News Highlights: Top Company News of the Day
February 11 2019 - 1:30PM
Dow Jones News
Morgan Stanley, in Biggest Deal Since Crisis, Courts Future Millionaires
In its largest acquisition since the financial crisis, Morgan
Stanley is paying $900 million to for Solium, which manages the
stock that employees receive as part of their pay.
SoftBank Invests $940 Million in Nuro for Driverless Deliveries
SoftBank is investing nearly $1 billion in a robotic-delivery
vehicle startup, a hefty injection of capital that could help
accelerate the race to put driverless vehicles on the road.
U.S. Steel to Expand Under Tariffs
U.S. Steel said it plans to add 1.6 million tons of steelmaking
capacity next year by resuming the construction of a new furnace in
Alabama as tariffs on foreign metal raise profits on domestic
steel.
PG&E Board: No More Than Five Directors Will Run for Re-Election
At most, five of PG&E's current directors will be up for
re-election at the annual shareholders meeting, the board said, as
the utility looks to add more independent voices.
FDA Challenges Dietary Supplement Makers
The FDA sent letters to 17 nutritional supplement manufacturers
alleging that the companies are illegally selling products with the
improper claims they can prevent, treat and cure serious diseases,
including Alzheimer's.
KPMG Ex-Partner Goes on Trial in 'Steal the Exam' Scandal
A criminal trial that starts Monday may shed more light on a
high-profile scandal at the Big Four accounting firm: an effort to
help it look better to its regulator that prosecutors say broke the
law.
Rural U.S. Carriers Resist Proposed Telecom Ban Aimed at Huawei
President Trump is mulling an order that could ban Chinese
telecom gear from U.S. networks, but the plan is facing resistance
from rural carriers who rely on Huawei equipment.
Prices of Pickup Trucks Charge Into Luxury-Car Territory
Ford, GM and Chrysler have in recent years introduced trucks at
price points well into luxury territory, offering plusher
interiors, more powerful engines and premium options.
EQT Buys Gas-Compression Company From Stephens Group
Kodiak Gas Services LLC provides contract-compression equipment
and related services to oil-and-gas producers. The company has a
presence in several oil-and-gas regions in the U.S.
Restaurants Brands Reports Profit Slips
Restaurant Brands International reported profit fell in the
fourth quarter primarily due to the adoption of a new accounting
standard and a one-time tax hit last year.
(END) Dow Jones Newswires
February 11, 2019 13:15 ET (18:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.