News Highlights: Top Company News of the Day
December 09 2019 - 3:30AM
Dow Jones News
Tesco Weighs Sale of Supermarkets in Thailand and Malaysia
U.K.-based retailer Tesco PLC is considering selling its
supermarket businesses in Thailand and Malaysia, in deals that
could value those operations at up to $9 billion, people with
knowledge of the plans said.
Buyout Firm Leonard Green Raises Nearly $15 Billion for Two New Funds
The Los Angeles firm brought in $2.75 billion for its debut
middle-market focused fund and $12 billion is for its newest
flagship buyout fund.
T-Mobile, Sprint Head to Court to Defend Merger
The unusual merger trial starting Monday could have long-lasting
effects on the consumer wireless market and beyond.
A $7 Credit Limit: Jack Ma's Ant Lures Hundreds of Millions of Borrowers
By offering as little as a few bucks at a time to new borrowers,
a microlending business of Chinese technology giant Ant Financial
has quietly swelled into one of China's largest providers of
personal credit lines.
Rival CEOs at American, United Share a Long History
Scott Kirby and Doug Parker spent two decades working together
to drive consolidation in the airline industry. Now they are about
to square off atop two of the largest U.S. carriers.
PG&E Fire Victim Settlement Threatens Elliott Plan
PG&E Corp.'s settlement with victims of wildfires could
force a group of bondholders who want to take over the company to
re-evaluate their legal strategy, people familiar with the matter
said.
Hong Kong Airlines Finds Last-Minute Fix to Stay Afloat
Hong Kong Airlines worked out a rescue plan to let it keep
flying, after a near-collapse that partly reflects how the city's
travel industry has been hurt by months of protests.
Apple's New Buds Sing an Old Tune
Hot demand for new AirPods show Apple retains its hardware chops
despite focus on services.
Clients Pull Money at Hedge Fund That Helped Kill Toys 'R' Us
Solus Alternative Asset Management, a New York hedge fund best
known for its role in the bankruptcy of Toys "R" Us, is under
pressure from investors unhappy with its performance.
FedEx Taps Into Mississippi Delta to Find Workers
FedEx is busing hundreds of employees four hours each day from
Cleveland, Miss., to help sort packages at its air hub in Memphis,
Tenn.
(END) Dow Jones Newswires
December 09, 2019 03:15 ET (08:15 GMT)
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