News Highlights: Top Company News of the Day
July 19 2019 - 5:30AM
Dow Jones News
Budweiser Brewer to Sell Australian Unit to Japan's Asahi
Anheuser-Busch InBev agreed to sell its Australian unit to Asahi
for $11.3 billion, including debt, as it pushes forward with an
effort to sell assets and pare debt after pulling an initial public
offering of its Asia-Pacific businesses.
Carl Icahn Takes Steps to Replace Four Occidental Petroleum Directors
The billionaire investor says the energy company's board
mismanaged its deal to acquire rival Anadarko Petroleum.
Blackstone Closes $14 Billion Permanent Infrastructure Fund
The new fund has "the equity to do things that others can't,"
said a person familiar with the fund.
Boeing Plans $5 Billion Charge to Compensate 737 MAX Customers
Boeing will set aside about $5 billion to compensate airlines
which have suffered because of the prolonged grounding of the 737
MAX plane.
Ailing BMW Appoints Production Chief Zipse as Next CEO
BMW said it would appoint its current head of production, Oliver
Zipse, as its next chief executive as the German auto maker
contends with shrinking profits, global trade fights and the
intensifying race to build electric cars.
Acacia Agrees to Increased Barrick Buyout
Acacia Mining soared after it agreed to a buyout of its minority
shareholders by majority-owner Barrick Gold in a deal valuing the
company at GBP951 million.
Investor Offers to Buy Another 3% of Aston Martin
Aston Martin's biggest shareholder has offered to buy another 3%
stake in the luxury car maker at GBP10 each, which would take its
overall investment to almost 34%.
Nordic Banks Pinched by Anti-Money-Laundering Compliance Costs
Efforts to improve anti-money-laundering controls continue to
weigh on the financial results of Nordic banks, which have faced
allegations in recent months of moving dirty money.
Gannett Closes In on Deal to Combine With GateHouse Media
USA Today publisher Gannett is nearing a deal to combine with
rival GateHouse Media, a move that would join the nation's two
largest newspaper groups by circulation.
WeWork Co-Founder Has Cashed Out at Least $700 Million Via Sales, Loans
Adam Neumann, co-founder and largest shareholder of WeWork Cos.,
has cashed out more than $700 million from the company ahead of its
initial public offering through a mix of stock sales and debt,
people familiar with the matter say.
(END) Dow Jones Newswires
July 19, 2019 05:15 ET (09:15 GMT)
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