News Highlights: Top Company News of the Day
July 23 2018 - 11:15AM
Dow Jones News
Top Fiat Chrysler Executive to Leave in Wake of CEO Change
Fiat Chrysler Automobiles said its European operations chief
resigned, adding to the turmoil at the car maker after the sudden
departure of its longtime chief executive.
Qualcomm Faces Demise of NXP Deal as Trade Fight Rumbles On
Qualcomm is set to find out this week if its $44 billion deal to
buy chip maker NXP Semiconductors will become one of the biggest
casualties in the U.S.-China trade battle.
Speaker Maker Sonos Sets IPO Price Range
High-end speaker company Sonos laid out the terms for its
initial public offering in a regulatory filing, expecting its
shares to price between $17 to $19 each.
Chinese Telecom Giant Could Dial Up the Biggest IPO Since Alibaba
China Tower, the monopoly behind China's vast network of
cellphone towers, started marketing what could be the world's
largest initial public offering in four years.
Barrick Gold President Departs to Lead AngloGold Ashanti
Barrick Gold announced that its president, Kelvin Dushnisky, is
leaving the company to join AngloGold Ashanti as its chief
executive officer.
Tesla Asks Suppliers for Cash Back to Help Turn a Profit
Tesla has asked some suppliers to refund a portion of what the
electric-car company has spent previously, an appeal that reflects
the auto maker's urgency to sustain operations during a critical
production period.
Cooperman to Turn Omega Fund Into Family Office
Veteran hedge-fund manager Leon Cooperman is planning to change
the Omega fund into a family office, a move that's become more
common in recent years.
LifePoint Health Agrees to Apollo Buyout
Apollo Global Management is buying LifePoint Health in a deal
with an enterprise value of about $5.6 billion.
Papa John's Board Votes to Adopt 'Poison Pill' Against Founder
Papa John's International's board members voted to adopt a
"poison pill" on Sunday to prevent its controversial founder from
gaining a controlling interest in the pizza chain.
Mondelez Recalls Ritz Crackers on Salmonella Concern
Mondelez International is recalling some Ritz crackers after its
supplier of whey powder recalled ingredients due to the potential
presence of salmonella bacteria.
(END) Dow Jones Newswires
July 23, 2018 11:00 ET (15:00 GMT)
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