News Highlights: Top Company News of the Day

Date : 11/08/2018 @ 8:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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 -- 

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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