News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Simon Property Group to Invest $1 Billion to Redevelop Mall Assets

Continue Reading Below

Shopping mall landlord Simon Property Group plans to invest an additional $1 billion to redevelop its properties for the modern retail age.

Sears Pushes Back Debt Payments

Sears Holdings Corp. said Tuesday that it had reached an agreement to extend the maturities for some of its debt.

China and Russia Take on Airbus and Boeing With New Plane

China and Russia have joined forces to build a large passenger airliner designed to challenge Airbus and Boeing, in the latest sign of strengthening Sino-Russian ties.

Continue Reading Below

Blackstone Is Taking Over Mom-and-Pop Real Estate Investing

Blackstone in January launched its first nontraded real-estate investment trust, a vehicle marketed to small investors as a way to participate in the commercial real-estate industry without the volatility of a traded REIT.

Alexion Management Shakeup Continues

Alexion Pharmaceuticals continued to turn over its top ranks following an internal investigation into sales practices, saying it is looking for a new chief financial officer after naming a new one late last year

Westinghouse Global Businesses Roiled by Bankruptcy

Westinghouse Electric Co.'s bankruptcy threatened to put its global business in jeopardy of "urgent regulatory nuclear compliance issues," according to court documents unveiled late Monday evening.

Blockchain Firm R3 Raises $107 Million

R3 CEV, one of many firms trying to capitalize on the technology behind the digital currency bitcoin, said that it had raised $107 million from a group of global banks.

Ratings Firms Issue Downgrades for Mall-Backed Debt

Bond rating companies are looking closer at securities tied to shopping mall debt, issuing downgrades for those backed by malls suffering from an anchor store closure and putting on watch malls with large stores such as Macy's, J.C. Penney and Sears, even if the stores remain open.

Nokia and Apple Move From Courtroom Foes to Business Partners

Apple and Nokia settled dueling lawsuits over what Apple should pay for intellectual property used in its iPhone, a surprisingly quick end to what analysts had said could have been years of litigation.

Chevron Tax Strategy Faces Crackdown

A tax dispute between Australia and Chevron has the potential to cost the company billions of dollars and open a new front in global efforts to crack down on aggressive tax strategies used by many multinationals.

(END) Dow Jones Newswires

May 23, 2017 11:15 ET (15:15 GMT)