News Highlights: Top Company News of the Day
12 August 2017 - 9:30AM
Dow Jones News
Tesla First-Ever Sale of Traditional Bonds Upsized on Strong Demand
Tesla finalized terms on its first-ever sale of traditional
bonds, opening up a new path to raising cash as it pursues its
ambitious effort to compete with more established auto makers.
Group of Uber Investors Pushes Back Against Benchmark Capital
A legal feud between Uber Technologies's co-founder and one of
its biggest investors spiraled into a broader battle among
shareholders that threatens to throw the world's most highly valued
startup into further turmoil.
Lawyers Seek Another $1 Billion From GM Over Ignition-Switch Defect
Lawyers are alleging that General Motors is on the hook for an
additional $1 billion to address claims stemming from faulty
ignition switches, a move the car maker has called
"ridiculous."
Store Closings Weigh on J.C. Penney
J.C. Penney posted a wider quarterly loss, as liquidation sales
at stores it closed during the period weighed on the company's
results.
Hewlett Packard Enterprise to Send Supercomputer to Space
Hewlett Packard Enterprise Co. is reaching for the stars,
sending the first commercial supercomputer into space for a
yearlong experiment that could help make possible an eventual
mission to Mars.
Hackers Access Hotel Networks, Targeting Travelers
Hackers matching the profile of a pro-Kremlin group managed to
wrest at least partial control of wireless networks at several
hotels across Europe last month, a cybersecurity firm said.
Amazon Forges Deal With Creator of 'The Walking Dead'
Robert Kirkman, creator of "The Walking Dead," will develop
programming that will air exclusively on Amazon's streaming
service.
Latest Hot Digital Coin Offering: $187 Million in One Hour for Filecoin
About two weeks after the Securities and Exchange Commission
warned it would be patrolling the red-hot market for initial coin
offerings, a giant new offering has landed.
Canadian Lender Callidus, Accused of Fraud By Whistleblowers, Posts Loss
Canadian alternative lender Callidus Capital, accused by
whistleblowers of fraud, swung to a second-quarter loss.
Facebook Courts Video Makers for 'Watch' Tab With Financial Incentives
For the many digital publishers who have been shifting their
focus to video content, Facebook's new "Watch" video platform is a
sight for sore eyes.
(END) Dow Jones Newswires
August 11, 2017 19:15 ET (23:15 GMT)
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