News Highlights: Top Company News of the Day
18 August 2017 - 12:30PM
Dow Jones News
Why It is Time to Own France's Biggest Bank
BNP Paribas is exploiting rivals' weaknesses while keeping a
tight rein on costs
Wrong-Way Gas Bet Fueled Goldman's Second-Quarter Swoon
Goldman lost more than $100 million in a wrong-way bet on
regional natural-gas prices this spring, a setback that played a
large role in the New York bank's subpar second-quarter trading
performance.
Energy Capital Partners Near Deal to Buy Calpine
Private-equity firm Energy Capital Partners is nearing a deal to
buy power-generation company Calpine Corp., according to people
familiar with the matter.
Uber's Kalanick Fires Back at Investor in Legal Battle
Uber's former chief executive said Benchmark Capital is engaged
in a personal attack that threatens to further damage the company
and called for the legal dispute to be settled in arbitration.
James Murdoch Criticizes Trump: 'There Are No Good Nazis'
James Murdoch, CEO of 21st Century Fox and board member at News
Corp, became the latest major U.S. business leader to criticize
President Donald Trump's response to white supremacist violence in
Virginia.
Vishal Sikka Resigns as Infosys CEO
Vishal Sikka has resigned as chief executive of Infosys, citing
a resistance to change at the company that deteriorated into ugly
accusations of impropriety.
Higher Costs Chip Away at Lenovo's Profitability
A supply squeeze in memory chips is hampering Lenovo Group's
turnaround strategy, pushing the PC and phone maker to its first
quarterly loss in nearly two years.
Blackstone Group to Buy Midstream Investor Harvest Fund Advisors
Blackstone Group LP has a deal to buy Harvest Fund Advisors LLC,
an investment-management firm with more than $10 billion in assets
under management that focuses on midstream energy assets.
New Ford CEO Hints at Changes in Auto Maker's Self-Driving Plans
Fresh into his role as Ford Motor Co.'s chief executive, Jim
Hackett said the auto maker is rethinking how customers are going
to want to use self-driving vehicle technology.
Hackett Plans Heavy Investments With His New Oklahoma Shale Play
Oilman Jim Hackett said Thursday that his new venture would
increase drilling in Oklahoma's Stack shale play and spend heavily
on pipelines, storage facilities and gas-processing plants.
(END) Dow Jones Newswires
August 18, 2017 07:15 ET (11:15 GMT)
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