News Highlights: Top Company News of the Day
November 19 2019 - 11:30PM
Dow Jones News
Carl Icahn Placing a Big Bet Against Mall Owners
Investors have lost hundreds of millions of dollars wagering
that struggling mall owners won't be able to pay their debts. Those
losses haven't deterred Carl Icahn from making the same bet.
Westpac Accused of Millions of Breaches by Anti Money-Laundering Agency
Australia's financial-intelligence agency has sued Westpac
Banking, alleging the big Australian bank breached anti
money-laundering and counterterrorism reporting obligations on more
than 23 million occasions.
Kirin's Lion Little World To Buy Craft Brewer New Belgium
The Australia-based brewer, a subsidiary of Japan's Kirin
Holdings, is obtaining brands including Fat Tire Amber Ale and
Voodoo Ranger IPA.
Fed Approves BB&T, SunTrust Banks Merger
The Federal Reserve Board approved the merger of regional
lenders BB&T and SunTrust Banks. The deal has been valued at
over $28 billion, making it the largest bank deal since the
financial crisis.
Macy's Reports Data Breach Affecting Small Number of Customers
Macy's said customer data may have been stolen from its website
over a roughly one-week period in October.
General Motors Shielded From Punitive Damages on Ignition Switches
The new company that emerged from GM's government-brokered
bankruptcy a decade ago can't be liable for punitive damages based
on actions taken by its corporate predecessor, according to the
U.S. Court of Appeals for the Second Circuit in New York.
H.I.G. Capital Collects $3.1 Billion for Latest Buyout Fund
H.I.G. Capital has wrapped up fundraising for its latest
middle-market leveraged-buyout fund, collecting more than its $3
billion target in barely four months.
Generic-Drug Approvals Soar, But Patients Still Go Without
Record numbers of generic drugs for cancer, heart ailments and
other conditions have received U.S. approval in recent years,
raising hopes that the new competition would reduce high drug
costs. But many of the lower-price medicines haven't hit the
market.
Retail Results Send Mixed Signals on Consumer Spending
Retailers gave a mixed read on consumer spending heading into
the key holiday season, with Kohl's and Home Depot reporting weak
sales, but discounter TJX continuing to log strong sales.
Gannett Looks to Spare Journalists' Jobs After Merger
The chief executive of the newspaper giant formed by the merger
of USA Today publisher Gannett and GateHouse Media said the new
company would make deep cost reductions but pledged to avoid big
newsroom layoffs.
(END) Dow Jones Newswires
November 19, 2019 23:15 ET (04:15 GMT)
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