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News Highlights : Top Company News of the Day

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09/12/2018 | 11:16pm CET
Apple Launches Bigger, Pricier iPhones 
 

Apple unveiled its biggest and most expensive iPhone lineup ever, making a bet that larger screens can persuade millions of iPhone owners to not only upgrade to a new device but also fork over more money than they spent in past years.

 
Oath CEO Tim Armstrong to Leave the Verizon Unit 
 

The founder of the media and advertising business will leave the Verizon subsidiary at year-end. He will be succeeded as CEO by President and Chief Operating Officer K. Guru Gowrappan on Oct. 1.

 
CBS '60 Minutes' Executive Producer Jeff Fager to Depart 
 

Jeff Fager, the executive producer of "60 Minutes" and one of the most powerful figures in television news, is leaving CBS after he "violated company policy," the company said.

 
United Technologies to Pay $13.9 Million to Settle SEC Bribery Case 
 

United Technologies agreed to pay $13.9 million to settle U.S. allegations that it made illicit payments in its elevator and aircraft engine businesses.

 
Discovery Signs Deals With Hulu and Sling 
 

Discovery Communications announced deals to have its channels carried on web TV services offered by Hulu and SlingTV, giving the company more reach on the new generation of online "skinny" pay-TV bundles.

 
China's Sovereign-Wealth Fund Interested in Buying HNA's Deutsche Bank Stake 
 

China's sovereign-wealth fund and other large investors have expressed interest in potentially buying shares in Deutsche Bank AG from embattled Chinese conglomerate HNA Group Co., according to people familiar with the matter.

 
Jenny Craig Weighs Sale as Performance Improves 
 

After a turnaround under its private-equity owner, the weight-loss brand has engaged Rothschild & Co. to explore strategic alternatives including a sale.

 
Oaktree Lines Up $1.1 Billion in Financing for Claire's Stores, Seeks More 
 

Oaktree Capital Management LP, which has planned to make a $1.5 billion bid for bankrupt Claire's Stores Inc., said at a hearing Wednesday it has raised $1.1 billion and is actively trying to raise the rest ahead of an upcoming confirmation hearing.

 
Bike Maker Peloton Claims Flywheel Copied Its Technology 
 

Peloton Interactive, the maker of popular at-home fitness bikes, is suing Flywheel Sports for allegedly stealing the technology that pipes cycling classes into users' homes.

 
As CFO Departs, Citigroup Has Only Good Problems 
 

Citigroup's departing chief financial officer gave an upbeat update on the bank's performance.

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