News Highlights: Top Company News of the Day
July 23 2018 - 1:15PM
Dow Jones News
Top Fiat Chrysler Executive to Leave in Wake of CEO Change
Fiat Chrysler Automobiles said its European operations chief
resigned, adding to the turmoil at the car maker after the sudden
departure of its longtime chief executive.
Tesla Wants Its Money Back
Elon Musk is asking for donations to save Tesla. The Wall Street
Journal reported Sunday that Tesla has asked some suppliers to
refund a portion of what Tesla has paid them. Tesla shareholders,
usually not the type to worry, sent the shares down 5% in early
trading Monday.
Qualcomm Faces Demise of NXP Deal as Trade Fight Rumbles On
Qualcomm is set to find out this week if its $44 billion deal to
buy chip maker NXP Semiconductors will become one of the biggest
casualties in the U.S.-China trade battle.
Speaker Maker Sonos Sets IPO Price Range
High-end speaker company Sonos laid out the terms for its
initial public offering in a regulatory filing, expecting its
shares to price between $17 to $19 each.
Cushman & Wakefield Sets IPO Price Between $16 And $18
Real-estate-services firm Cushman & Wakefield said Monday in
a regulatory filing that it expects shares in its initial public
offering to sell for $17 to $19 each.
Boom Times Really Are Coming for Oil-Field Service Giants
Halliburton, Baker Hughes a GE Company and Schlumberger rolled
out results that once again disappointed investors, but tightness
in the right markets may soon change that.
Barrick Gold President Departs to Lead AngloGold Ashanti
Barrick Gold announced that its president, Kelvin Dushnisky, is
leaving the company to join AngloGold Ashanti as its chief
executive officer.
New York Daily News to Cut 50% of Editorial Staff
The New York Daily News announced that it would cut its
editorial staff by half as part of a major restructuring to address
"significant financial challenges" the Big Apple tabloid has faced
for years.
Chinese Telecom Giant Could Dial Up the Biggest IPO Since Alibaba
China Tower, the monopoly behind China's vast network of
cellphone towers, started marketing what could be the world's
largest initial public offering in four years.
Cooperman to Turn Omega Fund Into Family Office
Veteran hedge-fund manager Leon Cooperman is planning to change
the Omega fund into a family office, a move that's become more
common in recent years.
(END) Dow Jones Newswires
July 23, 2018 13:00 ET (17:00 GMT)
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