News Highlights: Top Company News of the Day
August 21 2017 - 9:15AM
Dow Jones News
Sempra Energy Reaches Deal to Buy Oncor After Outbidding Berkshire
Sempra Energy has reached a deal to buy Oncor for $9.45 billion
after swooping in to snatch the power-transmission company away
from Warren Buffett's Berkshire Hathaway.
ADP Rejects Ackman's Board Nominees
Automatic Data Processing board members have rejected activist
investor William Ackman's bid for a board seat and those of two
other people nominated by his firm, Pershing Square.
Total Buys Maersk Oil for $5 Billion
French oil giant Total has agreed to acquire Danish conglomerate
A.P. Moeller-Maersk's oil unit for $4.95 billion, signaling a
renewed appetite for deals in the global oil-and-gas industry.
Great Wall Expresses Interest in Fiat Chrysler's Jeep
Chinese auto maker Great Wall Motor said it is interested in
acquiring Jeep, the profitable U.S. sport-utility vehicle maker
owned by Fiat Chrysler Automobiles.
Brevan Howard Co-Founder Moving Back to London 'Imminently'
Billionaire hedge fund trader Alan Howard is quitting Geneva and
returning to England, according to a person familiar with the
matter.
B&G Foods Gobbles Up SnackWell, Back to Nature Brands
B&G Foods has struck a deal to buy SnackWell's cookies and
Back to Nature granola bars for $162.5 million, adding to its
stable of older brands that have faltered as eating habits
change.
HTC Joins Facebook in Slashing VR Headset Price
HTC is dropping the price of its Vive virtual-reality headset by
$200, weeks after Facebook made a similar price cut for its Oculus
Rift goggles.
CFOs Want to Free up Working Capital
U.S. finance chiefs are shrinking the time it takes to convert
trillions tied up in their businesses into tangible cash. Some of
their European counterparts are struggling to do the same.
Samsung Broadens Its Drugs Business
The Samsung conglomerate is furthering its efforts to build a
full-fledged prescription-drugs business, signing its first deal to
develop novel drugs for hard-to-treat diseases.
Samsung Investors Await Note 8 Launch and Scandal Verdict
For Samsung Electronics, the launch this week of a new
smartphone and a court ruling for its detained de facto leader may
offer closure and clarity for a company rocked by two scandals over
the past year.
(END) Dow Jones Newswires
August 21, 2017 09:00 ET (13:00 GMT)
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