News Highlights: Top Company News of the Day
24 November 2017 - 10:15AM
Dow Jones News
Clariant Dismisses Demands of Activist Investor
Swiss chemicals company Clariant rejected many demands of its
largest shareholder in the wake of the failed $15 billion merger
with U.S.-based Huntsman, escalating a battle with activist
investors.
Rio Tinto Isn't Tesla; It Should Hold Fire On a Lithium Bet
Lithium-battery and electric-vehicle plays are enjoying a
futuristic ride into the stratosphere. Rio Tinto shouldn't
follow-at least not yet.
On Tap: Vietnam Seeks Investors for Its Largest Brewer
The Vietnamese government has kicked off a process to find
potential investors for a large stake in state-owned Sabeco, as it
looks to strike a multibillion-dollar deal in the coming weeks.
Quality Scandal Deals Blow to Mitsubishi Materials Stock
Mitsubishi Materials shares tanked early Friday after the
company admitted to manipulating quality data on shipments of parts
for airplanes and cars, the latest quality scandal to hit Japan's
manufacturing industry.
Rio Tinto, Sinosteel Extend Iron-Ore Mining Venture
Rio Tinto again extended its long-running iron-ore mining
venture with China's state-owned Sinosteel to deliver more of the
steelmaking commodity from Australia's remote western Pilbara
region.
New Uber CEO Knew of Hack for Months
While the massive data breach at Uber Technologies Inc. didn't
happen under the watch of the new chief executive, more than two
months elapsed before he notified affected customers and drivers of
the incident, people familiar with the matter said.
'Angry Birds' Maker's Shares Dive
Shares of Rovio Entertainment, the Finnish mobile-gaming firm
that makes "Angry Birds," plunged 20% after it reported a surprise
third-quarter loss, a little more than a month after its initial
public offering.
Amazon With Pumpkin Pie? Holiday Shopping Starts on Your Phone After Dinner
Mobile phones have accelerated a fundamental change in holiday
shopping: online buying on Thanksgiving.
HSBC's Global Banking Co-Head Leaves After 18 Months
HSBC's global banking co-head, Matthew Westerman, will leave
after a turbulent 18 months at the bank, staff were told in a
memo.
The Next Billion-Dollar Boom in Chinese Tech
Many Chinese companies want to tap into the power of artificial
intelligence and cloud computing to increase efficiency and cut
costs, spelling huge opportunity for the enterprise-applications
market.
(END) Dow Jones Newswires
November 24, 2017 05:00 ET (10:00 GMT)
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