News Highlights: Top Company News of the Day

Date : 12/09/2019 @ 8:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Tesco Weighs Sale of Supermarkets in Thailand and Malaysia 

U.K.-based retailer Tesco PLC is considering selling its supermarket businesses in Thailand and Malaysia, in deals that could value those operations at up to $9 billion, people with knowledge of the plans said.

Buyout Firm Leonard Green Raises Nearly $15 Billion for Two New Funds 

The Los Angeles firm brought in $2.75 billion for its debut middle-market focused fund and $12 billion is for its newest flagship buyout fund.

T-Mobile, Sprint Head to Court to Defend Merger 

The unusual merger trial starting Monday could have long-lasting effects on the consumer wireless market and beyond.

A $7 Credit Limit: Jack Ma's Ant Lures Hundreds of Millions of Borrowers 

By offering as little as a few bucks at a time to new borrowers, a microlending business of Chinese technology giant Ant Financial has quietly swelled into one of China's largest providers of personal credit lines.

Rival CEOs at American, United Share a Long History 

Scott Kirby and Doug Parker spent two decades working together to drive consolidation in the airline industry. Now they are about to square off atop two of the largest U.S. carriers.

PG&E Fire Victim Settlement Threatens Elliott Plan 

PG&E Corp.'s settlement with victims of wildfires could force a group of bondholders who want to take over the company to re-evaluate their legal strategy, people familiar with the matter said.

Hong Kong Airlines Finds Last-Minute Fix to Stay Afloat 

Hong Kong Airlines worked out a rescue plan to let it keep flying, after a near-collapse that partly reflects how the city's travel industry has been hurt by months of protests.

Apple's New Buds Sing an Old Tune 

Hot demand for new AirPods show Apple retains its hardware chops despite focus on services.

Clients Pull Money at Hedge Fund That Helped Kill Toys 'R' Us 

Solus Alternative Asset Management, a New York hedge fund best known for its role in the bankruptcy of Toys "R" Us, is under pressure from investors unhappy with its performance.

FedEx Taps Into Mississippi Delta to Find Workers 

FedEx is busing hundreds of employees four hours each day from Cleveland, Miss., to help sort packages at its air hub in Memphis, Tenn.


(END) Dow Jones Newswires

December 09, 2019 03:15 ET (08:15 GMT)

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

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