News Highlights: Top Company News of the Day
18 August 2017 - 10:30PM
Dow Jones News
Power-Generation Company Calpine Agrees to Be Sold to Consortium
Private-equity firm Energy Capital Partners and a group of
co-investors has agreed to buy power-generation company Calpine for
$5.6 billion.
Third Bidder Emerges for Energy Future's Oncor
A new bidder has emerged with a $9.3 billion offer for
power-transmission company Oncor that could wrest it from a deal
with Warren Buffett's Berkshire Hathaway Inc., according to people
familiar with the matter.
Farm Slump Slows Deere's U.S. Sales
Equipment maker Deere continues to face headwinds from the
troubled U.S. farm economy.
Two Tenet Board Members Resign, Setting Up Potential Proxy Fight
Two members of Tenet Healthcare's board of directors, who
represent the company's largest institutional shareholder, have
resigned their posts, citing "irreconcilable differences" over
significant matters involving the company.
SEC to Drop Civil Charges Against Ex-J.P. Morgan 'London Whale' Traders
Federal regulators said they would drop civil charges against
two former J.P. Morgan Chase & Co. traders at the center of the
2012 "London Whale" saga, ending the last U.S. case against traders
involved in a debacle that cost the New York bank more than $6
billion.
Poland Spring Suit Accuses Nestlé of 'Colossal Fraud'
Nestlé is facing a lawsuit in the U.S. alleging that its Poland
Spring brand is "common groundwater" rather than spring water,
which the suit claims makes the marketing of Poland Spring water a
"colossal fraud."
Foot Locker Sales Miss Weighs on Sector
Foot Locker reported worse-than-expected same-store sales in its
latest quarter, a sign that the 'athleisure' market may be running
out of steam.
U.S. Unit of Intesa Sanpaolo Agrees to Pay $35 Million Over Mishandling ADRs
A U.S. subsidiary of Italian bank Intesa Sanpaolo SpA has agreed
to pay $35 million to settle claims that it improperly obtained and
lent foreign shares to clients, marking the second time regulators
have penalized a broker-dealer based on a wide-ranging probe of the
market.
The Latest Front in Battling Hate Groups: Credit Cards
Payments and credit-card companies including American Express,
Discover and PayPal are booting dozens of individuals and groups
associated with right-wing extremist movements off their
systems.
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.
(END) Dow Jones Newswires
August 18, 2017 17:15 ET (21:15 GMT)
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