News Highlights: Top Company News of the Day
October 18 2018 - 9:15AM
Dow Jones News
Secretive Data Company Palantir Weighs Giant Public Offering
Data-mining giant Palantir Technologies, one of Silicon Valley's
most secretive companies, is weighing an initial public offering
likely to be among the largest in recent years.
Invesco to Buy OppenheimerFunds from MassMutual
Invesco has agreed to buy rival money manager OppenheimerFunds
for roughly $5.7 billion in stock from Massachusetts Mutual Life
Insurance.
Morgan Stanley Banker's Side Gig Could Land Role on Uber IPO
As Uber's market debut looms, Morgan Stanley's top tech banker
has taken center stage. He has moonlighted for years as a driver
for the ride-hailing service, which may help the bank win the role
of top underwriter.
U.S. Startup Accuses China's Huawei of Trying to Steal Semiconductor Technology
An escalating battle between the U.S. and China for tech
supremacy is playing out in federal court between Huawei
Technologies Co. and a Silicon Valley startup backed by Microsoft
Corp. and Dell Technologies Inc.
Novartis to Buy Cancer-Drug Maker Endocyte for $2.1 Billion
Novartis said it would buy cancer-drug maker Endocyte for $2.1
billion, the Swiss pharmaceutical giant's latest move to refocus on
higher-value medicines.
Blackstone Profit Jumps, Helped by Rising Markets
Blackstone Group reported an increase in third-quarter profit,
as continuing market strength buoyed the value of its
investments.
Travelers Profit Rises as Catastrophe Losses Shrink
Travelers earnings rose in the third quarter as catastrophe
losses fell from the prior year.
Higher Costs Hit PPG
Paint and coatings maker PPG Industries said higher prices and
cost cuts weren't enough to cover rising expenses for its
ingredients.
Inflation Is Back-and Consumer-Goods Giants Are Taking Advantage
Two of the world's largest consumer-goods companies, Unilever
and Nestlé, reported stronger sales as a wave of inflation in many
markets emboldened them to raise prices.
MSC Orders Four Luxury Ships; Rooms Cost Up to $14,000 a Week
Swiss-based MSC Cruises is ordering four ultraluxury cruise
ships worth $2.3 billion, marking its entry into a growing market
that caters to the wealthiest travelers.
(END) Dow Jones Newswires
October 18, 2018 09:00 ET (13:00 GMT)
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