News Highlights: Top Company News of the Day
13 December 2017 - 12:15AM
Dow Jones News
Mall Operator Westfield Agrees to Takeover Bid Valued at $16 Billion
Westfield, the Australian operator of marquee malls from
California to New York's World Trade Center, agreed to a $15.7
billion takeover offer from European shopping-center giant
Unibail-Rodamco.
Facebook to Give Countries a Chance to Tax Its Profits From Local Ads
Facebook plans to book more revenue in the countries where it
sells ads, becoming the latest tech company to bow to pressure from
nations to simplify its tax structure and potentially pay more
income tax overseas.
Sears Extends Debt, Eyes New Borrowing
Sears Holdings extended the terms of a $400 million loan while
announcing a new planned borrowing to cover pension
contributions
Nintendo Looks for Help to Raise Its Smartphone Game
Nintendo is looking to expand tie-ups with software developers
to strengthen its smartphone-game lineup after an early alliance
aimed at cracking the mobile market fell behind schedule, people
familiar with the matter said.
GE Probed Who Knew About Spare Jet for Immelt
General Electric recently conducted an internal review into the
flying of a spare business jet to accompany former CEO Jeff Immelt,
as it seeks to understand an unusual practice that went on for
years and surprised investors when they learned of it in
October.
Canada Warns Boeing in Launch of New Aircraft Competition
Canada said it intends to launch a competition next year to buy
88 new jet fighters that threatens to penalize bidders that cause
"harm" to its economy -- another warning to Boeing Co. to drop its
trade complaint against Canada's Bombardier Inc.
Saudi Aramco Ramps Up Spending to Over $40 Billion a Year
Saudi Arabian Oil Co. unveiled a plan to invest more than $40
billion a year in projects over the next decade, a significant
expansion for the world's largest energy company ahead of its
expected public listing.
Electronic Arts Needs the Force to Awaken Again
Walt Disney isn't the only company with a lot riding on the new
Star Wars movie this week. Electronic Arts could really use a boost
from the Force.
Sterling Bay Is in Advanced Talks to Buy Groupon Building in Chicago
A venture of one of Chicago's most active real-estate developers
and JP Morgan Asset Management are in advanced talks to buy Groupon
Inc.'s headquarters for about $520 million from Sam Zell's Equity
Commonwealth, according to people familiar with the matter.
Electric-Vehicle Boom Is a Boon for Coal King Glencore
Glencore, long known as one of the world's dominant coal
traders, in a twist is finding itself the beneficiary of the
greening of the global economy.
(END) Dow Jones Newswires
December 12, 2017 19:00 ET (00:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.