News Highlights: Top Company News of the Day
December 13 2019 - 11:15AM
Dow Jones News
Global Food-Delivery Battle Heats Up With $4 Billion Deal
European food-delivery giant Delivery Hero has agreed to buy
South Korean rival Woowa Brothers for $4 billion, heating up the
global battle to meet growing consumer demand for delivered
meals.
Ad Giant Dentsu Names Jacki Kelley as CEO of Americas
Dentsu Aegis Network, a unit of Japan's Dentsu, named agency and
media veteran Jacki Kelley as chief executive of its Americas
operations, succeeding Nick Brien.
Delivery Hero Jumps on Woowa Buy
Germany's Delivery Hero will buy Woowa Brothers in a deal that
values its South Korean rival at $4 billion, the latest move in
consolidation in the food-delivery industry.
Henkel Hit After Profit Warning
Shares in Henkel fell sharply after the consumer-products
company said it expected lower earnings for fiscal 2020, warning
that investments in marketing and IT were weighing on its
results.
Liberty Media Seeks to Increase Stake in iHeartMedia
An affiliate of John Malone's Liberty Media is seeking Justice
Department permission to buy a larger piece of iHeartMedia,
according to people familiar with the matter.
FTC Weighs Move Against Facebook Over How Its Apps Interact
Federal officials are considering seeking a preliminary
injunction against Facebook over antitrust concerns related to how
its products interact, according to people familiar with the
matter.
Oracle Won't Return to Dual-CEO Structure
The software company, which reported higher profit and flat
revenue, won't return to a dual-CEO structure after the death this
year of co-Chief Executive Mark Hurd.
Boeing's MAX Fixes Not Likely to Get FAA Approval Until February
The global grounding of Boeing's 737 MAX is set to stretch to
nearly a year as regulators expressed concern that the U.S. plane
maker set unrealistic expectations for the jetliner's return to
passenger service.
Broadcom Expects Its Earnings to Bounce Back
The chip maker promised an earnings recovery in the current year
after the company posted weaker fourth-quarter figures, dented by
the protracted U.S. export ban of some items to Chinese telecom
giant Huawei.
Japan's Hoya Plans to Acquire NuFlare Technology for $1.35 Bln
Hoya Corp. plans to spend 147.72 billion yen to acquire all
shares of NuFlare Technology Inc., a maker of semiconductor
manufacturing equipment.
(END) Dow Jones Newswires
December 13, 2019 11:00 ET (16:00 GMT)
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