News Highlights: Top Company News of the Day
December 12 2017 - 5:15AM
Dow Jones News
Amazon Opens a Second Cloud-Computing Center in China
Amazon.com opened a second cloud-computing data-center complex
in China on Tuesday, underlining the importance of the market to
its cloud-computing unit, Amazon Web Services.
Mall Operator Westfield Agrees to Takeover Bid Valued at $16 Billion
Westfield, the Australia-based operator of shopping malls in the
U.S., said it agreed to a takeover offer from European property
company Unibail-Rodamco valuing it at $15.7 billion.
Toshiba and Western Digital Resolve Dispute Over Chip Unit
Toshiba and Western Digital agreed to settle a dispute over the
Japanese company's planned sale of its memory-chip unit, clearing a
major hurdle to the nearly $18 billion deal.
Toshiba and Western Digital Should Gain From Burying the Hatchet
Settling a dispute over the planned sale of Toshiba's
memory-chip business will give both companies more firepower to
invest as industry competition intensifies.
Passport Capital to Shut Flagship Hedge Fund
John Burbank's Passport Capital, famed for its profitable bets
against subprime housing ahead of the financial crisis, will
shutter its flagship fund after persistent losses, according to a
letter to investors.
Thai Tycoon Makes Frothy Offer for Stake in Vietnam's Largest Beer Maker
One of Thailand's richest tycoons is looking to buy a quarter of
Vietnam's largest beer maker in a deal worth at least $2.25
billion, making his company the sole bidder wanting to buy a
substantial stake.
Comcast No Longer Reviewing Deal for 21st Century Fox Assets
Comcast Corp. said it is no longer pursuing a deal to acquire
several key media and entertainment assets from 21st Century
Fox.
Retail Chain Charming Charlie Seeks Bankruptcy Protection
Accessories retail chain Charming Charlie LLC has sought
bankruptcy protection with plans to keep stores open throughout the
holiday season.
Apple Acquires Shazam and Its Song-Recognition App
Apple has acquired Shazam Entertainment, giving it one of the
popular song-recognition apps at a time the iPhone maker is looking
to boost its music-subscription service.
Icahn to Launch New Board Fight With Xerox
Activist investor Carl Icahn plans to launch a new board fight
with Xerox in an attempt to change management of the company, his
second offensive against the copy-machine maker in a roughly
two-year span.
(END) Dow Jones Newswires
December 12, 2017 05:00 ET (10:00 GMT)
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