News Highlights: Top Company News of the Day
September 24 2018 - 11:30AM
Dow Jones News
TPG in Exclusive Talks to Take Over Abraaj's $1 Billion Health-Care Fund
U.S. private-equity firm TPG is in exclusive talks to take over
Abraaj Group's $1 billion health-care fund.
Michael Kors Nears Deal to Buy Versace for Around $2.4 Billion
Michael Kors is close to a deal to buy Italian fashion house
Gianni Versace for around $2.35 billion, in a move that would put
one of the glitziest names in high fashion in the hands of a
budding U.S. conglomerate better known for affordable luxury.
Comcast Shares Slide After Regulators Accept Sky Bid
Shares of Comcast fell after the cable company won a bid over
the weekend to gain control of European pay-TV giant Sky.
Sears CEO Pushes a Rescue Plan to Avoid Bankruptcy
CEO Edward Lampert wants creditors to restructure about $1.1
billion of debt due in 2019 and 2020.
Gold Giant Barrick Agrees to Buy Rival Randgold for $6 Billion
Barrick Gold agreed to buy Randgold Resources for $6 billion in
an all-share merger that will solidify Barrick as the world's
largest gold company by production, with a dominant position in
Africa.
Sirius XM to Buy Pandora in $3.5 Billion Deal
Sirius XM agreed to buy Pandora Media in a deal valued at about
$3.5 billion, as the two sides face increasing competition from
Spotify and Apple Music.
Chipotle Gets 'Real' in New Ads Focused on Fresh Ingredients
Chipotle is launching a big ad campaign promoting its commitment
to non-processed food as it looks to rehabilitate its image and
become a lifestyle brand
Carrefour Denies Takeover Talks With Rival Casino
French grocer Carrefour denied claims from rival Casino
Guichard-Perrachon that it had approached its smaller competitor
about a possible merger to create one of the world's largest retail
giants.
Airlines Try to Whip Up Better Meals for Coach Fliers
American Airlines is forming a partnership with the fast-casual
dining chain Zoës Kitchen to offer a revised onboard menu for
economy-class passengers.
Volkswagen to Test Self-Driving Vehicles Virtually
Volkswagen plans to use computer-simulated test drives to
accelerate the development of its autonomous vehicles and reduce
time- and resource-intensive hardware tests.
(END) Dow Jones Newswires
September 24, 2018 11:15 ET (15:15 GMT)
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