Goldman Pursues Majority Stake in Its China Venture

Goldman Sachs has applied with Chinese regulators to take a majority stake in an investment-banking joint venture, the most recent move by a foreign company to tap the nation's vast financial sector.

 
Walmart Sues Tesla Over Solar Cells That Allegedly Sparked Fires

Walmart is suing Tesla, alleging that some of the company's solar panels sparked roof fires at several of the retailer's locations, adding to the problems the electric car maker has had with its venture to power homes and stores.

 
China Resists Charge by Twitter, Facebook of Disinformation Effort

China's government pushed back against moves by Twitter and Facebook to curb accounts the companies said were part of a state-sponsored disinformation campaign against Hong Kong protesters.

 
Huawei Finance Chief Argues Canada Abused Her Rights

Huawei's CFO Meng Wanzhou argued in court documents that Canadian efforts to extradite her to the U.S. should be stayed because of misconduct by Canadian and U.S. law enforcement.

 
BlackRock Unit Gets Approval to Take Russia-Linked Firm's Stake in Cybersecurity Company

A national-security panel that oversees foreign investment in U.S. businesses approved the transfer of a stake in cybersecurity company Cofense from a Russia-linked private-equity firm to funds managed by BlackRock.

 
Department-Store Woes Catch Up to Kohl's

Kohl's reported its third consecutive decline in quarterly sales, though it said business improved toward the end of the period and it maintained its guidance for the year.

 
General Mills Names New CFO as It Continues to Reshape Its Portfolio

Food manufacturer General Mills Inc. promoted its controller to the role of chief financial officer as the company continues to expand its portfolio of products in response to changing consumer tastes.

 
Madison Square Garden Shares Have Trouble Scoring

Shares of Madison Square Garden, home to the New York Knicks basketball team, fell 9.3% in recent trading Tuesday, on track for the biggest single-day decline on record.

 
American Dream Mall Developers Put Up Other Mega Malls as Collateral

Triple Five Group, which owns the Mall of America in Minnesota and West Edmonton Mall in Canada, has pledged nearly half of these properties as collateral for a $1.67 billion construction loan for the long-delayed project in East Rutherford, N.J.

 
Crown Resorts Profit Declines as VIP Business Falls

Australian casino operator Crown Resorts said its net profit fell 28% in the year through June, reflecting a decline in its VIP business.

(END) Dow Jones Newswires

August 21, 2019 05:15 ET (09:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.