Rent-A-Center Ends Deal to Be Acquired by Vintage Capital

Rent-A-Center said it terminated its roughly $800 million agreement to be acquired by Vintage Capital Management after the investment firm didn't extend the deal's deadline.

 
Huawei Slams Efforts to Block It From 5G Rollout

A top executive at Chinese tech giant Huawei Technologies branded as irresponsible efforts to block the company's sale of 5G products and said its equipment is safe, challenging foreign officials to back up claims that it poses a cybersecurity threat.

 
Ghosn's U.S. Push Irked Nissan Executives

Carlos Ghosn's drive to increase Nissan's market share in the U.S. created tension with the company's management, who felt his push came at the expense of investing in Japan.

 
Goldman Sachs Ignored 1MDB Warning Signs

Goldman Sachs Group Inc.'s push for Asian business and lax oversight of partners led the bank to speed past warning signs in its dealings with a corrupt Malaysian investment fund, internal documents and interviews with people involved in the transactions show.

 
Europe Tackles Chinese Competition With Investment in Microelectronics

EU's antitrust watchdog approved plans by France, Germany, Italy and the U.K. to fund a multibillion research project in microelectronics, as the bloc seeks to keep up with Chinese competitors.

 
Dentsu Acquires Digital Agency DEG

Overland Park, Kan.-based DEG, which has around $50 million in revenue and 300 employees, is being sold for approximately $150 million, according to a person close to the deal.

 
J&J Slammed by Concern Over Baby Powder Safety

Johnson & Johnson faced continued concerns on Wall Street about the threat posed by lawsuits over the safety of the company's signature baby powder.

 
Former CBS Chief Moonves Won't Get $120 Million Severance Payment

Leslie Moonves won't receive any of his severance package after the company reviewed the findings of a probe into allegations he sexually harassed and assaulted many women during his career.

 
T-Mobile Takeover of Sprint Clears U.S. Security Panel

T-Mobile won approval from U.S. national-security officials for its planned takeover of Sprint, bringing the two rivals a step closer to closing their roughly $26 billion combination.

 
Oracle Revenue Flat as Push to Bolster Cloud Business Continues

Oracle reported flat revenue for its latest quarter, a result better than what Wall Street had been expecting, as the software giant made progress in a piece of its struggling cloud business.

(END) Dow Jones Newswires

December 18, 2018 09:00 ET (14:00 GMT)

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