News Highlights: Top Company News of the Day
September 18 2018 - 3:30PM
Dow Jones News
DOJ Opened Probe of Tesla After Musk's Going-Private Tweet
Tesla said it received a "voluntary request for documents" from
the Justice Department, which came after CEO Elon Musk's tweet to
take the company private.
Oracle Buys Its Way to Stability
The software giant's booming buybacks help its stock price
despite disappointing financial results.
Alibaba's Jack Ma Denies Beijing Forced Him Out
Billionaire Jack Ma said China's government didn't push him to
step down as head of Alibaba, blaming rumors emanating from outside
China for fueling such speculation.
Neiman Marcus Sales Rise but Losses Continue
Neiman Marcus reported stronger quarterly sales, as the luxury
retailer benefits from robust spending by wealthy consumers.
Mastercard, Visa Agree to Settle Merchant Antitrust Suit
Mastercard, Visa and other financial institutions have agreed to
settle a long-running antitrust lawsuit with merchants over the
fees they pay when they accept card payments for a proposed $6.2
billion.
Dollar Tree to Consolidate Support Centers
Dollar Tree said it is consolidating store support centers into
the company's new headquarters in Chesapeake, Va.
General Mills' New Pet-Food Business Slows Down
The food maker is struggling to revive sales in the U.S. as
growth in its new pet-food business slows. Sales rose 8.6% in the
latest quarter, driven by international revenue.
Facebook and Financial Firms Tussled for Years Over Access to User Data
Facebook had been haggling with financial firms over its access
to users' sensitive financial information for years, well before
coming under fire for its handling of personal data.
Bank at Center of Money-Laundering Probe Knew of Russian Blacklist Clients
Danske Bank officials knew earlier than previously indicated
about problems at its tiny Estonian branch.
Clariant Wins Back Investors With Saudi Deal
Saudi Arabia's chemicals group Sabic and Clariant of Switzerland
wasted no time in finding mutual benefits to their tie-up.
(END) Dow Jones Newswires
September 18, 2018 15:15 ET (19:15 GMT)
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