News Highlights: Top Company News of the Day
September 18 2018 - 5:15PM
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
about taking the electric-car maker private.
Former SeaWorld CEO Settles Claim He Misled Investors
James Atchison will pay more than $1 million to settle SEC
charges he wasn't upfront with investors about the impact
documentary film "Blackfish" would have on the theme-park
operator.
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.
WeWork Reaches Settlement on Noncompete Pacts
The shared-office company agreed to sharply curtail its practice
of requiring most employees to sign broad noncompete agreements, as
part of a settlement with the attorneys general of New York and
Illinois.
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.
(END) Dow Jones Newswires
September 18, 2018 17:00 ET (21:00 GMT)
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