News Highlights: Top Company News of the Day
November 19 2018 - 9:30AM
Dow Jones News
Nissan's Ghosn Arrested Amid Misconduct Probe
Nissan Motor Chairman Carlos Ghosn was arrested in Tokyo, and
Nissan said it intended to oust Mr. Ghosn from his post after
uncovering "significant acts" of financial misconduct.
Colfax to Buy DJO Global from Blackstone Funds for $3.15 Billion
Industrial-technology company Colfax is buying DJO Global, a
medical technology firm, from Blackstone-managed private equity
funds for $3.15 billion in cash, Colfax said.
Xiaomi Swings to Profit
Rising sales of higher-end smartphones helped Chinese smartphone
maker Xiaomi post a profit in the third quarter, as revenue
soared.
Novartis CEO Bets on Cutting-Edge Science to Remake Drug Giant
Novartis AG's recent acquisition streak is pivoting the company
toward new treatments that bear little resemblance to traditional
drugs.
Apple Suppliers Suffer as It Struggles to Forecast iPhone Demand
Lower-than-expected demand for Apple's new iPhones and the
company's decision to offer more models have created turmoil along
its supply chain and made it harder to predict the number of
components and handsets it needs.
Outlook for Traditional TV Goes From Bad to Worse
Cord-cutters continue to chip away at cable and satellite
providers' dominance of the living room.
With Facebook at 'War,' Zuckerberg Adopts More Aggressive Style
Mark Zuckerberg's new approach is causing unprecedented turmoil
at Facebook, driving out several key executives and creating
tensions with Chief Operating Officer Sheryl Sandberg.
Countries Push to Extract More Cash from Big Mining Companies
As gold, diamond and copper values grow, governments are
demanding Western mine operators pay higher royalties and taxes,
process commodities locally and cede control of mines.
Lion Air Crash Probe Eyes Sensor Hazards Stretching Back Years
Investigators are examining how Boeing heeded earlier warnings
on the potential hazards of flight-control-sensor failures similar
to the one implicated in last month's Lion Air jet crash.
GE Seeks Power Sales in Iraq, but Report Spotlights Corruption Concerns
General Electric is seeking sales for struggling power unit, but
faces a dilemma with Iraq, according to a consultant's report
prepared for the company. The nation needs multimillion-dollar gas
turbines-and poses corruption problems.
(END) Dow Jones Newswires
November 19, 2018 09:15 ET (14:15 GMT)
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