News Highlights: Top Company News of the Day
December 13 2019 - 5:30PM
Dow Jones News
DOJ Preparing Legal Action Against Live Nation for Ticketing Practices
The Justice Department is preparing to take legal action against
Live Nation Entertainment on allegations the company has sought to
strong-arm concert venues into using its dominant Ticketmaster
subsidiary.
Broadcom's New Signal Needs No Filter
Broadcom now defines wireless chips as outside of its core,
which is viewed by some on Wall Street as equivalent to putting out
the "For Sale" sign.
NBCUniversal CEO Steve Burke to Depart Next Year
NBCUniversal CEO Steve Burke is expected to step down by August,
when his contract expires, and his most likely successor is Film
and Entertainment Chairman Jeff Shell.
Global Food-Delivery Battle Heats Up With $4 Billion Deal
European food-delivery giant Delivery Hero has agreed to buy
South Korean rival Woowa 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.
Underwear Maker Hanesbrands Falls on Worries About Champion Brand
The company's shares slumped as analysts questioned how its
Champion brand will be affected by changing fashion trends.
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.
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.
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.
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.
(END) Dow Jones Newswires
December 13, 2019 17:15 ET (22:15 GMT)
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