News Highlights: Top Company News of the Day
21 May 2018 - 4:30PM
Dow Jones News
Britain Unlikely to Review Comcast's Sky Deal
Britain is unlikely to open an antitrust review into Comcast's
$30 billion bid for U.K. pay-TV giant Sky, a senior government
official said, removing a hurdle for the cable firm in a takeover
battle that also includes Fox and Disney.
GE to Merge Rail Division With Wabtec in $11 Billion Deal
General Electric agreed to merge its railroad business with
Wabtec, in a deal valued at about $11 billion, letting GE raise
some cash to fund its turnaround and shed one of its oldest
operations.
Cohen Probe Crimps Bridgewater Plan to Name New Board Member
Bridgewater Associates was close to bringing former Novartis CEO
Joseph Jimenez on board but is delaying in the wake of revelations
about his role in payments to President Donald Trump's attorney,
people familiar with the matter said.
Small Brands Are Taking a Thousand Little Bites Out of Campbell's Business
As Americans become more adventurous with the grocery cart, food
aisles are undergoing a transformation that is forcing big food
companies to keep up with $10 bottles of juice and
sophisticated-tasting cookies.
Icahn, Corvex Show Interest in Buying Energen
Activist investors Corvex Management and Carl Icahn say they are
potentially interested in buying oil-and-gas company Energen,
according to a securities filing.
New Fintech IPO Offers Litmus Test for Online Lenders
The company hopes to break a string of disappointing debuts for
other fintech upstarts.
Advanced Features Make Cars Safer, but They're Slow to Catch On
Most new cars nowadays can be outfitted with advanced safety
gear, but salespeople often fail to pitch buyers on the benefits of
these potentially lifesaving but costly features.
Hyundai Car-Parts Affiliate Calls Off Deal Opposed by U.S. Hedge Fund
South Korean auto-parts maker Hyundai Mobis abruptly called off
its planned restructuring, handing an early victory to U.S.
activist hedge fund Elliott Management, which had led the
opposition to the deal.
U.K. Court Dismisses Charges Against Barclays Over Qatari Capital Raise
Barclays said a British court dismissed charges brought against
the bank over its emergency fundraising from Middle Eastern
investors during the financial crisis.
Fifth Third to Buy MB Financial
Fifth Third Bancorp and MB Financial announced that they have
agreed to merge in a mostly stock deal, further expanding Fifth
Third's presence in Chicago.
(END) Dow Jones Newswires
May 21, 2018 11:15 ET (15:15 GMT)
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