News Highlights: Top Company News of the Day
November 19 2018 - 12:15PM
Dow Jones News
Ghosn Arrested as Nissan Plans Ouster for False Pay Filings
Nissan Chairman Carlos Ghosn was arrested in Tokyo, and Nissan
said it intended to oust him after uncovering "significant acts" of
financial misconduct, including underreporting his income in
securities filings.
Apple Stock at Risk of Entering Bear-Market Territory
Apple stock is at risk of closing in a bear market, a worrisome
sign for investors questioning whether the U.S. stock rally can
regain its footing without leadership from the technology
sector.
Paulson Agrees to Buy Stake in Asset Manager From HNA
John Paulson's hedge fund agreed to buy a stake in $238 billion
asset manager BrightSphere from HNA Group Co.
Aramco Abandons Plan for Massive Corporate-Bond Sales to Fund Sabic Deal
Saudi Aramco no longer plans to launch what would have been one
of the world's largest-ever corporate-bond sales to fund a roughly
$70 billion stake in the kingdom's national petrochemical firm,
looking instead to options requiring less public disclosure
GE Veteran John Rice Returns to Troubled Power Unit
General Electric said one of Jeff Immelt's top lieutenants was
returning to the company to help oversee a restructuring at its
power division.
Hedge Fund Offers Truce to Save Sears Swaps Wager
One of Sears Holdings's largest creditors is offering a
settlement to dissuade the bankrupt retailer from launching an
unusual bidding war that could upend a credit-derivative bet.
David's Bridal Files for Chapter 11 Bankruptcy Protection
Bankruptcy filing is part of a $400 million debt-slashing deal
with top lenders
Colfax to Buy DJO Global from Blackstone Funds for $3.15 Billion
Industrial-technology company Colfax is buying DJO Global, a
medical technology firm, from Blackstone-managed private equity
funds for $3.15 billion in cash, Colfax said.
Vanguard Ratchets Up Index-Fund Price Battle
Vanguard Group is lowering the minimum amounts customers need to
invest to get cheaper prices on more than three dozen of its index
funds.
Xiaomi Swings to Profit
Rising sales of higher-end smartphones helped Chinese smartphone
maker Xiaomi post a profit in the third quarter, as revenue
soared.
(END) Dow Jones Newswires
November 19, 2018 13:00 ET (18:00 GMT)
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