News Highlights: Top Company News of the Day

Date : 12/13/2019 @ 10:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

DOJ Preparing Legal Action Against Live Nation for Ticketing Practices 
 

The Justice Department is preparing to take legal action against Live Nation Entertainment on allegations the company has sought to strong-arm concert venues into using its dominant Ticketmaster subsidiary.

 
Broadcom's New Signal Needs No Filter 
 

Broadcom now defines wireless chips as outside of its core, which is viewed by some on Wall Street as equivalent to putting out the "For Sale" sign.

 
NBCUniversal CEO Steve Burke to Depart Next Year 
 

NBCUniversal CEO Steve Burke is expected to step down by August, when his contract expires, and his most likely successor is Film and Entertainment Chairman Jeff Shell.

 
Global Food-Delivery Battle Heats Up With $4 Billion Deal 
 

European food-delivery giant Delivery Hero has agreed to buy South Korean rival Woowa for $4 billion, heating up the global battle to meet growing consumer demand for delivered meals.

 
Ad Giant Dentsu Names Jacki Kelley as CEO of Americas 
 

Dentsu Aegis Network, a unit of Japan's Dentsu, named agency and media veteran Jacki Kelley as chief executive of its Americas operations, succeeding Nick Brien.

 
Underwear Maker Hanesbrands Falls on Worries About Champion Brand 
 

The company's shares slumped as analysts questioned how its Champion brand will be affected by changing fashion trends.

 
Henkel Hit After Profit Warning 
 

Shares in Henkel fell sharply after the consumer-products company said it expected lower earnings for fiscal 2020, warning that investments in marketing and IT were weighing on its results.

 
Japan's Hoya Plans to Acquire NuFlare Technology for $1.35 Bln 
 

Hoya Corp. plans to spend 147.72 billion yen to acquire all shares of NuFlare Technology Inc., a maker of semiconductor manufacturing equipment.

 
Liberty Media Seeks to Increase Stake in iHeartMedia 
 

An affiliate of John Malone's Liberty Media is seeking Justice Department permission to buy a larger piece of iHeartMedia, according to people familiar with the matter.

 
Oracle Won't Return to Dual-CEO Structure 
 

The software company, which reported higher profit and flat revenue, won't return to a dual-CEO structure after the death this year of co-Chief Executive Mark Hurd.

 
 

(END) Dow Jones Newswires

December 13, 2019 17:15 ET (22:15 GMT)

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


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