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News Highlights: Top Company News of the Day

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12/09/2019 | 07:16pm EST
McAfee Considering a Combination With NortonLifeLock 
 

NortonLifeLock, the $16 billion consumer-software company, has attracted deal interest from a handful of companies including rival McAfee, people familiar with the matter said.

 
Index Provider MSCI Targets Acquisitions, Partnerships in 2020 
 

Index provider MSCI Inc. is pursuing a conservative strategy for 2020 by targeting complementary acquisitions and partnerships as it monitors a frothy deals market and prepares for a potential decline in stock markets, which could reduce fee income.

 
Comcast Expects to Spend $2 Billion Over Two Years on Streaming Service 
 

Comcast is planning to spend $2 billion over the next two years on content and marketing for Peacock, its new streaming service set to debut in April, the company's finance chief said.

 
SoftBank Is Selling Wag Stake Back to Company 
 

SoftBank's Vision Fund has agreed to sell its nearly 50% stake in Wag Labs back to the struggling dog-walking startup, marking another disappointment for the Japanese investing giant.

 
ViacomCBS Puts CBS Headquarters in New York on the Block 
 

ViacomCBS is planning to sell CBS's Midtown Manhattan headquarters to generate operating capital for the newly combined company, Chief Executive Bob Bakish said Monday.

 
Judge Puts T-Mobile Merger Trial on Fast Track 
 

A federal judge told lawyers fighting over T-Mobile US's more than $26 billion bid for Sprint to skip their customary opening arguments so they could start questioning witnesses, a sign he is seeking a speedy trial.

 
Big Drugmakers Push Deeper Into Cancer Treatment 
 

Merck and Sanofi, two of the world's biggest drugmakers, struck multibillion-dollar deals aimed at bolstering their lineups in the fiercely competitive cancer-drugs market.

 
Tiger Global Cuts Juul's Valuation to $19 Billion 
 

Tiger Global Management, one of Juul's earliest boosters, slashed its valuation of the e-cigarette startup to $19 billion, the latest sign that investors are reassessing a number of Silicon Valley's one-time darlings.

 
Amazon Claims 'Improper Pressure' From Trump on Pentagon Contract 
 

Amazon.com said President Trump exerted "improper pressure" on the Pentagon to keep a lucrative cloud-computing deal from going to his perceived enemy, company founder Jeffrey Bezos.

 
Canopy Growth Names Constellation's David Klein as CEO 
 

Canopy Growth said David Klein, who currently serves as chief financial officer of major shareholder Constellation Brands, will join the cannabis company as chief executive.

 

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM 0.86% 1877.94 Delayed Quote.0.77%
AURORA CANNABIS INC. 3.72% 2.79 Delayed Quote.0.00%
CANNTRUST HOLDINGS INC. -1.32% 1.5 Delayed Quote.25.00%
CANOPY GROWTH CORPORATION -2.43% 31.67 Delayed Quote.15.96%
COMCAST CORPORATION 1.27% 46.87 Delayed Quote.4.23%
CONSTELLATION BRANDS, INC. 0.01% 190.86 Delayed Quote.0.59%
CRONOS GROUP INC. -2.93% 10.6 Delayed Quote.6.32%
HEXO CORP. -4.15% 2.31 Delayed Quote.11.59%
MERCK AND COMPANY -0.39% 91.18 Delayed Quote.0.25%
MERCK KGAA 0.78% 115.6 Delayed Quote.8.97%
MSCI 2.80% 277.29 Delayed Quote.7.40%
PROCTER & GAMBLE COMPANY 0.09% 126.07 Delayed Quote.0.94%
SANOFI 0.85% 92.32 Real-time Quote.2.22%
SOFTBANK GROUP CORP. -2.15% 4872 End-of-day quote.3.97%
T-MOBILE US 1.46% 81.44 Delayed Quote.3.85%
THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD. -2.53% 0.77 Delayed Quote.2.67%
THE SUPREME CANNABIS COMPANY, INC. -3.51% 0.55 Delayed Quote.-12.70%
TILRAY, INC. -4.35% 20.43 Delayed Quote.19.26%
VIACOM INC. 3.20% 24.22 Delayed Quote.0.00%
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