News Highlights: Top Company News of the Day

Date : 10/11/2018 @ 1:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Big Lenders Make Push to Liquidate Sears 

Sears Holdings met with lenders to discuss emergency financing for the embattled retailer. Lenders are pushing for the company to liquidate its assets. The meeting ended without an agreement.

Delta's Profit Rises Despite Increase in Fuel Costs 

Delta Air Lines said robust demand for flights helped it overcome rising fuel prices during the latest quarter.

Walgreens Sales Growth Falls Short 

Walgreens Boots Alliance shares slid in premarket trading as weaker sales of non-pharmacy items put a damper on the drugstore chain's sales growth.

Bayer Shares Jump After U.S. Court Calls for New Roundup Trial 

Bayer shares jumped after the company scored a provisional win in its rejection of a record jury award to a plaintiff who sought to hold the maker of Roundup weed killers liable for his non-Hodgkin lymphoma.

Walmart Cuts Online Video Deals in Bid to Become Entertainment Hub 

The retail giant teams up with Hollywood studio MGM and an interactive-video startup in its rivalry with Amazon. First up is a remake of "Mr. Mom."

L Brands Explores Options for La Senza Chain 

L Brands said it would pursue all alternatives for its La Senza lingerie and intimate-apparel chain as it focuses on its larger core businesses.

Apple Snaps Up Engineers From Key Supplier to Bolster In-House Team 

Apple has agreed to bring in house more than 300 engineers from one of its key suppliers, Europe-based Dialog Semiconductor-part of a $600 million deal that boosts the smartphone giant's chip-design operations.

American Airlines' Trans-Atlantic Partnerships Under Review 

An agreement that allows American Airlines and European carriers such as British Airways to closely coordinate schedule and pricing for trans-Atlantic flights is getting fresh scrutiny in Britain.

BMW to Take Control of China Joint Venture in $4 Billion Deal 

BMW is the first foreign auto maker to take advantage of Beijing's easing of long criticized rules that limit foreign ownership in the sector.

Snowflake More Than Doubles Valuation in Nine Months 

Data-warehousing startup's value reflects companies' appetite for cloud services.


(END) Dow Jones Newswires

October 11, 2018 09:00 ET (13:00 GMT)

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

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