News Highlights: Top Company News of the Day
November 18 2019 - 3:30PM
Dow Jones News
Trump Administration Extends Rural Telecoms' License for Huawei Gear
The Commerce Department extended a license allowing rural U.S.
telecom providers to continue working with Chinese equipment maker
Huawei, despite national-security-related restrictions imposed six
months ago.
T-Mobile CEO John Legere to Step Down Next Year
T-Mobile US said CEO John Legere will step down this spring,
handing the top job to operating chief Mike Sievert in a carefully
planned handover.
Kylie Jenner Sells $600 Million Stake in Beauty Business
Coty is paying $600 million for a controlling stake in Kylie
Jenner's cosmetics startup, wagering that the celebrity's brand can
revive a struggling beauty business based on CoverGirl and
MaxFactor.
TikTok Looking at Ways to Shake Off Its Ties to China
TikTok this year made history as China's first social-media
company to make it big in the U.S. Now, it wants to shed its label
as a Chinese brand.
An Overpriced IPO Won't Help Aramco
By insisting on a high starting price for the Saudi oil giant,
Crown Prince Mohammed bin Salman risks hitting local individual
investors.
Molson Coors Chases Young Adults-And Not Just With Beer
Molson Coors has bought a large stake in a nonalcoholic-beverage
incubator to expand its portfolio with high-end, better-for-you
drinks.
Madrid Stock Exchange Attracts Interest From European Rivals
A bidding war for the Madrid stock exchange looked likely as one
rival European exchange made a bid and another stated its interest
in the Spanish bourse, in the latest push for consolidation among
trading venues.
HP's Clock Is Now Ticking Faster
HP and Xerox at least seem to agree on one thing: the printing
and copying business needs consolidation.
P&G Pursues the Do-It-Yourself Health-Care Business
Americans' fixation on self-care has them spending billions to
treat conditions from insomnia to itchy skin without doctors or
prescription drugs. Procter & Gamble is trying to seize on the
trend.
Yahoo Japan and Chat App Line Agree to Merge
Internet portal Yahoo Japan and chat app Line said they have a
basic agreement to merge in a deal that includes a $3.1 billion
buyout of Line's minority shareholders
(END) Dow Jones Newswires
November 18, 2019 15:15 ET (20:15 GMT)
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