Sears Offers to Sell Bonds to Hedge Funds That Bet on Its Default

Debt auction could juice returns on funds' bearish credit derivative bets while raising cash for Sears

 
Snap's Head of Content to Leave Company

Snap's head of content Nick Bell plans to leave the social-media company by year's end, bringing to at least a half dozen the number of executives who have left the firm over the past year.

 
Facebook to Give Special Access to French Regulators

A team of French regulators will spend six months monitoring how Facebook removes certain kinds of illicit content as part of a pilot program between the social media giant and the French government.

 
California Utilities Plummet on Wildfire Fears

Shares of two of California's largest utilities plunged Monday as concerns escalated that the companies could face billions of dollars in potential liabilities as a result of the state's latest devastating wildfires.

 
Record Biotech IPO May Be Worth the $7 Billion

Moderna is slated to offer the largest Biotech IPO on record, and a $7 billion valuation isn't as crazy as it sounds.

 
GE Shares Fall Again, Hit New Low

General Electric shares continued to slide even as new CEO Larry Culp tried to put the market at ease about the company and its troubled power division.

 
Athenahealth to Sell Itself for $5.47 Billion

Health-care software firm Athenahealth is selling itself to an affiliate of two private-equity firms for $5.47 billion in cash months after an activist investor offered to take the business private.

 
Kodak Expects $390 Million in Printing Business Deal

Kodak says it will receive up to $390 million by selling its Flexographic Packaging unit to a private-equity investor, a deal that could help the company pay down a loan that matures next year.

 
Coty's Names New CEO

Coty announced a new chief executive and changes to its board, days after reporting sluggish sales, particularly in its consumer beauty division, and disruptions in its supply chain.

 
Diageo to Sell 19 Brands Amid Focus on Premium Spirits

The world's largest liquor maker is selling a portfolio of brands, including Goldschläger and Seagram's VO whiskey, to Sazerac for $550 million as it pivots toward premium brands and higher-growth products.

(END) Dow Jones Newswires

November 12, 2018 17:00 ET (22:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.