News Highlights: Top Company News of the Day
12 October 2018 - 2:30AM
Dow Jones News
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)
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