News Highlights: Top Company News of the Day

Date : 11/22/2019 @ 6:15AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Charles Schwab Holds Talks to Buy TD Ameritrade 

Charles Schwab is in talks to buy TD Ameritrade in a deal that would reshape the discount-brokerage market.

Levine Leichtman Capital Acquires Tool Maker Milton Industries 

Levine Leichtman Capital Partners has acquired Milton Industries, a provider of tools and accessories for end markets including aerospace, defense, vehicle service and agriculture.

Facebook Weighs Steps to Curb Narrowly Targeted Political Ads 

Facebook is considering making changes to its political-advertising policy in an effort to spurn the spread of misinformation.

Tesla Unveils Electric Pickup and Targets Detroit Rivals' Profit Engine 

Elon Musk unveiled the next piece of Tesla's electric-vehicle vision: a pickup truck with a starting price of $39,900. But the road won't be easy.

German Public Broadcaster's TikTok Debut Sparks Backlash 

A decision by the German public broadcaster to share videos on Chinese-owned TikTok is sharpening concern in Germany about censorship and security and fanning a debate about the cost of the country's vast public-sector media system.

Temasek to Expand Investment in Asian Agriculture Technology Companies 

Investments into Asian firms will likely accelerate in coming years to make up a greater proportion of Temasek's total bets in the agricultural-technology industry, an executive of the state investment company said.

Bumble Bee Files for Bankruptcy With $925 Million Offer From Taiwan's FCF 

Bumble Bee Foods, one of the nation's largest canned tuna providers, filed for bankruptcy protection, with an agreement to sell its assets to Taiwan's FCF Fishery for roughly $925 million.

Boldstart Ventures Drops Interest in Enterprise Blockchain 

The New York seed firm Boldstart Ventures evaluated some 750 enterprise blockchain startups through an accelerator program, MState, but invested in just one, according to Ed Sim, the firm's founder and managing partner.

WeWork to Cut Around 17% of Workforce 

Troubled office-space startup WeWork said it would shed around 2,400 jobs following its botched initial public offering in an effort to reduce mounting losses. The job cuts, which represent about 17% of its workforce, began around the globe weeks ago and spread this week to employees in the U.S.

The Future of Online Trading Is in Banking and Wealth Management 

First beat your rivals up on price, and then buy one. If that is how things play out for Charles Schwab, investors could stand to gain.


(END) Dow Jones Newswires

November 22, 2019 01:00 ET (06:00 GMT)

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

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