News Highlights: Top Company News of the Day

Date : 11/10/2018 @ 11:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

Apple Swoops Up Engineers From Key Supplier as It Bolsters In-House Chip Design 

Apple has agreed to bring in house more than 300 engineers from one of its key suppliers, Europe-based Dialog Semiconductor-part of a $600 million deal that boosts the smartphone giant's chip-design operations.

American Airlines' Trans-Atlantic Partnerships Under Review 

An agreement that allows American Airlines and European carriers such as British Airways to closely coordinate schedule and pricing for trans-Atlantic flights is getting fresh scrutiny in Britain.

BMW to Take Control of China Joint Venture in $4 Billion Deal 

BMW is the first foreign auto maker to take advantage of Beijing's easing of long criticized rules that limit foreign ownership in the sector.

Snowflake More Than Doubles Valuation in Nine Months 

Data-warehousing startup's value reflects companies' appetite for cloud services.

McDonald's Franchisees Plan Push for Stronger Sales 

Some 400 McDonald's franchisees gathered for a rare meeting Wednesday to discuss their concerns about the burger giant's plans for improving weak sales. The attendees will seek to form an independent operators' association.

Bayer Could Win a New Roundup Trial 

A California judge issued a tentative ruling that calls into question a $250 million damages award to a groundskeeper, who sought to hold the Roundup maker liable for his non-Hodgkin lymphoma.

Jack Dorsey's Square Loses Its CFO 

The mobile-payment company said Wednesday that Chief Financial Officer Sarah Friar is leaving to become chief executive at neighborhood social network Nextdoor.

Plan to Fix Journalism With Cryptocurrency Draws Skepticism 

The Civil Media Co. bills itself as a solution to some pressing problems in modern journalism, pitching a new cryptocurrency that would help news consumers support quality information and weed out bad actors.

AT&T Streaming Video Service Is Set to Launch in 2019 

AT&T is set to launch a streaming video service featuring films and TV shows it acquired from its purchase of Time Warner, ratcheting up its rivalry with Netflix.

Lampert Won't Give Sears Another Lifeline 

Edward Lampert, the hedge-fund manager who controls Sears Holdings, has repeatedly bailed out the struggling retailer with short-term loans. Now, he is cutting the cord.


(END) Dow Jones Newswires

October 11, 2018 07:15 ET (11:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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