News Highlights: Top Company News of the Day
October 22 2018 - 5:30AM
Dow Jones News
Fiat Chrysler Unloads Car-Parts Unit in $7.1 Billion Deal With KKR
Japan's Calsonic Kansei agreed to buy Fiat Chrysler's auto-parts
business, Magneti Marelli, for $7.1 billion, a deal that will
catapult the combined company into the top ranks of global auto
suppliers.
Ryanair Earnings Hit by Staff and Fuel Costs
European budget airline Ryanair Holdings said second-quarter net
profit-during the busy summer season-fell 6%, three weeks after the
company cut its full-year guidance.
Goldman Changes Asia Banking Leadership as New CEO Digs In
Goldman Sachs is shaking up its leadership in Asia, where a
high-profile corruption scandal has dampened an otherwise strong
stretch of deal-making.
Uber Ambitiously Eyes 2021 for Food-Delivery Drones Launch
Uber Technologies envisions taking to the skies with a fleet of
food-delivery drones in as little as three years, an ambitious
timeline for a ride-hailing company that would face technical
challenges and regulatory hurdles.
Richard Parsons Steps Down From CBS Board
CBS interim chairman Richard Parsons is resigning because of
health issues. New board member Strauss Zelnick will succeed
him.
UBS Cautions Private Bankers on Travel to China
Swiss bank UBS has warned some of its bankers to reconsider
travel to China following a request by authorities in the country
for one of its wealth managers to aid in an investigation.
Deal to Create Chinese Lithium Giant Faces Legal Challenge
A Chilean court is set to rule on a legal challenge to Tianqi
Lithium's deal to buy 24% of mining company SQM-which critics say
could create a cartel for a key element in electric-vehicle and
smartphone batteries.
Will Tech Leave Detroit in the Dust?
As IPO proposals value Uber at an eye-popping $120 billion, auto
makers are racing to gain ground in everything from car sharing to
driverless technology. At stake: who will control the future of
transportation.
A Billionaire Pledges to Fight High Drug Prices, and the Industry Is Rattled
Ex-energy trader John Arnold has put $100 million behind efforts
to curb prices. Drugmakers say his view is flawed and
oversimplified, and will restrict patients' access to important
medicines.
Amazon Wants Alexa to Do More Than Just Play Your Music
Amazon.com Inc., battling Google for voice-assistant supremacy,
is accelerating efforts to make Alexa more useful, offering
developers incentives to add games, enhance AI skills.
(END) Dow Jones Newswires
October 22, 2018 05:15 ET (09:15 GMT)
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