News Highlights: Top Company News of the Day
August 20 2018 - 5:15PM
Dow Jones News
Some Tesla Suppliers Fret About Getting Paid
Tesla's tumultuous year has fueled concern among some of its
suppliers about the auto maker's financial strength after
production of the Model 3 car drained some of its cash.
Total Struggles to Exit Project in Iran
Total SA is having difficulty unloading its stake in a $5
billion natural-gas project in Iran to a Chinese partner, after
stopping work on the project earlier this year due to U.S.
sanctions.
Pepsi to Acquire SodaStream in Shift to Healthier Drinks
PepsiCo has agreed to buy SodaStream for $3.2 billion, the
latest move by the cola giant to diversify away from sugary sodas
and salty snacks.
Merrill Lynch to Pay $8.9 Million to Settle Conflict-of-Interest Charge
Merrill Lynch will pay $8.9 million to settle charges it failed
to disclose a conflict of interest.
Hertz Nabs CFO From Nielsen
Car-rental giant Hertz Global Holdings Inc. named Jamere
Jackson, the former finance chief of Nielsen Holdings PLC, to lead
its finance team.
EU Conditionally Approves Linde's Merger With Praxair
European antitrust authorities granted conditional approval to
Linde's proposed merger with U.S. rival Praxair, bringing the gas
producers' two-year pursuit of a deal one step closer to
completion.
Finra Fines Interactive Brokers Over Short Sales
One of the largest retail brokerage firms, Interactive Brokers
agreed to pay a $5.5 million penalty for violations related to
"naked" short selling.
Online Luxury Retailer Farfetch Files IPO Plans
Online luxury retailer Farfetch filed plans for an initial
public offering, looking to seize on investor optimism about the
surge in high-end goods sold over the internet.
ConocoPhillips to Halt Legal Action Against Venezuela's PdVSA
ConocoPhillips will halt further legal actions against the
troubled state-run energy giant PetroleĆ³s de Venezuela over an
unpaid $2 billion arbitration award after both sides agreed on a
payment plan.
Tyson Foods to Acquire Keystone Foods for $2.16 Billion
Tyson Foods agreed to acquire Keystone Foods, a top meat
supplier to McDonald's and other chains, in a bid to make more
profitable sales to restaurants as rising supplies and tariffs
squeeze meat companies.
(END) Dow Jones Newswires
August 20, 2018 17:00 ET (21:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.