News Highlights: Top Company News of the Day
December 18 2018 - 9:30AM
Dow Jones News
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 09:15 ET (14:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.