News Highlights: Top Company News of the Day
August 18 2019 - 11:30PM
Dow Jones News
Australian Steelmaker BlueScope Plans U.S. Expansion
BlueScope Steel said it will be able to produce 850,000 more
metric tons of steel each year at its North Star business in Delta,
Ohio, once the expansion is completed.
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.
Today's Tech IPOs Offer Lower Growth for Top Dollar
Investors who buy into today's high-profile initial public
offerings are getting a raw deal. Recent tech IPOs tend to be less
profitable, slower-growing and more aggressively priced than their
predecessors.
SoftBank to Lend Founder and Employees Billions to Invest in Fund
Softbank is leaning on its employees, including its CEO, 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.
(END) Dow Jones Newswires
August 18, 2019 23:15 ET (03:15 GMT)
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