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News Highlights: Top Company News of the Day

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12/09/2019 | 11:16pm 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.

 
Pershing Square Reports Stake in Agilent Technologies 
 

Bill Ackman's hedge fund on Monday disclosed a 2.9 million-share stake in the laboratory instrument and software company.

 
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.

 
Nike Workers Protest Company's Treatment of Women 
 

Nike employees staged a protest over the company's treatment of women the same day the sportswear giant reopened a headquarters building named after the disgraced running coach Alberto Salazar.

 
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.

 
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.

 
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.

 
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.

 
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.

 
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.

Stocks mentioned in the article
ChangeLast1st jan.
AGILENT TECHNOLOGIES, INC. -2.84% 78.21 Delayed Quote.-0.28%
AMAZON.COM, INC. -2.17% 1972.125 Delayed Quote.8.74%
COMCAST CORPORATION -2.87% 43.3 Delayed Quote.-0.82%
MSCI, INC. -1.35% 299.425 Delayed Quote.17.57%
PERSHING SQUARE HOLDINGS, LTD. -1.23% 19.24 Delayed Quote.1.67%
SOFTBANK GROUP CORP. 2.40% 5664 End-of-day quote.1.23%
SQUARE, INC. -4.60% 76.55 Delayed Quote.28.21%
T-MOBILE US -1.23% 95.15 Delayed Quote.22.89%
VIACOM INC. 3.20% 24.22 Delayed Quote.0.00%
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