News Highlights: Top Company News of the Day
December 09 2019 - 11:30PM
Dow Jones News
McAfee Considering a Combination With NortonLifeLock
NortonLifeLock, the $16 billion consumer-software company, has
attracted deal interest from a handful of companies including rival
McAfee, people familiar with the matter said.
Pershing Square Reports Stake in Agilent Technologies
Bill Ackman's hedge fund on Monday disclosed a 2.9 million-share
stake in the laboratory instrument and software company.
Index Provider MSCI Targets Acquisitions, Partnerships in 2020
Index provider MSCI Inc. is pursuing a conservative strategy for
2020 by targeting complementary acquisitions and partnerships as it
monitors a frothy deals market and prepares for a potential decline
in stock markets, which could reduce fee income.
Nike Workers Protest Company's Treatment of Women
Nike employees staged a protest over the company's treatment of
women the same day the sportswear giant reopened a headquarters
building named after the disgraced running coach Alberto
Salazar.
SoftBank Is Selling Wag Stake Back to Company
SoftBank's Vision Fund has agreed to sell its nearly 50% stake
in Wag Labs back to the struggling dog-walking startup, marking
another disappointment for the Japanese investing giant.
Comcast Expects to Spend $2 Billion Over Two Years on Streaming Service
Comcast is planning to spend $2 billion over the next two years
on content and marketing for Peacock, its new streaming service set
to debut in April, the company's finance chief said.
Amazon Claims 'Improper Pressure' From Trump on Pentagon Contract
Amazon.com said President Trump exerted "improper pressure" on
the Pentagon to keep a lucrative cloud-computing deal from going to
his perceived enemy, company founder Jeffrey Bezos.
Judge Puts T-Mobile Merger Trial on Fast Track
A federal judge told lawyers fighting over T-Mobile US's more
than $26 billion bid for Sprint to skip their customary opening
arguments so they could start questioning witnesses, a sign he is
seeking a speedy trial.
Tiger Global Cuts Juul's Valuation to $19 Billion
Tiger Global Management, one of Juul's earliest boosters,
slashed its valuation of the e-cigarette startup to $19 billion,
the latest sign that investors are reassessing a number of Silicon
Valley's one-time darlings.
ViacomCBS Puts CBS Headquarters in New York on the Block
ViacomCBS is planning to sell CBS's Midtown Manhattan
headquarters to generate operating capital for the newly combined
company, Chief Executive Bob Bakish said Monday.
(END) Dow Jones Newswires
December 09, 2019 23:15 ET (04:15 GMT)
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