News Highlights: Top Company News of the Day
18 October 2019 - 12:15PM
Dow Jones News
The Chip Industry Gets a Strong 5G Signal
Industry bellwether TSMC thinks consumer adoption of 5G
smartphones warrants a dramatic expansion of its investment
plans.
Cathay Pacific Puts Dollar Bond Sale on Ice After Cool Reception From Investors
Hong Kong's flagship carrier shelved plans to sell its first
U.S. dollar bonds in more than two decades after receiving lukewarm
interest from potential investors, according to people familiar
with the matter.
New Legal Peril for Generic Drug Companies
A familiar legal threat for generic drug stocks has returned
after UnitedHealth is sued over alleged price fixing.
AT&T in Talks to Resolve Elliott Management's Activist Campaign
AT&T is in talks with Elliott Management to resolve the
activist investor's campaign for change at the phone and media
giant, people familiar with the matter said.
Saudi Aramco Delays Launch of World's Largest IPO
Saudi Aramco has postponed the launch of its initial public
offering, the latest setback for what would be the world's
largest-ever stock market listing.
Zuckerberg Rebuffs Calls for Tighter Controls
In a rare policy speech that could have ramifications for the
U.S. presidential campaign and social movements world-wide, the
Facebook CEO asserted his commitment to free speech over more
aggressive policing of social-media platforms.
Renault Trims Revenue Outlook, Sending Shares Sharply Lower
Renault cut its revenue and operating-margin guidance for the
year, citing slumping sales outside Europe and higher costs
associated with developing cleaner car models.
Bondholders Take Aim at PG&E's $11 Billion Wildfire Insurance Deal
Creditors of PG&E Corp. attacked a proposed $11 billion
settlement of insurance claims surrounding California wildfires,
saying it would give the bankrupt utility too much control over the
restructuring process.
Talks to Settle Opioid Lawsuits Intensify
Drug companies and state and local governments are racing to cut
a deal in landmark opioid litigation, with talks set to continue
before a federal judge that could settle more than 2,500 lawsuits
for tens of billions of dollars.
Bud Brewer Accuses MillerCoors of Stealing Recipes
Budweiser brewer Anheuser-Busch InBev is accusing rival Molson
Coors Brewing of stealing its secret beer recipes, escalating a
fight that began in February over a Super Bowl ad.
(END) Dow Jones Newswires
October 18, 2019 07:00 ET (11:00 GMT)
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