News Highlights: Top Company News of the Day
August 20 2018 - 6:30PM
Dow Jones News
Some Tesla Suppliers Fret About Getting Paid
Tesla's tumultuous year has fueled concern among some of its
suppliers about the auto maker's financial strength after
production of the Model 3 car drained some of its cash.
Total Struggles to Exit Project in Iran
Total SA is having difficulty unloading its stake in a $5
billion natural-gas project in Iran to a Chinese partner, after
stopping work on the project earlier this year due to U.S.
sanctions.
Citgo Seeks to Delay Auction of Shares
Citgo Petroleum is asking a federal judge to wait out a higher
court ruling before auctioning off its assets to satisfy
Venezuela's creditors.
Pepsi to Acquire SodaStream in Shift to Healthier Drinks
PepsiCo has agreed to buy SodaStream for $3.2 billion, the
latest move by the cola giant to diversify away from sugary sodas
and salty snacks.
Merrill Lynch to Pay $8.9 Million to Settle Conflict-of-Interest Charge
Merrill Lynch will pay $8.9 million to settle charges it failed
to disclose a conflict of interest.
Hertz Nabs CFO From Nielsen
Car-rental giant Hertz Global Holdings named Jamere Jackson, the
former finance chief of Nielsen Holdings, to lead its finance
team.
EU Conditionally Approves Linde's Merger With Praxair
European antitrust authorities granted conditional approval to
Linde's proposed merger with U.S. rival Praxair, bringing the gas
producers' two-year pursuit of a deal one step closer to
completion.
Finra Fines Interactive Brokers Over Short Sales
One of the largest retail brokerage firms, Interactive Brokers
agreed to pay a $5.5 million penalty for violations related to
"naked" short selling.
Online Luxury Retailer Farfetch Files IPO Plans
Online luxury retailer Farfetch filed plans for an initial
public offering, looking to seize on investor optimism about the
surge in high-end goods sold over the internet.
Engine Names IPG Agency Executive Its New CEO
Ad holding company Engine has hired Kasha Cacy as global chief
executive, tapping an ad industry veteran who will be charged with
simplifying the company's offering to clients
(END) Dow Jones Newswires
August 20, 2018 19:15 ET (23:15 GMT)
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