News Highlights: Top Company News of the Day
13 November 2018 - 9:30AM
Dow Jones News
Sears Offers to Sell Bonds to Hedge Funds That Bet on Its Default
Debt auction could juice returns on funds' bearish credit
derivative bets while raising cash for Sears
Snap's Head of Content to Leave Company
Snap's head of content Nick Bell plans to leave the social-media
company by year's end, bringing to at least a half dozen the number
of executives who have left the firm over the past year.
Facebook to Give Special Access to French Regulators
A team of French regulators will spend six months monitoring how
Facebook removes certain kinds of illicit content as part of a
pilot program between the social media giant and the French
government.
California Utilities Plummet on Wildfire Fears
Shares of two of California's largest utilities plunged Monday
as concerns escalated that the companies could face billions of
dollars in potential liabilities as a result of the state's latest
devastating wildfires.
Record Biotech IPO May Be Worth the $7 Billion
Moderna is slated to offer the largest Biotech IPO on record,
and a $7 billion valuation isn't as crazy as it sounds.
GE Shares Fall Again, Hit New Low
General Electric shares continued to slide even as new CEO Larry
Culp tried to put the market at ease about the company and its
troubled power division.
Athenahealth to Sell Itself for $5.47 Billion
Health-care software firm Athenahealth is selling itself to an
affiliate of two private-equity firms for $5.47 billion in cash
months after an activist investor offered to take the business
private.
Kodak Expects $390 Million in Printing Business Deal
Kodak says it will receive up to $390 million by selling its
Flexographic Packaging unit to a private-equity investor, a deal
that could help the company pay down a loan that matures next
year.
Coty's Names New CEO
Coty announced a new chief executive and changes to its board,
days after reporting sluggish sales, particularly in its consumer
beauty division, and disruptions in its supply chain.
Diageo to Sell 19 Brands Amid Focus on Premium Spirits
The world's largest liquor maker is selling a portfolio of
brands, including Goldschläger and Seagram's VO whiskey, to Sazerac
for $550 million as it pivots toward premium brands and
higher-growth products.
(END) Dow Jones Newswires
November 12, 2018 17:15 ET (22:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.