What's News: Business & Finance -- WSJ
October 10 2018 - 3:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (October 10, 2018).
Sears Holdings has hired advisory firm M-III Partners to prepare
a chapter 11 filing that could come as soon as this week.
SoftBank is in talks to take a majority stake in WeWork, an
investment that could total between $15 billion and $20
billion.
Ackman said his activist hedge fund Pershing Square has built a
roughly 1.1% stake in Starbucks.
Trian disclosed a stake in PPG and is said to own about 2.9% of
the company.
Lennar is in talks with Stone Point Capital to sell the home
builder's Rialto real-estate lending unit.
Google appealed the EU's $4.97 billion antitrust fine for
allegedly abusing the dominance of its Android system for mobile
phones.
Google launched new mobile and home gad gets leveraging its
voice-controlled Google Assistant.
The S&P 500 fell 0.1% amid a broad selloff among materials
firms. The Dow slipped 0.2% to 26430.57.
Sales at Volkswagen's namesake brand fell more than 18% last
month.
HSBC will pay $765 million to settle claims it covered up risks
tied to residential-mortgage products.
Exxon will put money toward promoting a national carbon tax as a
way to address global warming.
McDonald's franchisees are considering a push to urge the firm
to help improve profit at their restaurants.
(END) Dow Jones Newswires
October 10, 2018 02:47 ET (06:47 GMT)
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