News Highlights: Top Company News of the Day
September 14 2018 - 8:30AM
Dow Jones News
Anbang Sells Securities Unit in First Big Asset Sale to Raise Cash
Anbang Insurance Group, the once-highflying insurer seized by
the Chinese government, has sold off a securities unit to two
state-backed firms in the first big asset sale to raise cash for
the troubled company.
U.S. Probes Danske Over Russian Money Laundering Allegations
U.S. law enforcement agencies are probing Denmark's largest bank
over allegations of massive money laundering flows from Russia and
former Soviet states, according to a person familiar with the
matter.
Amazon's Bezos: Big Businesses Should Not Be Vilified
Facing political backlash over Amazon's growing market
dominance, Jeff Bezos said that while big companies deserve to be
scrutinized, politicians shouldn't "vilify" them.
Deutsche Bank Renews Investment Bank Chief's Contract
Deutsche Bank renewed the contract of the head of its investment
bank, Garth Ritchie, during a supervisory-board meeting Friday in
Hamburg, according to a person familiar with the matter.
SpaceX Says It Signed Up Its First Moon Tourist
Elon Musk's SpaceX announced that it had signed up the first
private passenger seeking to fly around the moon. It didn't provide
a timetable or other details about the plan.
Car Makers Have a Lot to Lose From China's Slowdown
But precisely how much? Investors need a better idea what's at
stake in the world's largest auto market.
China's High-Powered Tesla Rival Is Short on Gas
NIO, China's answer to Tesla, is off to an electrifying start.
Its sky-high valuation, however, makes even Elon Musk's company
look like a bargain.
Genworth, China Oceanwide Move to Get Deal Approval
Genworth Financial and China Oceanwide Holdings Group said they
will provide more information to regulators in a bid to sweeten
their chances of getting regulatory approval for their proposed
merger.
Norway's Norsk Hydro Pulls $345M Acquisition of Rio Tinto Assets
Norwegian aluminum producer Norsk Hydro said it has pulled its
planned $345 million acquisition of Rio Tinto's Icelandic aluminum
plant
Sears Reports Widening Losses and Tumbling Sales
Sears Holdings Corp. is limping into the critical holiday
season, after the struggling company reported its quarterly sales
fell 26% and it continues to close dozens of stores.
(END) Dow Jones Newswires
September 14, 2018 09:15 ET (13:15 GMT)
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