News Highlights: Top Company News of the Day

Date : 12/02/2019 @ 05:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

Morgan Stanley, in Biggest Deal Since Crisis, Courts Future Millionaires 
 

In its largest acquisition since the financial crisis, Morgan Stanley is paying $900 million to for Solium, which manages the stock that employees receive as part of their pay.

 
SoftBank Invests $940 Million in Nuro for Driverless Deliveries 
 

SoftBank is investing nearly $1 billion in a robotic-delivery vehicle startup, a hefty injection of capital that could help accelerate the race to put driverless vehicles on the road.

 
U.S. Steel to Expand Under Tariffs 
 

U.S. Steel said it plans to add 1.6 million tons of steelmaking capacity next year by resuming the construction of a new furnace in Alabama as tariffs on foreign metal raise profits on domestic steel.

 
PG&E Board: No More Than Five Directors Will Run for Re-Election 
 

At most, five of PG&E's current directors will be up for re-election at the annual shareholders meeting, the board said, as the utility looks to add more independent voices.

 
FDA Challenges Dietary Supplement Makers 
 

The FDA sent letters to 17 nutritional supplement manufacturers alleging that the companies are illegally selling products with the improper claims they can prevent, treat and cure serious diseases, including Alzheimer's.

 
KPMG Ex-Partner Goes on Trial in 'Steal the Exam' Scandal 
 

A criminal trial that starts Monday may shed more light on a high-profile scandal at the Big Four accounting firm: an effort to help it look better to its regulator that prosecutors say broke the law.

 
Rural U.S. Carriers Resist Proposed Telecom Ban Aimed at Huawei 
 

President Trump is mulling an order that could ban Chinese telecom gear from U.S. networks, but the plan is facing resistance from rural carriers who rely on Huawei equipment.

 
Prices of Pickup Trucks Charge Into Luxury-Car Territory 
 

Ford, GM and Chrysler have in recent years introduced trucks at price points well into luxury territory, offering plusher interiors, more powerful engines and premium options.

 
EQT Buys Gas-Compression Company From Stephens Group 
 

Kodiak Gas Services LLC provides contract-compression equipment and related services to oil-and-gas producers. The company has a presence in several oil-and-gas regions in the U.S.

 
Restaurants Brands Reports Profit Slips 
 

Restaurant Brands International reported profit fell in the fourth quarter primarily due to the adoption of a new accounting standard and a one-time tax hit last year.

 
 

(END) Dow Jones Newswires

February 11, 2019 13:15 ET (18:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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