News Highlights: Top Company News of the Day
November 12 2018 - 7:30PM
Dow Jones News
Apple Shares Sink After iPhone Suppliers Lower Outlooks
Apple shares sank further on Monday, as investors' worries
deepened about sales of new iPhones after two key suppliers for the
device cut their earnings projections for coming months.
Kellogg Considers Selling Its Fruit-Snacks and Cookies Businesses
The packaged-food company said it is exploring a sale of those
units "to enable the company to bring a sharper focus to its core
business."
Creditors Question Viability of Sears Stores
A group of Sears Holdings' creditors are questioning whether the
retailer's best move is to go through a sale process for its 400
most-profitable stores or instead cut its losses and liquidate
sooner rather than later.
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.
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.
(END) Dow Jones Newswires
November 12, 2018 19:15 ET (00:15 GMT)
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