News Highlights: Top Company News of the Day
23 April 2018 - 1:30PM
Dow Jones News
Tencent Music Plans IPO; Valuation Could Exceed $25 Billion
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.
Overseas Markets Beckon U.S. Hospital Firms Hungry to Expand
Slower to globalize than many other sectors, the U.S. hospital
industry is now looking beyond American borders for deals in Asia
and other markets, where it hopes to hedge exposure to domestic
pressures.
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.
Starbucks Lacks Clear Guidance for Employees on Nonpaying Customers
Recent arrests of two nonpaying visitors at a Philadelphia
Starbucks have raised questions among some employees about how to
handle such situations.
Ford CEO's Cost-Cut Plan in Focus During Its Slump
Jim Hackett is trying to make changes. But the auto maker is
'burning a lot of cash in a lot of places,' says one analyst.
GM Veteran Joins Race for the Next Tesla
Deep-pocketed investors looking to create the next Tesla are
turning to seasoned automotive executives for help making sense of
the complicated and capital-intensive car business.
(END) Dow Jones Newswires
April 22, 2018 23:15 ET (03:15 GMT)
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