News Highlights: Top Company News of the Day

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07/04/2018 | 01:15 am
Carl Icahn

Carl Icahn Unlikely to Push Dell for a Better Deal

A profit of about $200 million could be enough to get Carl Icahn to stop fighting Michael Dell over sweetening the buy back of shares that track Dell Technology's 's interest in VMware.

Barnes & Noble Fires CEO Without Severance Over Policy Violations

Barnes & Noble fired CEO Demos Parneros, citing violations of its policies. The company said he won't receive any severance.

Billionaire Behind LaCroix Accused of Improper Touching by Two Pilots

Two pilots have accused Nick A. Caporella, the 82-year-old chief of LaCroix sparkling water, of inappropriately touching them while they were in the cockpit of his business jet. The CEO's lawyer says the allegations are false.

United Microelectronics: Chinese Court Issues Injunction Against Micron

United Microelectronics said a Chinese court issued a preliminary injunction against two Micron Technology businesses, blocking the product, sale and import of several products.

New York's Iconic Plaza Hotel Sold to Qatar Fund for $600 Million

A fund controlled by the Gulf state of Qatar has acquired full ownership of New York's famed Plaza Hotel, featured in "The Great Gatsby" and "North by Northwest," for about $600 million.

New York Times Reassigns Reporter Whose Records Were Seized by the U.S.

The New York Times has reassigned a national-security reporter whose phone and email records were seized by federal prosecutors investigating a Senate Intelligence Committee staffer with whom she had earlier been involved in a relationship.

Glencore Shares Tumble on Subpoena

Glencore stock fell after the mining giant received a subpoena from U.S. authorities related to corruption and money-laundering laws at operations in Congo, Nigeria and Venezuela.

WPP and Martin Sorrell Submit Rival Bids for Digital Creative Agency

Ad giant WPP and its former CEO Martin Sorrell are already competing against each other. The ad holding company submitted an offer for Netherlands-based digital creative agency MediaMonks. A rival bid was put in by Mr. Sorrell's new venture, S4 Capital.

KPMG Has Close Ties to Troubled Private Equity Firm

The unraveling of Abraaj Group, a once-highflying champion of emerging-markets investing, is drawing attention to the role played by its auditor, a Middle East affiliate of KPMG.

U.S. Auto Sales Remain Strong, but Tariffs Could Squash Momentum

U.S. auto sales have proved resilient so far in 2018, with many of the largest car sellers posting increases over the first six months of the year despite predictions that demand would cool.

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