News Highlights: Top Company News of the Day
Ford CFO Tim Stone to Leave Company
Stone is leaving the auto maker after 18 months to join a
software firm, the latest high-profile Detroit auto executive to
leave for the technology industry.
PepsiCo Sales Snap Back From Pandemic
Strong global snack and food sales and improvement in PepsiCo's
beverage business drove revenue growth in the latest quarter.
Playboy to Go Public Again in Deal With Blank-Check Firm
The company is going public again after being acquired by a
blank-check firm, a deal that valued the brand made famous by its
iconic adult magazine at $415 million.
H&M Heads Into Winter With a Sharper New Look
Global fashion retailers face a potentially harsh winter, but at
least they aren't wasting the crisis.
Google Pledges $1 Billion in Licensing Payments to News Publishers
The Alphabet unit plans to make the payments over the next three
years as it develops a product, Google News Showcase, which will be
launched in Germany and Brazil.
Athene, MassMutual Made Over $3 Billion Takeover Offer to American Equity
A pair of insurance companies made a bid for American Equity
Investment Life Holding last month, in a bet that the small Iowa
insurer's retirement-income products will continue to be popular
with conservative savers.
Pacenote Capital Adds Depth to its Management Team
Mr. Cannon joins Pacenote from Global Endowment Management LP,
an outsourced chief investment office, where he was in charge of
investment origination, focusing on emerging managers and spinouts,
according to Pacenote.
Suez Supports Ardian Plan to Launch Takeover Bid for Company
Suez has backed private-equity firm Ardian's plan to launch a
takeover bid for the company, the latest development in a story
that this week saw Veolia Environnement increase its bid for
Engie's shares in Suez as part of its plan to take over its
Rolls-Royce Plans Rights, Raises New Debt
Rolls-Royce said it planned a discounted GBP2 billion rights
issue and looked to secure fresh debt as part of a recapitalization
package to bolster its balance sheet.
Secretive High-Speed Trading Firm Hits Jackpot With TikTok
Susquehanna International Group is sitting on a stake in the
app's owner, Beijing-based ByteDance, that could be worth more than
(END) Dow Jones Newswires
October 01, 2020 09:00 ET (13:00 GMT)
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