News Highlights: Top Company News of the Day
August 22 2017 - 3:15PM
Dow Jones News
Chevron CEO to Resign as Oil Giant Seeks Change
Chevron CEO John Watson is planning to step down as the energy
giant seeks new leadership for a changing oil world, according to
people familiar with the matter.
'Serious Doubts' Over Bayer and Monsanto's $57 Billion Megadeal, Says EU
Bayer's $57 billion acquisition of Monsanto will undergo an
in-depth investigation by the EU on concerns that it could hurt
farmers, throwing into doubt plans to complete the tie-up by the
end of the year.
Blackstone Considers Initial Public Offering of Gates Corp.
Blackstone Group is considering an initial public offering of
Gates Corp. that could value the auto-parts maker at as much as $9
billion.
Ford Plans Joint Venture to Make Electric Cars in China
Ford Motor will start a new company to make electric cars in
China, as the world's largest auto market begins to shift
decisively away from gasoline-powered vehicles.
Elliott Notches Win as BHP Plans to Put U.S. Shale Assets Up for Sale
Activist investor Elliott Management scored a victory as BHP
Billiton said it now plans to sell its onshore U.S. oil-and-gas
operations.
Chinese Rival's Success With Volvo Sets Path for Great Wall's Pursuit of Jeep
The successful 2010 acquisition of Volvo by Geely, a
then-little-known Chinese auto company, has helped fuel the
ambitions of Great Wall, which has expressed interest in buying
Jeep from Fiat Chrysler.
Startup Insurer Seizes on Growing Market for Private Medicare Coverage
In the latest sign of the health-care industry's focus on the
growing business of private Medicare coverage, several high-profile
executives are planning to launch Devoted Health, a new startup
insurer focused on such plans.
Wal-Mart Nears a Pilot Deal to Offer Customers Installment Loans
Affirm is in talks to offer installment loans to Wal-Mart
customers, the latest sign of intensifying competition facing
credit-card providers such as Synchrony.
H&R Block Names Former Uber Exec Jones CEO
H&R Block has tapped former Uber and Target executive
Jeffrey Jones to revamp the 62-year-old tax preparer.
Dakota Access Pipeline Owner Sues Greenpeace
The company behind the Dakota Access Pipeline launched an
unusual legal attack against Greenpeace and other environmental
groups, alleging that the organizations effectively ran a criminal
enterprise through their protests of the project.
(END) Dow Jones Newswires
August 22, 2017 15:00 ET (19:00 GMT)
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