News Highlights: Top Company News of the Day

Date : 07/19/2019 @ 10:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Budweiser Brewer to Sell Australian Unit to Japan's Asahi 

Anheuser-Busch InBev agreed to sell its Australian unit to Asahi for $11.3 billion, including debt, as it pushes forward with an effort to sell assets and pare debt after pulling an initial public offering of its Asia-Pacific businesses.

Carl Icahn Takes Steps to Replace Four Occidental Petroleum Directors 

The billionaire investor says the energy company's board mismanaged its deal to acquire rival Anadarko Petroleum.

Blackstone Closes $14 Billion Permanent Infrastructure Fund 

The new fund has "the equity to do things that others can't," said a person familiar with the fund.

Boeing Plans $5 Billion Charge to Compensate 737 MAX Customers 

Boeing will set aside about $5 billion to compensate airlines which have suffered because of the prolonged grounding of the 737 MAX plane.

Ailing BMW Appoints Production Chief Zipse as Next CEO 

BMW said it would appoint its current head of production, Oliver Zipse, as its next chief executive as the German auto maker contends with shrinking profits, global trade fights and the intensifying race to build electric cars.

Acacia Agrees to Increased Barrick Buyout 

Acacia Mining soared after it agreed to a buyout of its minority shareholders by majority-owner Barrick Gold in a deal valuing the company at GBP951 million.

Investor Offers to Buy Another 3% of Aston Martin 

Aston Martin's biggest shareholder has offered to buy another 3% stake in the luxury car maker at GBP10 each, which would take its overall investment to almost 34%.

Nordic Banks Pinched by Anti-Money-Laundering Compliance Costs 

Efforts to improve anti-money-laundering controls continue to weigh on the financial results of Nordic banks, which have faced allegations in recent months of moving dirty money.

Gannett Closes In on Deal to Combine With GateHouse Media 

USA Today publisher Gannett is nearing a deal to combine with rival GateHouse Media, a move that would join the nation's two largest newspaper groups by circulation.

WeWork Co-Founder Has Cashed Out at Least $700 Million Via Sales, Loans 

Adam Neumann, co-founder and largest shareholder of WeWork Cos., has cashed out more than $700 million from the company ahead of its initial public offering through a mix of stock sales and debt, people familiar with the matter say.


(END) Dow Jones Newswires

July 19, 2019 05:15 ET (09:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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