News Highlights: Top Company News of the Day
November 20 2017 - 11:30AM
Dow Jones News
Volvo Promises Uber Fleet of Self-Driving Taxis by 2019
Volvo said it has agreed to supply Uber Technologies with a
fleet of 24,000 self-driving taxis beginning in 2019-one of the
first and biggest commercial orders for such vehicles.
Marvell Confirms $6 Billion Purchase of Chip Maker Cavium
Marvell Technology plans to buy chip maker Cavium in a $6
billion cash-and-stock deal that would set it up to better compete
with semiconductor giants such as Intel and Broadcom.
Glencore Probed for Bribery in Congo
Glencore's copper operations in the Democratic Republic of Congo
face scrutiny from Canadian regulators over financial statements
and disclosures related to international bribery and anticorruption
laws, the company said.
Zions to Challenge Its 'Big Bank' Label
Zions Bancorp has long insisted it isn't the same as bigger
rivals with Wall Street businesses. Now it wants regulators to say
so too.
After Decade of Delays, Keystone XL Nears Approval
Nebraska officials are set to decide whether to green-light the
Keystone XL pipeline, the last major regulatory approval standing
in the way of the long-delayed project.
YO! Sushi to Buy Bento Sushi to Expand in North America
YO! Sushi, the U.K.-based restaurant group, has agreed to
acquire Canada's Bento Sushi, for about $78.3 million in a bid to
expand in North America.
Altice Soothes Investors With Plan to Sell Assets, Not Stock
Altice promised to pare its mountain of debt by selling noncore
assets rather than by issuing new equity, reassuring jittery
investors who have sent the telecommunications company's shares
into a tailspin recently.
Alibaba to Buy Big Stake in Wal-Mart China Rival
E-commerce giant Alibaba is adding to its already-sizeable bet
on brick-and-mortar, saying it will pay $2.88 billion for a 36%
stake in China's second-largest big-box retailer, Sun Art
Retail.
GE Housecleaning Will Alter Board's Makeup
A housecleaning at GE's board will remove many long-term
associates of former Chief Jeff Immelt and aims to create a board
that is more closely aligned with CEO John Flannery's strategy to
streamline the industrial giant.
Locus Robotics Raises $25 Million in Round Led by Scale Venture Partners
Locus Robotics Corp., whose robots help workers fulfill
e-commerce orders, raised $25 million in a funding round led by
Scale Venture Partners that the company plans to use to develop new
products and expand into new markets.
(END) Dow Jones Newswires
November 20, 2017 11:15 ET (16:15 GMT)
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