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 09:15 ET (13:15 GMT)

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