News Highlights: Top Company News of the Day
August 18 2019 - 9:30PM
Dow Jones News
Market Tumult Stings the New Bond King
For much of the past decade, Daniel Ivascyn's Pimco Income Fund
has posted stellar returns. So far this year, though, the fund has
fallen short of the fund's benchmark index and nearly all of its
peers.
Nordstrom Did So Much Right, but It's Still in Trouble
Nordstrom invested heavily in e-commerce, didn't open too many
stores and has been quick to experiment with new types of shopping
formats. Yet, it's suffering the same fate as department stores
that innovated less.
Trump to Give Huawei More Time to Work With U.S. Customers
The Trump administration plans to extend a temporary license
enabling Huawei to continue working with U.S. customers despite
national-security concerns that landed the Chinese telecom on an
export blacklist.
Chinese Police Probe Gun in FedEx Package
Chinese police are investigating the presence of a gun in a
package shipped by FedEx to China from the U.S., the latest
scrutiny directed at the American shipping company by Chinese
authorities.
Disney's Latest Endeavor: Getting the Fox Studio on Track
Disney is faced with the challenge of integrating Fox's
entertainment assets, which have languished as executives and staff
left during the year-and-a-half it took to close the deal and
movies flopped.
SoftBank to Lend Founder and Employees Billions to Invest in Fund
Softbank is leaning on its employees, including its chief
executive, for cash as the firm rushes to raise an ambitious
technology fund amid volatile markets.
PG&E Stays in Charge of Mega-Billion-Dollar Bankruptcy Exit Plan
PG&E Corp. scored a crucial win Friday, when the judge
overseeing its massive bankruptcy allowed it to hold on to sole
rights to fashion a chapter 11 exit plan.
Apollo Approached Tegna About a Sale Earlier This Year
Apollo Global Management has approached broadcasting company
Tegna about a deal as the private-equity firm looks to bulk up its
ownership of television stations, according to people familiar with
the matter.
CBS Finance Chief Faces Tough Job Merging With Viacom
Christina Spade suddenly has a much bigger job. After less than
a year as finance chief of CBS Corp., she will now shoulder the
responsibility for managing the finances of ViacomCBS Inc.
Volkswagen and SEC Are Told to Strike Deal on Lawsuit
A federal judge ordered Volkswagen and the SEC to seek a
settlement over allegations the auto maker defrauded U.S.
investors, rather than continue an expensive legal fight.
(END) Dow Jones Newswires
August 18, 2019 21:15 ET (01:15 GMT)
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