 21 2018 - 9:15PM
Dow Jones News
Sony to Buy Mubadala's Stake in EMI Music Publishing
Sony has agreed to buy Mubadala Investment's stake in EMI Music
Publishing in a deal with an enterprise value of about $4.75
billion.
Adobe to Buy E-Commerce Firm Magento Commerce for $1.68 Billion
Adobe Systems Inc., the elder software-business statesman, is
buying e-commerce firm Magento Commerce for $1.68 billion, adding a
key piece to its platform
Boeing Faces Fresh Union Vote
A group of workers at Boeing Co's large plane-making facility in
South Carolina will vote on union representation later this month
after labor regulators on Monday cleared a path for a fresh
ballot.
Politico Expands Into Asia Via South China Morning Post
Politico, the U.S. website known for its blanket coverage of all
things politics, is launching a partnership with the Hong Kong
newspaper and website owned by Jack Ma's Alibaba Group.
Icahn Sues AmTrust Over Deal to Go Private
Activist investor Carl Icahn is suing AmTrust Financial
Services, a firm in which he owns a 9.4% stake, over the company's
deal to go private.
Starbucks Clarifies Policy on Allowing Nonpaying Guests
Starbucks tried to dig itself out of controversy by attempting
to clarify a policy toward nonpaying guests that generated an
onslaught of complaints that cafes would turn into homeless
shelters and drug havens.
Uber's New Rules on Arbitration for Sex-Related Claims Face First Test
A former Uber Technologies software engineer is suing the
ride-hailing firm alleging years of sexual harassment, race
discrimination and pay inequity, marking the first test of the
company's new policy for sex-related claims.
The Obama Channel? Obamas Sign Deal With Netflix
Netflix signed the former president and first lady to a
multiyear deal to produce shows and documentaries for the streaming
platform.
Britain Unlikely to Review Comcast's Sky Deal
Britain is unlikely to open an antitrust review into Comcast's
$30 billion bid for U.K. pay-TV company Sky, a government official
said, removing a hurdle for the cable firm in a takeover battle
that also includes Fox and Disney.
Why Congress Sees ZTE as National-Security Threat
President Trump said he wanted to help China's ZTE "get back
into business" just one month after his administration imposed
crippling penalties on the telecom company. The comment sparked
backlash in Washington, forcing the president to justify his sudden
interest in saving the controversial company.
(END) Dow Jones Newswires
May 21, 2018 21:00 ET (01:00 GMT)
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