News Highlights: Top Company News of the Day
October 18 2018 - 1:15PM
Dow Jones News
Coca-Cola Shuffles Executives; CEO Names a No. 2
CEO James Quincey promoted company veteran Brian Smith into
Coca-Cola's vacant No. 2 role and disclosed the retirement of
finance chief Kathy Waller.
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 and a
Silicon Valley startup backed by Microsoft.
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 is weighing an initial
public offering likely to be among the largest in recent years.
Invesco to Buy OppenheimerFunds From MassMutual
Invesco agreed to buy rival Massachusetts Mutual Life
Insurance's OppenheimerFunds unit for $5.7 billion, adding to a
string of acquisitions that have transformed the firm into a $1
trillion money manager.
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.
(END) Dow Jones Newswires
October 18, 2018 13:00 ET (17:00 GMT)
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