News Highlights: Top Company News of the Day

Date : 11/09/2019 @ 11:15
Source : Dow Jones News

News Highlights: Top Company News of the Day

 
Sonos Can Pump Up the Volume 
 

The embattled speaker maker's stock is hot again, but its valuation still leaves room for gains.

 
Hong Kong Stock Exchange Makes Offer for LSE 
 

The operator of Hong Kong's stock exchange has made an unsolicited bid to acquire the London Stock Exchange in a deal valued at around $36.6 billion.

 
Charles Schwab Plans Layoffs as Falling Interest Rates Hurt Profit 
 

Charles Schwab is cutting about 600 jobs, as it deals with the impact of lower interest rates.

 
Apple Undercuts Rivals With Streaming Price 
 

Apple revealed a trio of upgraded iPhones, including a lower-priced model, and detailed its plans to enter the increasingly competitive video-streaming market with an offering that is cheaper than rivals.

 
GE to Give Up Majority Control of Baker Hughes 
 

General Electric is giving up majority control of Baker Hughes, selling shares in the oil-field services firm that will raise about $3 billion cash but trigger a more-than-$7-billion accounting charge.

 
GameStop Grapples With Falling Sales as Competition Looms 
 

The videogame retailer's sales fell 14% as consumers increasingly download games instead of buying packaged software.

 
China's Anbang to Sell Hotels for More Than $5.8 Billion 
 

China's Anbang agreed to sell luxury hotels for more than $5.8 billion even as a California individual had secretly created a series of fake deeds to transfer ownership for up to a half-dozen of the properties.

 
Reliance Nippon Life Asset to Launch $190 Million Fund This Month 
 

India's Reliance Nippon Life Asset Management plans to launch a $190 million fund of venture capital funds around the end of September, said an executive of the firm's new majority owner, Nippon Life Insurance Co.

 
JPMorgan CEO Dimon Raises Specter of Zero Rates 
 

The biggest bank in the U.S. is starting to prepare for how to make money if interest rates in the U.S. drop to zero.

 
Executives Say $1 Billion for AI Research Isn't Enough 
 

The announcement of a nearly $1 billion federal commitment toward artificial-intelligence research drew a mixed response from business leaders who said the U.S. needs to do more to maintain a competitive edge in AI.

 
 

(END) Dow Jones Newswires

September 11, 2019 07:00 ET (11:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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