News Highlights: Top Company News of the Day
October 18 2018 - 7:30PM
Dow Jones News
DowDuPont to Record $4.6 Billion Charge as Agriculture Unit Suffers
A subsidiary of DowDuPont Inc. is taking a $4.6 billion charge
in the third quarter, a write-off that underscores challenges that
the company's agriculture unit faces in the Americas.
AmEx Raises Forecast, as Card Business, Merchant Count Grows
The financial-services company, which is on track to post a
record year in terms of profit and revenue, on Thursday raised its
annual forecast, thanks to growth in its card business, merchant
network and lending.
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.
CBS Names Two Showtime Executives to Senior Positions
CBS promoted two executives from subsidiary Showtime to senior
leadership positions at CBS as the media company works to remake
itself after a recent tumultuous stretch.
StarKist to Plead Guilty in Price-Fixing Probe
StarKist has agreed to plead guilty to a felony antitrust
offense for fixing prices on canned tuna and faces a fine of up to
$100 million, the Justice Department said Thursday.
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.
Noble Seeks U.S. Bankruptcy Protection As It Pursues Debt Restructuring
Noble Group Ltd. filed for bankruptcy protection Wednesday in
order to prevent creditors in the U.S. from potentially disrupting
its plan to restructure $3.5 billion in debt.
Malaysia's Petronas Set to Buy 10% Stake in Giant Oman Gas Field
Malaysia's state oil company has agreed to acquire about a 10%
stake in the giant Khazzan natural gas field in Oman, giving
Petronas a toehold in one of the biggest fracking projects ever
completed outside the U.S.
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.
(END) Dow Jones Newswires
October 18, 2018 19:15 ET (23:15 GMT)
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