News Highlights: Top Company News of the Day
August 17 2018 - 3:15PM
Dow Jones News
The Game Has Changed at Tesla
An SEC investigation means Tesla's precarious cash situation
could become critical in the coming months.
Deere Reports Strong Demand Despite Tariff-Concerned Farmers
Deere reported higher earnings, saying that farmers are
continuing to buy equipment even as they worry about potential
tariffs on their products.
Get in Line: Backlog for Big Rigs Stretches to 2019
With freight demand red-hot, truck manufacturers expect to break
records for orders this year, and deliveries will reach deep into
next year.
Foxconn Pursues Chip Ambitions With Plans for China Plant
Foxconn is making a new push into semiconductors, teaming up
with a local government in China's Pearl River Delta to build a
chip fabrication plant.
Maersk to Spin Off Drilling Unit as Break Up Moves Forward
Maersk said it will seek a separate listing of its drilling unit
next year, aiming to generate cash proceeds of around $1.2 billion
by floating the entire unit.
Deutsche Bank's Surprise Bond Offer
The German bank launched an unexpected offer to buy bonds of
Noble Group, the embattled Singapore-listed commodity trader.
PNC Faces Probe Over Low-Income Tax Credits
Federal prosecutors are looking into how PNC Financial Services
Group Inc. purchased tax credits meant to fund housing for
low-income people, the bank said.
Panera Founder Backs Cava in Zoe's Kitchen Deal
Zoe's Kitchen has agreed to be acquired by Cava Group in a deal
valued at $250 million. Ron Shaich's Act III Holdings is set to
lead a 'significant' equity investment in Cava restaurants as part
of the deal.
Google Defends Push Into China Amid Censorship Concerns
Google Chief Executive Officer Sundar Pichai defended to
employees the internet giant's controversial push to do more
business in China but said the company is "not close to launching a
search product" in the country.
Nordstrom Deserves Better
Nordstrom has been bucking the doom-and-gloom in the retail
sector for some time. Success in both luxury and discount speaks to
Nordstrom's strength, which investors aren't giving it enough
credit for.
(END) Dow Jones Newswires
August 17, 2018 15:00 ET (19:00 GMT)
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