News Highlights: Top Company News of the Day

Date : 10/08/2018 @ 23:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

Goldman Sachs Lures Merger Master From Rival JPMorgan 

Goldman Sachs has poached a top JPMorgan deal maker, continuing a hiring spree that has brought more than a dozen outsiders into the Wall Street powerhouse's upper ranks in the past few months.

Tesla Board's Independence Faces Tough Test 

Elon Musk's surprising buyout idea for Tesla puts the spotlight on its board members, most of whom have close business or personal relationships with the electric-car company's leader.

U.S. Autos Get Left Behind as China's Tariff Cut Boosts Europe, Japan 

Auto makers exported a record $7.4 billion worth of vehicles to China last month, as European and Japanese companies took advantage of a tariff cut that excludes their U.S. counterparts.

Nike Hit With Lawsuit From Ex-Employees Alleging Discrimination 

Two women filed a lawsuit against Nike, alleging it discriminated against them, the latest development in a workplace-culture scandal at the company.

As BMW Blazes Mount, South Korea Counsels Caution 

South Korea urged owners of recalled BMWs to take their vehicles for urgent safety checks after dozens of vehicle fires were reported, which BMW has largely blamed on a faulty exhaust component.

Qualcomm, Taiwan Reach Settlement in Patent-Licensing Dispute 

Qualcomm notched a victory in its effort to preserve its patent-licensing business, saving the company nearly $700 million in fines.

Germany's Merck Boosts Hedges Against Currency Gyrations 

German drugmaker Merck KGaA ramped up its currency hedging efforts in recent months as wild swings in exchange rates took a bite out of earnings.

Bayer Builds Up Warehouse Space for Drug Supplies 

The pharmaceutical company allocated additional warehousing space to hedge against the possibility of a no-deal Brexit disrupting its U.K. supplies.

Publishers Tire of Revolving Door in Barnes & Noble's C-Suite 

Book-publishing executives expressed concerns to Barnes & Noble about continuing management instability at the retail giant and the direction of the business, in the wake of the sudden firing last month of Demos Parneros as chief executive.

For Uber and Airbnb, New York City Turns Foe 

Two measures in New York City could hamper Silicon Valley heavyweights Uber Technologies and Airbnb as they prep for potential initial public offerings expected as soon as next year.


(END) Dow Jones Newswires

August 10, 2018 09:15 ET (13:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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