News Highlights: Top Company News of the Day

Date : 12/10/2018 @ 02:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

Big Lenders Make Push to Liquidate Sears 

Sears Holdings met with lenders to discuss emergency financing for the retailer. Lenders are pushing for the company to liquidate its assets. The meeting ended without an agreement.

Elon Musk's Settlement Still on Track Despite Tweet Mocking SEC 

Elon Musk remains committed to settling fraud charges with the Securities and Exchange Commission, according to a legal filing Thursday, despite recently mocking the case against him.

Walgreens Sales Growth Falls Short 

Walgreens Boots Alliance shares slid in premarket trading as weaker sales of non-pharmacy items put a damper on the drugstore chain's sales growth.

HSBC Names Former JPMorgan Banker as Co-Head of Global Banking 

HSBC Holdings has hired former East West Bancorp President Gregory Guyett as co-head of global banking, filling a role left vacant since the departure of Matthew Westerman a year ago.

Bayer Shares Jump After U.S. Court Calls for New Roundup Trial 

Bayer shares jumped after the company scored a provisional win in its rejection of a record jury award to a plaintiff who sought to hold the maker of Roundup weed killers liable for his non-Hodgkin lymphoma.

Delta Revenue Jumps, Offsetting Fuel Costs 

Delta Air Lines said robust demand for flights helped it overcome rising fuel prices during the latest quarter.

Walmart Cuts Online Video Deals in Bid to Become Entertainment Hub 

The retail giant teams up with Hollywood studio MGM and an interactive-video startup in its rivalry with Amazon. First up is a remake of "Mr. Mom."

L Brands Explores Options for La Senza Chain 

L Brands said it would pursue all alternatives for its La Senza lingerie and intimate-apparel chain as it focuses on its larger core businesses.

Apple Music Lyrics Smarten Up With Genius 

Apple Music will now display lyrics from popular online music encyclopedia Genius, and will become its exclusive Web player, in a deal that could help drive more subscribers to the service.

Intel Plays Its Chips Well 

Intel can't make enough chips these days, but the semiconductor giant does seem to know where to sell the ones that it can.


(END) Dow Jones Newswires

October 11, 2018 11:15 ET (15:15 GMT)

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