News Highlights: Top Equities Stories of the Day
October 23 2016 - 8:15PM
Dow Jones News
AT&T Faces Political Barrage
AT&T Inc.'s blockbuster $85.4 billion deal to buy Time
Warner Inc. promises to reshape the media landscape -- if the
companies can navigate a series of obstacles, including possible
opposition from U.S. antitrust authorities and objections by
lawmakers and media and telecom rivals. (published 0048 GMT)
Cooper Energy Buying Santos Gas Assets for About $62 Million
Cooper Energy Ltd. has agreed to buy Santos Ltd.'s natural-gas
assets offshore southern Australia for as much as US$62 million,
driving up the exploration and production company's output and
bolstering its gas reserves. (published 2320 GMT Sunday)
China Oceanwide to Buy Genworth Financial for $2.7 Billion >GNW
Chinese investment firm China Oceanwide Holdings Group Co. said
it agreed to buy U.S.-based insurer Genworth Financial Inc. for
about $2.7 billion. (published 2258 GMT Sunday)
Low-Key CEO Jeff Bewkes Reshaped Time Warner Before AT&T Sale -- Update
Jeff Bewkes, the chief executive of Time Warner Inc., built his
reputation on shrinking the media conglomerate down to focus on TV
and film content by unraveling the failed marriage with AOL and
breaking free from the Time Warner Cable distribution business.
(published 0020 GMT)
Rockwell Collins to Buy B/E Aerospace for $6.4 Billion--3rd Update
Rockwell Collins Inc. agreed to pay $6.4 billion to buy B/E
Aerospace Inc. in a deal that would unite two of the biggest
suppliers to airlines and plane makers. (published 2012 GMT
Sunday)
The Fatal Mistake That Doomed Samsung's Galaxy Note
The X-ray and CT scans showed a pronounced bulge. After reports
of Galaxy Note 7 smartphones catching fire spread in early
September, Samsung Electronics Co. executives debated how to
respond. Some were skeptical the incidents amounted to much,
according to people familiar with the meetings, but others thought
the company needed to act decisively. (published 1856 GMT
Sunday)
Petrobras Settles 'Car Wash' Suits With Pimco, Others
Brazilian state oil company PetrĂ³leo Brasileiro SA has agreed to
settle lawsuits from Pacific Investment Management Co. and three
other investors who alleged they were harmed by a corruption scheme
that funneled billions of dollars from the company. (published 1824
GMT Sunday)
(END) Dow Jones Newswires
October 23, 2016 21:00 ET (01:00 GMT)
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