News Highlights: Top Company News of the Day
November 20 2017 - 5:30AM
Dow Jones News
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.
Alibaba to Buy Big Stake in Chinese Big-Box Retailer
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.
Marvell Nears Deal to Buy Cavium for About $6 Billion
The acquisition would create a bigger and more well-rounded
competitor to chip-making giants such as Intel Corp. and Broadcom
Ltd.
Volkswagen to Invest EUR22.8 Billion World-Wide
Volkswagen said it will invest EUR22.8 billion in the future
viability of its plants from 2018 to 2022
How China's Acquisitive HNA Group Fell From Favor
CEO Adam Tan drove the global ascent and ambition of the
conglomerate, which has sought comparisons to Warren Buffett's
Berkshire Hathaway. It is now drawing the scrutiny of regulators
and Wall Street, and its debt-fueled expansion has hit a wall.
Televisa Executive Killed in Apparent Robbery Attempt
Adolfo Lagos, a senior executive of television broadcaster Grupo
Televisa was shot dead Sunday in an apparent robbery attempt while
biking near Mexico City, the company said.
Big Oil and Auto Makers Throw a Lifeline to the Combustion Engine
Oil companies and the auto industry are teaming up to preserve
the internal combustion engine, as tough regulation and electric
vehicles put the car industry's century-old technology at risk.
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.
Outcome Health Offers Voluntary Buyouts to Employees
Outcome Health, a Chicago startup, offered voluntary buyouts to
employees, and Harvard Health Publishing and the American Medical
Association put their partnerships with the company on pause.
Can Barclays Afford to Compete Against U.S. Investment Banks?
Barclays Chief Executive Jes Staley wants to reinvigorate the
British bank by reinvesting in investment banking, where returns
have been poor of late-and investors aren't pleased.
(END) Dow Jones Newswires
November 20, 2017 05:15 ET (10:15 GMT)
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