News Highlights: Top Company News of the Day
December 18 2017 - 9:15AM
Dow Jones News
Hershey, Campbell Soup to Buy Fellow Snack Brands
Leading snack businesses Hershey and Campbell Soup are buying
two of their smaller competitors in all-cash deals that will grow
their brand cupboards.
Penn National Buys Rival Casino for $1.87 Billion
Casino operator Penn National Gaming Inc., said Monday it will
buy Pinnacle Entertainment Inc. in a cash and stock deal worth
roughly $1.87 billion.
China's HNA Group Seeking Sale of $6 Billion in Overseas Property
One of China's biggest deal makers is looking to sell a large
portfolio of commercial properties in New York, London and other
major cities in a sharp reversal of its buying spree in recent
years.
EU to Investigate IKEA's Dutch Tax Arrangements
Swedish furniture retailer IKEA Group could be forced to pay
back millions of euros in alleged unpaid taxes to the Netherlands,
following an investigation opened Monday by the European Union.
Toyota Plays Catch-Up With Plans for More Than 10 EV Models
Toyota, which has lagged behind rivals in rolling out fully
electric vehicles, issued the first detailed outline of its
strategy, saying it planned more than 10 models world-wide by the
early 2020s.
Carmakers Try to Cajole Consumers Into Caring About Air-Bag Recall
The biggest automotive recall in U.S. history is under way-of
faulty air bags-and auto makers are required to take unprecedented
steps to reach customers.
Tencent Teams Up With JD.com to Take on Alibaba
In an escalating battle between China's dominant internet
giants, Tencent has teamed up with JD.com, Alibaba's main
e-commerce competitor, to buy a stake in the No. 3 online retail
player.
Vietnam Sells Majority Stake in Brewer for $4.8 Billion, Toasting Deals to Come
Vietnam's government is selling more than half of its stake in
the country's largest beer maker to a Thai billionaire for $4.8
billion, paving the way for more multibillion-dollar deals in its
state-run companies.
CSX Chief's Death Prompts Tough Questions About Move to Hire Him
CSX Corp. hired the renowned railroad turnaround artist Hunter
Harrison in March with much fanfare. Now, with Mr. Harrison's
death, that decision has backfired.
Humana and PE Firms in Talks to Buy Kindred Healthcare
Humana is in advanced talks to join with two private-equity
firms in a deal to acquire home-care provider Kindred Healthcare, a
move that would add to a cascade of transactions aiming to bring
together insurance operations with other health-care
businesses.
(END) Dow Jones Newswires
December 18, 2017 09:00 ET (14:00 GMT)
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