News Highlights: Top Company News of the Day
November 22 2019 - 3:30AM
Dow Jones News
Charles Schwab Holds Talks to Buy TD Ameritrade
The companies are holding talks toward a deal that would likely
value TD Ameritrade at around $26 billion and would reshape the
discount-brokerage market, where millions of individual investors
buy and sell stocks.
Levine Leichtman Capital Acquires Tool Maker Milton Industries
Levine Leichtman Capital Partners has acquired Milton
Industries, a provider of tools and accessories for end markets
including aerospace, defense, vehicle service and agriculture.
Facebook Weighs Steps to Curb Narrowly Targeted Political Ads
Facebook is considering making changes to its
political-advertising policy in an effort to spurn the spread of
misinformation.
Tesla Unveils Electric Pickup and Targets Detroit Rivals' Profit Engine
Elon Musk unveiled the next piece of Tesla's electric-vehicle
vision: a pickup truck with a starting price of $39,900. But the
road won't be easy.
German Public Broadcaster's TikTok Debut Sparks Backlash
A decision by the German public broadcaster to share videos on
Chinese-owned TikTok is sharpening concern in Germany about
censorship and security and fanning a debate about the cost of the
country's vast public-sector media system.
Temasek to Expand Investment in Asian Agriculture Technology Companies
Investments into Asian firms will likely accelerate in coming
years to make up a greater proportion of Temasek's total bets in
the agricultural-technology industry, an executive of the state
investment company said.
Bumble Bee Files for Bankruptcy With $925 Million Offer From Taiwan's FCF
Bumble Bee Foods, one of the nation's largest canned tuna
providers, filed for bankruptcy protection, with an agreement to
sell its assets to Taiwan's FCF Fishery for roughly $925
million.
Boldstart Ventures Drops Interest in Enterprise Blockchain
The New York seed firm Boldstart Ventures evaluated some 750
enterprise blockchain startups through an accelerator program,
MState, but invested in just one, according to Ed Sim, the firm's
founder and managing partner.
WeWork to Cut Around 17% of Workforce
Troubled office-space startup WeWork said it would shed around
2,400 jobs following its botched initial public offering in an
effort to reduce mounting losses. The job cuts, which represent
about 17% of its workforce, began around the globe weeks ago and
spread this week to employees in the U.S.
The Future of Online Trading Is in Banking and Wealth Management
First beat your rivals up on price, and then buy one. If that is
how things play out for Charles Schwab, investors could stand to
gain.
(END) Dow Jones Newswires
November 22, 2019 03:15 ET (08:15 GMT)
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