News Highlights: Top Company News of the Day
October 14 2019 - 9:15AM
Dow Jones News
SoftBank Seeks WeWork Control Via Financing Package
SoftBank has prepared a financing package that would give it
control of WeWork and further sideline its founder Adam Neumann in
exchange for relieving the shared-office startup's looming cash
crunch, according to people familiar with the matter.
Johnson & Johnson's Legal Challenges Mount
Johnson & Johnson faces more than 100,000 lawsuits and is
taking many to trial to deter what it sees as more frivolous
claims.
Deere Ramps Up Leases as Sales Slow
Deere is spending billions of dollars annually to buy its own
equipment for a leasing program, which lifts sales of new farm
tractors and construction machinery, but adds financial complexity
and weighs on the used-equipment market.
Meredith to Launch Magazine Built Around HGTV's 'Property Brothers'
Meredith Corp. is betting the same playbook that made Magnolia
Journal its most successful magazine launch will work for a new
title featuring Drew and Jonathan Scott, the hosts of the HGTV
series "Property Brothers."
Netflix May Take an Extended Intermission
Coming results won't settle the question of longer-term
competition, which could impede recovery for the battered
stock.
Total to Buy Stake In India's Adani Gas
Total has agreed to acquire a 37.4% stake in India's Adani Gas
as the French oil-and-gas major looks to expand its footprint in
the energy-hungry South Asian nation.
Silicon Valley Takes On Amazon's Cashierless 'Go' Stores
Tech startups are challenging the cashierless checkout at Amazon
Go stores with their own systems-and are already pitching them to
retailers as smarter than partnering with Amazon.com.
Jackson Square Ventures Raises $193 Million for Latest Fund
Jackson Square Ventures, which has raised $193 million for its
third early-stage fund, says it stays away from areas that are too
popular with the majority of the venture industry.
Cat-Litter Rivals Pounce on New Shipping Strategies
Cat-litter companies worked to make their products fresher, less
dusty and easier to clean. Now they are chasing a new goal: moving
those products more cheaply.
Sears Hasn't Fared Better After Bankruptcy
Sears's bankruptcy filing was supposed to give the troubled
retailer a fresh start. But a year later, the chain is still
struggling with many of the same problems it faced before it sought
court protection.
(END) Dow Jones Newswires
October 14, 2019 09:00 ET (13:00 GMT)
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