News Highlights: Top Company News of the Day

Date : 10/14/2019 @ 7:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

SoftBank Seeking to Take Control of WeWork Through Financing Package 

SoftBank has prepared a financing package that would give it control of WeWork and further sideline its founder Adam Neumann in exchange for relieving the shared-office startup's looming cash crunch, according to people familiar with the matter.

Total to Buy Stake In India's Adani Gas 

Total has agreed to acquire a 37.4% stake in India's Adani Gas as the French oil-and-gas major looks to expand its footprint in the energy-hungry South Asian nation.

Sears Hasn't Fared Better After Bankruptcy 

Sears's bankruptcy filing was supposed to give the troubled retailer a fresh start. But a year later, the chain is still struggling with many of the same problems it faced before it sought court protection.

Blackstone Talked With Citadel About Buying Stake 

Blackstone has discussed buying a stake in Ken Griffin's Citadel, whose hedge fund could be worth between $5 billion and $7 billion.

UAW Increases Strike Pay for GM Factory Workers 

The UAW said GM workers on the picket line will see weekly strike pay increase to $275 from $250, a sign the union is preparing to extend a nearly monthlong walkout.

Google Shuts Out Payday Loans With App-Store Ban 

Google has barred high-interest consumer loan services from the Google Play app store, limiting payday lenders' ability to access users of Android devices.

India's Richest Man Battles Amazon, Walmart to Work With Mom-and-Pop Shops 

India's mom-and-pop stores are being weaponized, as Walmart and Amazon square off against India's richest man in the country's nascent online retail market.

Bankruptcy Judge Pushes Purdue Into Talks With States Over Sackler Family Legal Shield 

A bankruptcy judge granted a brief legal reprieve to the Sackler family, owners of Purdue Pharma, shielding them from answering in court for their alleged role in feeding the nationwide opioid crisis.

Boeing Strips CEO of Chairman's Job 

Boeing's board stripped CEO Dennis Muilenburg of his dual role as chairman following two deadly crashes of its 737 MAX jet.

Major Blue Health Insurers Drop Deal to Combine 

Blue Cross and Blue Shield of North Carolina and Cambia Health Solutions said they were dropping plans to combine, after the resignation of the North Carolina insurer's chief executive.


(END) Dow Jones Newswires

October 14, 2019 03:15 ET (07:15 GMT)

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

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