News Highlights: Top Company News of the Day
October 18 2018 - 11:15AM
Dow Jones News
Uber Borrows $2 Billion in Debut Bond Sale
Uber Technologies sold its first-ever bonds, issuing $2 billion
of debt to fund operations as it prepares for an IPO expected next
year.
U.S. Startup Accuses Huawei of Trying to Steal Its Technology
An escalating battle between the U.S. and China for tech
supremacy is playing out in federal court between Huawei
Technologies and a Silicon Valley startup backed by Microsoft and
Dell Technologies.
Banker Who Drives for Uber Puts Morgan Stanley in Lead to Land 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.
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.
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.
5G Has Arrived. It's Been A Long Wait for Ericsson, Nokia.
After years of stagnant sales, the push to build new 5G networks
is finally paying off for the world's telecom-equipment makers.
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.
(END) Dow Jones Newswires
October 18, 2018 11:00 ET (15:00 GMT)
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