News Highlights: Top Company News of the Day
14 March 2018 - 2:30AM
Dow Jones News
In U.S.-China Tech Rivalry, Whose Side Is Qualcomm On?
Qualcomm's strategic value to the U.S. saved it from a hostile
takeover, but the mobile-chip giant is now at the center of an
escalating tech rivalry between its home country and its biggest
market: China.
Gun Maker Remington Plans to File for Bankruptcy Protection
Remington, a gun manufacturer that private-equity owner Cerberus
spent more than a decade building into an industry giant, is now on
the brink of bankruptcy as it copes with a heavy debt load and
volatile gun sales.
SL Green Sells Property to Prop Up Its Share Price
SL Green is selling real-estate assets into the private market
at high values and using the proceeds to buy back its own public
shares at discounted prices.
San Miguel Aims to Raise Up to $3 Billion in Share Sale
San Miguel is seeking to raise as much as $3 billion through a
proposed share sale of its food-and-beverage business in the third
quarter of this year.
GE's Top Executives Miss Out on Cash Bonuses for the First Time
General Electric discloses its board withheld 2017 bonuses and
canceled some 2015 equity awards that executives would have partly
received.
Goldman Pushes Past Trading Roots With Executive Shift
David Solomon became the heir apparent at Goldman Sachs after
his main rival for the top job abruptly resigned, developments that
show the Wall Street powerhouse is continuing to move beyond its
trading roots.
Stitch Fix Stays in Fashion
Styling company Stitch Fix continues to grow its revenue and
clients, disproving skeptics, as it added 100,000 clients in its
latest quarter.
Finnish State Investor Buys Nokia Stake
Finnish state-owned investment firm Solidium has spent $1.04
billion since the beginning of the year to buy a 3.3% stake in
Nokia.
Antofagasta's Earnings Soar
Chilean miner Antofagasta said its net profit in 2017 rose more
than four-fold, driven by an improved copper market and strong cost
management.
Apple to Acquire Magazine-Subscription Service Texture
Apple said it will acquire Next Issue Media and its
digital-magazine-subscription service Texture, a product developed
by top magazine companies that bundles together some 200
subscriptions into one monthly service.
(END) Dow Jones Newswires
March 13, 2018 11:15 ET (15:15 GMT)
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