News Highlights: Top Company News of the Day
23 April 2018 - 11:30AM
Dow Jones News
Tencent Music Entertainment Group Preparing IPO
Tencent Music, China's largest music-streaming company, is
preparing what would be one of the largest tech IPOs ever following
the successful debut of its European counterpart Spotify.
Fresenius Ends Deal to Buy Akorn, Which Pledges a Fight
Fresenius on Sunday said it is terminating its $4.3 billion
agreement to buy generic-drug maker Akorn, but Akorn said they
intend to see the deal go through.
Wells Fargo Struggles to Meet an Enforcement-Action Deadline
Wells Fargo is facing more regulatory challenges as it seeks an
extension in a deadline to satisfy an enforcement action related to
anti-money-laundering controls.
U.S.-China Trade War Is Bad News for Google's Expansion
The barring of Chinese smartphone maker ZTE by the U.S.
government from working with American companies is an unforeseen
challenge for Google in a bid to get its mobile software in the
hands of wider swaths of users.
Amazon Trades Like a Tech Stock But Pays Like a Warehouse
Median pay at Amazon reveals the predominantly blue-collar
nature of its workforce, which sets it apart from tech peers
Facebook, Apple and Google-parent Alphabet Inc.
HNA Cuts Stake in Deutsche Bank as It Continues to Unload Assets
HNA Group has cut its stake in Deutsche Bank to 7.9% from 8.8%,
as the Chinese conglomerate continues to unload its overseas
holdings.
BJ's Wholesale Club Set For IPO
The private-equity owners of BJ's Wholesale Club are preparing
to take the company public in the coming months, people familiar
with the deal said.
Airline Regulators Call for Emergency Inspections of Boeing 737 Engines
U.S. aviation regulators in the wake of this week's fatal
Southwest Airlines accident imposed emergency inspection
requirements for jet engines that power many Boeing 737 jetliners
around the world.
U.S. Arm of Insurer AXA Seeking to Raise $4 Billion in IPO
AXA Equitable Holdings, the U.S. arm of the French insurer AXA,
plans to begin showcasing itself to investors next week for what
would be the biggest U.S.-listed IPO of the year so far, measured
by amount of money raised.
Wells Fargo to Pay $1 Billion to Settle Risk Management Claims
Wells Fargo agreed to pay $1 billion to settle federal claims of
misconduct in its auto and mortgage lending businesses. The fine is
the largest against a bank so far in the Trump administration.
(END) Dow Jones Newswires
April 22, 2018 21:15 ET (01:15 GMT)
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