News Highlights: Top Company News of the Day

Date : 10/11/2018 @ 7:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

BMW to Take Control of China Joint Venture 

The deal comes as Beijing plans to eliminate a limit on foreign ownership of automotive ventures by 2022, the year the $4.1 billion deal is set to close.

McDonald's Franchisees Plan Push for Stronger Sales 

Some 400 McDonald's franchisees gathered for a rare meeting Wednesday to discuss their concerns about the burger giant's plans for improving weak sales. The attendees will seek to form an independent operators' association.

Bayer Could Win a New Roundup Trial 

A California judge issued a tentative ruling that calls into question a $250 million damages award to a groundskeeper, who sought to hold the Roundup maker liable for his non-Hodgkin lymphoma.

Jack Dorsey's Square Loses Its CFO 

The mobile-payment company said Wednesday that Chief Financial Officer Sarah Friar is leaving to become chief executive at neighborhood social network Nextdoor.

Plan to Fix Journalism With Cryptocurrency Draws Skepticism 

The Civil Media Co. bills itself as a solution to some pressing problems in modern journalism, pitching a new cryptocurrency that would help news consumers support quality information and weed out bad actors.

AT&T Streaming Video Service Is Set to Launch in 2019 

AT&T is set to launch a streaming video service featuring films and TV shows it acquired from its purchase of Time Warner, ratcheting up its rivalry with Netflix.

Lampert Won't Give Sears Another Lifeline 

Edward Lampert, the hedge-fund manager who controls Sears Holdings, has repeatedly bailed out the struggling retailer with short-term loans. Now, he is cutting the cord.

Newsweek's Ex-Parent Company Charged With Defrauding Lenders 

Newsweek's former parent company has been charged by Manhattan prosecutors with carrying out a complex scheme to defraud lenders out of millions of dollars as part of an effort to keep the struggling media organization afloat.

BlackRock Makes Private-Equity Bet 

The asset-management giant is pledging to invest up to $400 million of client money with Gallatin Point Capital, while BlackRock CEO Laurence Fink is also investing in one of the private-equity firm's funds.

Third Point Warns Campbell Against Filling CEO Job 

Activist investor Third Point warned Campbell Soup not to fill the chief-executive position at the food company ahead of the Nov. 29 annual meeting.


(END) Dow Jones Newswires

October 11, 2018 03:15 ET (07:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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