News Highlights: Top Company News of the Day
October 15 2018 - 9:15PM
Dow Jones News
Microsoft Co-Founder Paul Allen Dies at 65
Microsoft co-founder Paul Allen, who helped pioneer the
personal-computer industry, died just two weeks after revealing
that a cancer he successfully received treatment for several years
ago had returned.
Twilio to Buy SendGrid
Twilio Inc. is buying SendGrid Inc. in a roughly $2 billion
all-stock deal that would add email delivery to Twilio's
offerings.
Steelworkers, U.S. Steel Reach Tentative Contract Agreement
The United Steelworkers union has struck a tentative agreement
for a new labor contract with U.S. Steel Corp.
Sears Seeks to Repair Fraying Supply Chain in Bankruptcy
The retailer says about 200 suppliers recently stopped shipping
goods and that it needs to pay transportation carriers and
logistics companies to keep remaining merchandise moving.
Seritage Seeks to Reassure Shareholders After Sears Bankruptcy
Seritage Growth Properties, the property company Edward Lampert
carved out of Sears Holdings three years ago, tried to reassure
investors on Monday that it still has a bright future even though
Sears, its biggest tenant, has filed for bankruptcy.
Adobe Sees Expanded Addressable Market
Adobe Systems said it now sees a better financial opportunity
and released targets for fiscal 2019 that were roughly in line with
Wall Street expectations.
Bank of America Profit Rises 32%
Bank of America, the second largest U.S. lender by assets,
reported third-quarter net income rose 32% as the bank continued to
benefit from a strong economy, higher interest rates and recent
federal corporate tax changes.
Top Wall Street Executives Shun Saudi Conference
The fallout from dissident journalist Jamal Khashoggi's
disappearance may jeopardize what Wall Street saw as a Saudi fee
bonanza, as CEOs of JPMorgan, Blackstone and BlackRock announced
they're pulling out of a high-profile investment conclave this
month.
Hollywood Talent Agency Seeks to Cancel Investment From Saudi Arabia
Endeavor, once known as William Morris, is trying to terminate a
$400 million investment from the Saudi Public Investment Fund. The
move follows the disappearance of journalist Jamal Khashoggi.
Icahn to Oppose Dell's Purchase of DVMT Tracking Shares
Carl Icahn revealed an 8.3% stake in DVMT and says he plans to
vote against Dell's plan to buy the stock as part of a deal
intended to return Dell to the public markets.
(END) Dow Jones Newswires
October 15, 2018 21:00 ET (01:00 GMT)
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