News Highlights: Top Company News of the Day
December 11 2017 - 10:15PM
Dow Jones News
Comcast No Longer Reviewing Deal for 21st Century Fox Assets
Comcast Corp. said it is no longer pursuing a deal to acquire
several key media and entertainment assets from 21st Century
Fox.
Atos Offering $5 Billion for Gemalto
French IT services firm Atos SA is making an unsolicited bid to
buy smart-card maker Gemalto NV, part of a broader wave of deals in
the payment space as rivals join forces to cut costs.
Apple Acquires Shazam and Its Song-Recognition App
Apple has acquired Shazam Entertainment, giving it one of the
popular song-recognition apps at a time the iPhone maker is looking
to boost its music-subscription service.
Icahn to Launch New Board Fight With Xerox
Activist investor Carl Icahn plans to launch a new board fight
with Xerox in an attempt to change management of the company, his
second offensive against the copy-machine maker in a roughly
two-year span.
3M Sells Optical Fiber Business to Corning for $900 Million
Corning agreed to buy almost all of 3M's optical fiber and
copper cable business for $900 million.
Samsung Heavy Industries Replaces CEO After Warning of Losses
Samsung Heavy Industries, the world's third-largest shipyard by
capacity, replaced its chief executive after warning of heavy
losses that wiped away nearly a third of its market value.
Iron Mountain to Acquire IO Data Centers' U.S. Operations for $1.32 Billion
Records-storage company Iron Mountain Inc. will acquire the U.S.
operations of private equity-backed data-center manager IO Data
Centers LLC for about $1.32 billion.
Mattel Warns of Weak Holiday Quarter, Two Weeks Before Christmas
Mattel warned of another gloomy holiday season as key brands
continue to struggle and toy retailers tighten the amount of
inventory they are willing to buy upfront.
Despite Mergers, Hospitals Are in Serious Condition
American hospitals have a target on their backs. The latest
merger talk is an attempt to rally their strength, but industry
payers' battle against high health-care costs shows no sign of
letting up.
App Maker Halts Initial Coin Offering After SEC Investigation
The Securities and Exchange Commission intervened to halt a $15
million initial coin offering that would have evaded laws for how
securities must be sold. The case is the first in which the SEC has
taken action against an ICO without making fraud claims.
(END) Dow Jones Newswires
December 11, 2017 23:00 ET (04:00 GMT)
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