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News Highlights: Top Company News of the Day

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09/17/2019 | 05:16am EDT
Sony Rejects Third Point's Proposal Calling for a Company Breakup 

Sony rejected a proposal from Daniel Loeb's activist hedge fund Third Point to split its image-sensor business from its entertainment business and list the chip unit.

Budweiser Brewer to Relaunch Slimmer, $4.84 Billion Asian IPO 

The world's largest brewer is taking a second shot at listing its Asian business, seeking to raise up to $4.84 billion in Hong Kong, even as the city reels from a summer of protests and from trade tensions between the U.S. and China.

WeWork Parent Expected to Postpone IPO Until October at Earliest Amid Investor Pushback 

WeWork's parent is expected to postpone its initial public offering after investors questioned how much the company is worth and its corporate governance.

SeaWorld Entertainment CEO Resigns After Seven Months 

SeaWorld Entertainment Inc. said Chief Executive Gustavo Antorcha is leaving the company, seven months after taking the helm.

Corning Cuts Sales Forecast as Demand Slows 

Specialty glassmaker Corning Inc. lowered its sales and volume expectations for materials found in TV sets and optical-communication cables, citing weaker demand from manufacturers and carriers.

GM Workers Head to Picket Lines to Press Demands 

General Motors factory workers went on strike in the United Auto Workers' first nationwide walkout in 12 years, protesting to secure better pay, more job security and other benefits ahead of an expected slowdown in the U.S. car market.

International Panel Set to Criticize FAA's Approval Process for Boeing 737 MAX Jets 

A panel of international air-safety regulators is finishing a report expected to criticize the initial U.S. approval of Boeing 737 MAX jets.

Antitrust Enforcers Signal Discord Over Probes of Big Tech 

Turf battles between the federal government's two antitrust enforcers are revving up as both assert authority to investigate whether big technology companies are engaging in anticompetitive behavior.

Purdue Looks to Extend Bankruptcy Shield to Sackler Family 

OxyContin maker Purdue Pharma's bankruptcy filing sets up a showdown with law-enforcement officials over the role of the Sackler family, the drug company's owners.

Prudential Pays $32.6 Million to Settle Probe of Mutual-Fund Business 

The company agreed to settle claims that it didn't disclose how a reorganization of its mutual-fund business would cost the funds millions in lost interest income.

Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) 1.79% 337 Delayed Quote.2.65%
CORNING INCORPORATED 0.33% 30.01 Delayed Quote.-0.66%
GENERAL MOTORS COMPANY 1.06% 36.31 Delayed Quote.8.55%
PRUDENTIAL PLC 0.82% 1416 Delayed Quote.0.11%
SEAWORLD ENTERTAINMENT, INC. -0.32% 27.97 Delayed Quote.26.62%
SONY CORPORATION 0.17% 6460 End-of-day quote.25.49%
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