News Highlights: Top Company News of the Day
December 19 2018 - 5:30AM
Dow Jones News
SoftBank Unit's Shares Slide Nearly 15% After $24 Billion IPO
SoftBank's Japanese mobile-phone unit, which launched one of the
biggest public share offerings in recent years, made a
disappointing debut as investors worried about a price war and the
company's reliance on Chinese supplier Huawei Technologies.
Pfizer and Glaxo to Combine Consumer-Health Businesses
Pfizer and GlaxoSmithKline plan to combine their consumer-health
units, and may spin the joint venture off-creating a global giant
selling drugstore staples like Advil and Sensodyne toothpaste.
Micron Cuts Plans for Spending, Chip Production
The memory-chip maker's profit rose 23% in the most recent
quarter, but a tepid outlook on earnings sent the stock down 9% in
after-hours trading.
Micron Brings Back Painful Memories
In keeping with the Christmas spirit, Micron just delivered
investors a lump of coal-one that looks likely to last well into
the new year.
Bristol-Myers to Sell French Unit to Japan's Taisho for $1.6B
Bristol-Myers Squibb said it has received a $1.6 billion offer
for its French consumer-health unit from Japan's Taisho
Pharmaceutical.
CVC Seeks Buyers for Asian Funeral Group Nirvana
A deal for Asia's largest death-services provider by revenue
could be worth $1.5 billion to $2 billion.
Tucker Carlson Faces Advertising Boycott Over Immigration Comments
Companies continued to pull commercials from Fox News program
"Tucker Carlson Tonight" after the show's host said on-air that
certain immigrants were making the U.S. "dirtier and more
divided."
CBS Shifts to Hunt for Next CEO
Tom Staggs, the former operating chief of Walt Disney, has
emerged as a top candidate for the chief executive job at CBS, as
the network looks to turn the page on months of uncertainty and
upheaval since the departure of Leslie Moonves.
CVS Urges Judge Not to Halt Integration of Aetna
A federal judge softened his previous suggestion that he would
likely issue a court order requiring CVS Health to halt its
integration of newly acquired insurer Aetna, citing CVS's pledges
to keep certain aspects of Aetna's operations separate for now.
FedEx Starts Buyout Program as Express Struggles
The delivery carrier says it expects a pretax charge of up to
$575 million from the buyout plan and that it intends to cut
international capacity at FedEx Express, where performance has
weakened.
(END) Dow Jones Newswires
December 19, 2018 05:15 ET (10:15 GMT)
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