News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Mall Operator Westfield Agrees to Takeover Bid Valued at $16 Billion

Continue Reading Below

Westfield, the Australian operator of marquee malls from California to New York's World Trade Center, agreed to a $15.7 billion takeover offer from European shopping-center giant Unibail-Rodamco.

GE Probed Who Knew About Spare Jet for Immelt

General Electric Co. recently conducted an internal review into the flying of a spare business jet to accompany former Chief Executive Jeff Immelt, as it seeks to understand an unusual practice that went on for years and surprised investors when they learned of it in October.

Saudi Aramco Ramps Up Spending to Over $40 Billion a Year

Saudi Arabian Oil Co. unveiled a plan to invest more than $40 billion a year in projects over the next decade, a significant expansion for the world's largest energy company ahead of its expected public listing.

Continue Reading Below

Cuomo Points to Tech Companies After New York Bombing Attempt

The immigrant who tried to set off a bomb strapped to his body in one of New York City's busiest transit hubs Monday morning downloaded information from the internet on how to build such a device, according to New York Gov. Andrew Cuomo.

Atos Makes $5 Billion Offer to Buy Gemalto

French IT services firm Atos is making an unsolicited bid to buy smart-card maker Gemalto-part of a wave of deals in the payment space as rivals join forces to cut costs.

Bet on UniCredit for Europe's Banking Recovery

The threat of higher capital charges isn't over for European banks, but UniCredit, Italy's biggest lender, can take this in its stride.

Amazon Opens a Second Cloud-Computing Center in China

Amazon.com opened a second cloud-computing data-center complex in China on Tuesday, underlining the importance of the market to its cloud-computing unit, Amazon Web Services.

With California Wildfires, Insurers' Losses Keep Spiraling Higher

Raging wildfires in Southern California could push the amount of insured losses this year from natural disasters to a record.

Toshiba and Western Digital Resolve Dispute Over Chip Unit

Toshiba and Western Digital agreed to settle a dispute over the Japanese company's planned sale of its memory-chip unit, clearing a major hurdle to the nearly $18 billion deal.

Passport Capital to Shut Flagship Hedge Fund

John Burbank's Passport Capital, famed for its profitable bets against subprime housing ahead of the financial crisis, will shutter its flagship fund after persistent losses, according to a letter to investors.

(END) Dow Jones Newswires

December 12, 2017 09:15 ET (14:15 GMT)