UAW Strike Could Cost General Motors $100 Million a Day

With no vehicles being built, the walkout involving roughly 46,000 full-time workers could dent GM's profit by $50 million to $100 million daily, analysts say.

 
Amazon Changed Search Algorithm in Ways That Boost Its Own Products

The e-commerce giant overcame internal dissent from engineers and lawyers, people familiar with the move say. The previously undisclosed change, which could help other products, too, risks further antitrust scrutiny.

 
Netflix Reaches Streaming Deal for 'Seinfeld'

Netflix has struck a five-year deal to become the exclusive world-wide streaming home of 'Seinfeld,' the hit NBC comedy from the 1990s.

 
Saudi Officials Consider Delaying Aramco IPO After Attacks

Saudi Arabian officials are discussing delaying Aramco's initial public offering, after attacks on the company's largest oil facilities sidelined more than half of the kingdom's output, people familiar with the matter said.

 
Ray-Ban Investors Should Look Beyond the Optics

EssilorLuxottica's top shareholder and activist investor Third Point are both building stakes in the eyewear giant, setting up a fresh governance battle.

 
Energy Transfer to Buy SemGroup

Energy Transfer LP said it will buy SemGroup in a unit and cash transaction valued at $17 a share, or a total consideration including the assumption of debt of $5 billion. SemGroup's shares soared on the news.

 
New Relic Shares Fall as Company Lowers Outlook, Shakes Up Executive Ranks

Shares of the cloud-software company plunged after it cut its yearly revenue outlook and said two top executives are departing.

 
Frontier to Make Debt Payments, Soothing Bankruptcy Fears

Frontier Communications Corp. on Monday was set to make roughly $320 million of debt payments, at least temporarily easing fears of a near-term bankruptcy filing for the wireline telecom company.

 
Endeavor Group Could Raise $712 Million in IPO

Endeavor Group plans to raise as much as $712.3 million in its initial public offering, the entertainment company said.

 
OxyContin Maker Purdue Pharma Files for Bankruptcy

Purdue Pharma filed for bankruptcy protection with a partial deal aimed at resolving thousands of lawsuits filed by states and local municipalities accusing it of fueling the opioid crisis.

(END) Dow Jones Newswires

September 16, 2019 15:15 ET (19:15 GMT)

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