News Highlights: Top Company News of the Day

Date : 12/08/2017 @ 00:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

Tesla First-Ever Sale of Traditional Bonds Upsized on Strong Demand 

Tesla finalized terms on its first-ever sale of traditional bonds, opening up a new path to raising cash as it pursues its ambitious effort to compete with more established auto makers.

Group of Uber Investors Pushes Back Against Benchmark Capital 

A legal feud between Uber Technologies's co-founder and one of its biggest investors spiraled into a broader battle among shareholders that threatens to throw the world's most highly valued startup into further turmoil.

Lawyers Seek Another $1 Billion From GM Over Ignition-Switch Defect 

Lawyers are alleging that General Motors is on the hook for an additional $1 billion to address claims stemming from faulty ignition switches, a move the car maker has called "ridiculous."

Store Closings Weigh on J.C. Penney 

J.C. Penney posted a wider quarterly loss, as liquidation sales at stores it closed during the period weighed on the company's results.

Hewlett Packard Enterprise to Send Supercomputer to Space 

Hewlett Packard Enterprise Co. is reaching for the stars, sending the first commercial supercomputer into space for a yearlong experiment that could help make possible an eventual mission to Mars.

Hackers Access Hotel Networks, Targeting Travelers 

Hackers matching the profile of a pro-Kremlin group managed to wrest at least partial control of wireless networks at several hotels across Europe last month, a cybersecurity firm said.

Amazon Forges Deal With Creator of 'The Walking Dead' 

Robert Kirkman, creator of "The Walking Dead," will develop programming that will air exclusively on Amazon's streaming service.

Latest Hot Digital Coin Offering: $187 Million in One Hour for Filecoin 

About two weeks after the Securities and Exchange Commission warned it would be patrolling the red-hot market for initial coin offerings, a giant new offering has landed.

Canadian Lender Callidus, Accused of Fraud By Whistleblowers, Posts Loss 

Canadian alternative lender Callidus Capital, accused by whistleblowers of fraud, swung to a second-quarter loss.

Facebook Courts Video Makers for 'Watch' Tab With Financial Incentives 

For the many digital publishers who have been shifting their focus to video content, Facebook's new "Watch" video platform is a sight for sore eyes.


(END) Dow Jones Newswires

August 11, 2017 19:15 ET (23:15 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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