News Highlights: Top Company News of the Day
August 21 2018 - 05:30AM
Dow Jones News
BHP Posts Higher Profit and Dividend
BHP Billiton Ltd. said fiscal-year net profit fell 37% because
of one-time charges, but the world's biggest miner by market value
recorded a 33% rise in underlying profit and a record final
dividend.
BHP Is Mining a Rich Seam for Now
After a shaky few years the world's biggest miner is back on
track, with profits up and dividends surging.
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.
Citgo Seeks to Delay Auction of Shares
Citgo Petroleum is asking a federal judge to wait out a higher
court ruling before auctioning off its assets to satisfy
Venezuela's creditors.
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.
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.
China Biologic Gets $3.9 Billion Buyout Offer From Former CEO
The former leader of China Biologic Products Holdings Inc. has
added his name to the list of suitors hoping to take the company
private.
Hertz Nabs CFO From Nielsen
Car-rental giant Hertz Global Holdings named Jamere Jackson, the
former finance chief of Nielsen Holdings, to lead its finance
team.
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.
Stolen Horizon Air Plane Believed Deliberately Crashed
Federal investigators have tentatively determined the
ground-services worker who stole an empty Horizon Air turboprop
this month ended up crashing the airliner in a suicidal dive,
according to people familiar with the probe.
(END) Dow Jones Newswires
August 21, 2018 05:15 ET (09:15 GMT)
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