News Highlights: Top Company News of the Day
19 November 2018 - 4:15PM
Dow Jones News
Ghosn Arrested as Nissan Plans Ouster for False Pay Filings
Nissan Chairman Carlos Ghosn was arrested in Tokyo, and Nissan
said it intended to oust him after uncovering "significant acts" of
financial misconduct, including underreporting his income in
securities filings.
Aramco Abandons Plan for Massive Corporate-Bond Sales to Fund Sabic Deal
Saudi Aramco no longer plans to launch what would have been one
of the world's largest-ever corporate-bond sales to fund a roughly
$70 billion stake in the kingdom's national petrochemical firm,
looking instead to options requiring less public disclosure
GE Veteran John Rice Returns to Troubled Power Unit
General Electric said one of Jeff Immelt's top lieutenants was
returning to the company to help oversee a restructuring at its
power division.
David's Bridal Files for Chapter 11 Bankruptcy Protection
Bankruptcy filing is part of a $400 million debt-slashing deal
with top lenders
Colfax to Buy DJO Global from Blackstone Funds for $3.15 Billion
Industrial-technology company Colfax is buying DJO Global, a
medical technology firm, from Blackstone-managed private equity
funds for $3.15 billion in cash, Colfax said.
Vanguard Ratchets Up Index-Fund Price Battle
Vanguard Group is lowering the minimum amounts customers need to
invest to get cheaper prices on more than three dozen of its index
funds.
Xiaomi Swings to Profit
Rising sales of higher-end smartphones helped Chinese smartphone
maker Xiaomi post a profit in the third quarter, as revenue
soared.
Novartis CEO Bets on Cutting-Edge Science to Remake Drug Giant
Novartis AG's recent acquisition streak is pivoting the company
toward new treatments that bear little resemblance to traditional
drugs.
Investment Gains Lift JD.com's Earnings
Chinese e-commerce company JD.com Inc. reported third-quarter
revenue that missed expectations as new customer growth slowed,
while net income nearly tripled as the company received a heavy
boost from investment gains.
Apple Suppliers Suffer as It Struggles to Forecast iPhone Demand
Lower-than-expected demand for Apple's new iPhones and the
company's decision to offer more models have created turmoil along
its supply chain and made it harder to predict the number of
components and handsets it needs.
(END) Dow Jones Newswires
November 19, 2018 11:00 ET (16:00 GMT)
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