News Highlights: Top Company News of the Day
ConocoPhillips to Buy Shale Rival Concho for $9.7 Billion
The all-stock transaction would be the largest U.S. oil deal
since the coronavirus pandemic began roiling energy markets, as
companies seek to bulk up to ride out weak demand and low
Alibaba Takes on Walmart in China With $3.6 Billion Investment in Hypermarket Chain
The e-commerce giant plans to double its stake in Sun Art Retail
Group, which operates more than 480 supermarket-department stores
in China under the RT-Mart and Auchan brands.
Hong Kong's Exchange to Hold Hearing on Ant IPO After Green Light From Chinese Regulator
The Stock Exchange of Hong Kong will hold a listing hearing
Monday to determine whether Ant Group can proceed with its planned
initial public offering in the city, people familiar with the
matter said, after the financial technology giant received a notice
from the China Securities Regulatory Commission.
The Dodo Is Getting Into Pet Insurance
Group Nine Media, owner of the Dodo animal-video brand, has
taken a stake in Petplan, the animal insurer. The venture will be
rebranded as 'Fetch by The Dodo' next year.
Auto Makers Grapple With Battery-Fire Risks in Electric Vehicles
The companies are confronting a new challenge in their race to
sell more electric cars: battery-related fires leading to vehicle
recalls and safety probes.
LLR Collects $1.8 Billion to Invest in Lower Midmarket Businesses
Philadelphia-based LLR closed on the capital late last week,
after kicking off fundraising for the new vehicle, LLR Equity
Partners VI LP, in early March, said Mitchell Hollin, a partner at
American Equity Chooses Brookfield Deal Over Takeover Offer
American Equity Investment Life Holding rejected a takeover
offer by Massachusetts Mutual Life Insurance and Athene Holding and
said it reached a partnership with Brookfield Asset Management.
Holiday Delivery Crunch Starts Early This Year
Both FedEx and UPS have told some of their largest shippers that
most of their capacity is already spoken for. The outlook has sent
retailers on the hunt for alternatives.
New 5G iPhones Kick Off Poaching Season for Carriers
While AT&T, T-Mobile and Verizon all use Apple's high-speed
cellular capabilities to promote their networks, their pitches
CICC Poised to Raise $1.97 Billion in Shanghai Listing
The A-share listing of CICC, a leading brokerage and investment
bank in China, comes as the country further opens up its financial
markets to foreign firms, which could ratchet up pressure on
(END) Dow Jones Newswires
October 19, 2020 09:15 ET (13:15 GMT)
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