News Highlights: Top Company News of the Day
August 14 2018 - 5:15AM
Dow Jones News
Icahn Backs Down on Cigna-Express Scripts Deal
Carl Icahn no longer plans to solicit votes from Cigna
shareholders against the health-insurer's $54 billion deal to buy
Express Scripts after two proxy-advisory firms recommended
shareholders support the deal.
Citigroup Shuffles Consumer Leadership
Citigroup Inc. is making changes to its consumer-banking
leadership in a bid to deliver a more seamless approach to
customers.
Larger Tesla Stake Could Aid Saudi Diversification Plan
A potential increase in Saudi Arabia's Tesla stake could help
the kingdom's ambitions to build a base for electric-car production
and diversify away from oil.
Tencent Earnings: What to Watch
Chinese tech giant Tencent Holdings is scheduled to report its
second-quarter earnings after the market closes in Hong Kong on
Wednesday. Here's what you need to know.
India Looks to Curb U.S. Tech Giants
Indian policy makers are looking for ways to tamp down American
tech behemoths, a shift that could crimp growth potential in one of
the biggest remaining open markets for expansion.
Monsanto Gives Investors a New Reason to Avoid Bayer
Investors wiped almost $11 billion off the value of German
chemical giant Bayer, which bought Monsanto, after a jury ruled its
weed killer posed a "substantial danger" to consumers.
Fintech Crowd Dives Into Subprime Credit-Card Lending
Financial-technology startups are stepping into a void
increasingly left by credit-card-issuing banks: lending to
customers with poor credit histories.
RH CFO Karen Boone to Resign, Ryno Blignaut Named Successor
RH finance chief Karen Boone has resigned and will be replaced
by Ryno Blignaut, the company said Monday.
Bayer Shares Plunge After Monsanto Weed Killer Ruling
Shares in Bayer dropped 10% after recently acquired Monsanto was
ordered to pay $289.2 million in a landmark lawsuit over whether
exposure to two of its weed killers caused cancer.
Wrangler Owner VF Plans to Spin Off Jeans Business
VF Corp., owner of Lee and Wrangler jeans, plans to spin off its
denim business in a bid to sharpen its focus on faster-growing
outerwear and activewear brands.
(END) Dow Jones Newswires
August 14, 2018 05:00 ET (09:00 GMT)
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