News Highlights: Top Company News of the Day
10 August 2018 - 2:30PM
Dow Jones News
Goldman Sachs Lures Merger Master From Rival JPMorgan
Goldman Sachs has poached a top JPMorgan deal maker, continuing
a hiring spree that has brought more than a dozen outsiders into
the Wall Street powerhouse's upper ranks in the past few
months.
Tesla Board's Independence Faces Tough Test
Elon Musk's surprising buyout idea for Tesla puts the spotlight
on its board members, most of whom have close business or personal
relationships with the electric-car company's leader.
U.S. Autos Get Left Behind as China's Tariff Cut Boosts Europe, Japan
Auto makers exported a record $7.4 billion worth of vehicles to
China last month, as European and Japanese companies took advantage
of a tariff cut that excludes their U.S. counterparts.
Nike Hit With Lawsuit From Ex-Employees Alleging Discrimination
Two women filed a lawsuit against Nike, alleging it
discriminated against them, the latest development in a
workplace-culture scandal at the company.
As BMW Blazes Mount, South Korea Counsels Caution
South Korea urged owners of recalled BMWs to take their vehicles
for urgent safety checks after dozens of vehicle fires were
reported, which BMW has largely blamed on a faulty exhaust
component.
Qualcomm, Taiwan Reach Settlement in Patent-Licensing Dispute
Qualcomm notched a victory in its effort to preserve its
patent-licensing business, saving the company nearly $700 million
in fines.
Germany's Merck Boosts Hedges Against Currency Gyrations
German drugmaker Merck KGaA ramped up its currency hedging
efforts in recent months as wild swings in exchange rates took a
bite out of earnings.
Bayer Builds Up Warehouse Space for Drug Supplies
The pharmaceutical company allocated additional warehousing
space to hedge against the possibility of a no-deal Brexit
disrupting its U.K. supplies.
Publishers Tire of Revolving Door in Barnes & Noble's C-Suite
Book-publishing executives expressed concerns to Barnes &
Noble about continuing management instability at the retail giant
and the direction of the business, in the wake of the sudden firing
last month of Demos Parneros as chief executive.
For Uber and Airbnb, New York City Turns Foe
Two measures in New York City could hamper Silicon Valley
heavyweights Uber Technologies and Airbnb as they prep for
potential initial public offerings expected as soon as next
year.
(END) Dow Jones Newswires
August 10, 2018 09:15 ET (13:15 GMT)
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