News Highlights: Top Company News of the Day

Date : 08/26/2019 @ 10:15AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Fortescue Annual Profit Surges, Final Dividend Doubles 

Fortescue Metals Group said its annual profit more than tripled and it would double its final dividend as the Australian miner benefited from a surge in iron-ore prices.

Deutsche Bank and UBS Explored European Banking Alliance 

Deutsche Bank and UBS had talks as recently as mid-June to form an unusual alliance of investment-banking operations, according to people familiar with the discussions.

Disney Stores Headed to 25 Target Locations 

Target and Disney have joined forces to open dedicated Disney Stores in about two dozen Target locations starting this fall, the latest example of a large retailer offering a specialty shop within its walls.

Hedge Funds Wager China's HNA Will Look After Foreign Investors 

Hedge funds have made quick profits on debt tied to HNA Group, even as the airlines-to-hotels conglomerate has scaled back internationally and fallen behind on other obligations.

New Details Emerge Over Mallinckrodt's Role in Opioid Crisis 

More details and questions about Mallinckrodt's role in the opioid crisis are emerging, including whether it effectively guarded against products leaving legal distribution channels.

Megvii Technology Plans Hong Kong Listing 

China-based artificial intelligence company Megvii Technology Ltd. is planning an initial public offering, which will be the first such company to be listed on the Hong Kong bourse, if successful.

The Atlantic, Propped Up by Laurene Powell Jobs, Charts New Course 

The Atlantic magazine, which has beefed up its staff and expanded its coverage in the past 18 months, faces a test when it launches a new paywall strategy sometime after Labor Day.

Disney Enlists Superfans as It Prepares to Face Off Against Netflix 

Disney's high-profile attempt to compete in streaming was center stage at D23, where a slew of new shows and movies for Disney+ was announced and fans were offered a three-year deal for the service at a deep discount.

Nissan and Carlos Ghosn Spar Over Yacht 

A 120-foot yacht has become the latest bone of contention between Japanese auto maker Nissan Motor Co. and its former chairman, Carlos Ghosn.

Bankrupt Philadelphia Refinery Gets Look From Another Potential Bidder 

The damaged Philadelphia Energy Solutions fuel refinery is being considered for possible purchase by a local company that wants to make renewable diesel and jet and marine fuels at the site, potentially saving jobs.


(END) Dow Jones Newswires

August 26, 2019 05:00 ET (09:00 GMT)

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

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