News Highlights: Top Company News of the Day
November 08 2018 - 2:30PM
Dow Jones News
Chevron Stayed in Venezuela Long After Rivals Quit. It's Having Second Thoughts
It's both a moral and commercial choice. Profits are drying up
amid corruption and a social and economic crisis. Chevron has
weighed leaving, given the taint of working with the Maduro
government, but fears a withdrawal could make things worse for the
country.
Coke's New Drinks May Violate Deal, Monster Says
Coca-Cola plans to launch Coke-branded energy drinks, returning
to a growing category that would put the beverage giant in
competition with partner Monster Beverage.
Google to End Forced Arbitration for Sexual-Harassment Claims
Google said it would end its requirement for employee sexual
harassment claims to be handled in private arbitration, one week
after thousands of workers walked out around the world to protest
its handling of workplace issues.
Wells Fargo Mulls Sale of Retirement-Plan Services -- Barrons.com
Wells Fargo is pondering unloading its retirement-plan services
business, Bloomberg reports, citing anonymous sources familiar with
the matter
Perrigo Strikes Out Again
Miserable third-quarter results highlight the urgency of a
turnaround at Perrigo.
Bombardier to Cut 5,000 Jobs, Sell Units in Restructuring
Bombardier said it would shed its turboprop unit and a training
business as part of a streamlining that will generate net proceeds
of some $900 million and eliminate about 5,000 jobs.
Johnson Controls Hits Snag in Process to Sell Car-Battery Business
Johnson Controls hit a last-minute snag in the sale of its
automotive-battery business to Brookfield Asset Management, and
Apollo Global has been invited to rebid.
UBS Will Fight Expected U.S. Lawsuit Over Mortgage Securities
The Swiss banking giant will fight an expected civil complaint
from the U.S. Justice Department over its issuance, underwriting
and sale of residential mortgage-backed securities before the
financial crisis.
Carlyle Group Reinvests in CommScope to Help Fund Acquisition
CommScope, which agreed to buy telecom equipment maker Arris
International for about $4.93 billion, plans to finance the deal in
part through a $1 billion investment from Carlyle Group.
Partnership to Buy Anadarko Petroleum's Midstream Assets
Anadarko Petroleum is selling what is largely left of its
midstream assets to Western Gas Partners, a partnership it formed a
decade ago, in a deal that it said is valued at about $4.02
billion.
(END) Dow Jones Newswires
November 08, 2018 15:15 ET (20:15 GMT)
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