News Highlights: Top Company News of the Day
December 10 2018 - 11:15AM
Dow Jones News
Bunge CEO To Step Down
Bunge's chief executive has agreed to step down from his
position, a move that comes as the agricultural giant seeks to
placate investors upset by its performance.
Apple Hit With Sales Ban on Older iPhones in China
A Chinese court ordered Apple to stop selling older iPhone
models in the country after finding the tech giant infringed on two
patents held by Qualcomm, the chip supplier said.
Nissan, Ghosn Charged With Underreporting His Compensation
Nissan Motor's Carlos Ghosn was formally charged with
understating his compensation in Nissan's financial reports, and
prosecutors took steps to ensure he would spend Christmas in
jail.
Two British Banks Ensnared in Huawei Dispute
Two large British banks are among those ensnared in the
controversy over Huawei Technologies. The dispute escalated over
the weekend after the Chinese government warned Canada it would
face "severe consequences" if it didn't release the Chinese telecom
giant's finance chief.
Travelport Agrees to Go Private in $2 Billion Deal with Siris, Evergreen
Travelport, which operates a travel-commerce platform, has
agreed to be acquired by affiliates of Siris Capital Group and
Elliott Management in an all-cash deal valued at about $2
billion.
Amazon Cracks Down on Scams, Fires Employees Over Data Leak
Amazon has dismissed several workers in the U.S. and India for
allegedly inappropriately accessing internal data that was being
misused by disreputable merchants.
Tencent-Backed Auto-Trading Startup Looks to Raise Capital
Chinese online car-trading platform Chehaoduo Group is seeking
to privately sell shares and convertible bonds, as it looks to
expand in the country's competitive consumer auto market.
Tivity Health to Buy Nutrisystem for $1.4 Billion
Tivity Health is buying weight-management firm Nutrisystem in a
cash and stock deal the companies value at about $1.4 billion.
Uber-Lyft Showdown Shifts to Public Markets
The race between Uber and Lyft to go public next year promises
to extend their rivalry for customers to competition for global
investors.
PTC Tells Investors: Look Here, Not There
Software maker says transition to subscription model will boost
growth, but that hasn't happened yet.
(END) Dow Jones Newswires
December 10, 2018 11:00 ET (16:00 GMT)
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