News Highlights: Top Company News of the Day
December 11 2018 - 10:30AM
Dow Jones News
Verizon Takes $4.5 Billion Charge Related to Digital Media Business
Verizon Communications is booking a $4.5 billion accounting
charge related to its Oath media business, a sign its bet on
high-profile internet properties and content several years ago
hasn't worked out as expected.
Vote Paves Way for Dell to Trade Publicly Again
Dell Technologies is set to begin trading on the New York Stock
Exchange later this month after facing pressure from activist
shareholders and sweetening a buyout offer to investors in its
tracking stock.
Huawei's Top Customer in Japan Reassesses Ties
SoftBank is assessing the impact of eliminating less-expensive
Huawei Technologies gear from its Japanese network following a U.S.
campaign to restrict the Chinese company's business in countries
allied with America.
Nissan-Renault Scandal Shows It's Hard to Keep Car Alliances on Track
The white-hot tensions between Nissan and Renault following the
arrest of longtime alliance leader Carlos Ghosn show that it has
never been easy for the global auto industry to make mergers and
partnerships work.
Starwood's Israeli Bond Price Plummets as Mall Values Erode
Starwood Capital Group's 2013 purchase of a group U.S. shopping
malls has been a struggling investment for years. Now, that
portfolio of shopping centers has become a losing bet in Israel,
too.
Vail Expansion Plan Goes Aggressive and Wipes Out
Vail Resorts Inc., which has been rapidly expanding to become
one of the world's largest owners of mountain resorts, started the
ski season with a crash.
Super Micro Finds No Malicious Hardware in Motherboards
Super Micro Computer said a third-party firm didn't find
malicious hardware on its equipment, as the supplier of
motherboards continued to dispute a report that its products had
been sabotaged.
CBS Directors Fear Legal Risks from Leaks in Moonves Probe
Some CBS directors are concerned that recent leaks from the
investigation into alleged sexual misconduct by former CEO Leslie
Moonves could result in legal exposure for the company or people
found to have failed to prevent the disclosures.
New Accounting Rules Drove Up U.S. Audit Fees in 2017
The increase was nearly double the 1.3% median rise in audit
fees recorded in 2016, according to an annual survey by the
Financial Education & Research Foundation, and came as
companies prepared to implement sweeping new revenue accounting
rules.
WPP Sets Turnaround Plan in Motion
WPP Chief Executive Mark Read set out his vision for a
turnaround, a strategy he hopes will make the world's largest
advertising company better-positioned to contend with the rapidly
changing marketing landscape.
(END) Dow Jones Newswires
December 11, 2018 11:15 ET (16:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.