News Highlights: Top Company News of the Day
December 11 2017 - 9:30AM
Dow Jones News
Carl Icahn to Nominate Four Directors to Xerox's Board
Xerox said Monday that former Icahn Capital Managing Director
Jonathan Christodoro resigned from its board so that activist
investor Carl Icahn's organization could nominate four directors at
Xerox's annual shareholder meeting in 2018.
In New NFL Deal, Verizon Trades Mobile Exclusivity for Rights on Yahoo
Verizon Communications will no longer have the exclusive mobile
rights to distribute the games to its wireless customers, but the
$2 billion deal will expand the partnership to Verizon-owned
platforms like Yahoo Sports.
SoftBank to Invest More in OneWeb
Japan's SoftBank Group has agreed to invest roughly $500 million
more in satellite broadband provider OneWeb, according to a person
familiar with the details.
HSBC to Be Released From U.S. Deferred Prosecution Agreement
HSBC is to be released from a controversial agreement that let
it avoid U.S. criminal charges in 2012, after it was judged to have
sufficiently improved its systems to keep out financial
criminals.
Steinhoff Seeks to Shore Up Finances With Extra Advisers
Steinhoff has appointed additional outside advisers as the
retail giant battles a burgeoning financial crisis that has
engulfed the firm since it disclosed possible accounting
irregularities last week.
Mobile-Wireless Market Might Be Our Post Net-Neutrality World
With rules governing internet services set to be rolled back,
service providers and their detractors are envisioning new models
that could translate into a wider range of fees-both lower and
higher.
J.P. Morgan Chase's Sapphire Reserve Card Gets a New Chief
J.P. Morgan Chase is bringing in a new executive to run one of
its hottest products, the Sapphire Reserve credit card, at a time
when doubts have surfaced within the bank about its financial
prospects.
Disney Deal for Fox Would End Era of the 'Big Six' Studios
Walt Disney would likely significantly scale back Fox's movie
studio if the company nails down a deal to buy most of the assets
of 21st Century Fox, as part of Chief Executive Robert Iger's plan
to transform the company into a direct-to-consumer digital
powerhouse to rival Netflix.
Qatar, Britain Finalize Deal for 24 Jet Fighters
The government of Qatar and British weapons maker BAE Systems
have finalized a multibillion deal for 24 combat jets, continuing a
weapons buying spree by the Middle East country.
Hospital Giants in Talks to Create U.S.'s Largest Operator
Ascension and Providence St. Joseph Health are in talks about a
possible merger that would put 191 hospitals in 27 states under a
single owner, as a series of major deals are poised to consolidate
control of the health-care landscape into fewer hands.
(END) Dow Jones Newswires
December 11, 2017 09:15 ET (14:15 GMT)
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