News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Tables Turned: Saudi Arabia Hunts for Oil Assets in the U.S.

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Saudi Arabia is hunting for an energy deal in American shale country, as economic upheaval pushes it to seek its first international oil-and-gas production investments.

Tanker Owner Euronav Nears Deal to Merge With Rival Gener8

Tanker operator Euronav is near a deal to merge with rival Gener8 Maritime, person familiar with the matter said, a union that would create one of the world's biggest oil tanker operators.

General Mills Gets Boost From Cereal, Snacks

General Mills said its snack and cereal sales are improving in the U.S. as more people nibble throughout the day in place of larger meals.

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Uber Dealt Blow as EU's Top Court Rules It Is a Transport Company

Uber suffered a major defeat in its effort to overturn strict rules and licensing requirements in Europe, after the bloc's highest court ruled the ride-hailing company should be regulated as a transportation service, rather than a digital service.

Kuwait Is Investigating Military Helicopter Deal With Airbus

Kuwait is investigating a military helicopter deal with Airbus SE, adding to the pressure on the European aerospace giant that is facing management turnover and multiple fraud investigations.

Apple Limits Performance in Old iPhones to Prevent Shutdowns

Apple Inc., facing questions from users and tech analysts about reduced performance in older iPhones, acknowledged that its latest software curtails the computing power of some models to prevent unexpected shutdowns.

AT&T Plans $1,000 Bonus to Workers if Trump Signs Tax Bill

AT&T Inc. said it would make a one-time $1,000 payment to more than 200,000 workers if President Donald Trump signs the tax-code overhaul bill that Congress has approved.

WeWork, No Longer in a Sharing Mood, Hunts for New Tenants on Rivals' Turf

Executives of shared-office space giant WeWork Cos. have long played down competitive threats, saying that similar companies help the fledgling sector grow. But in recent months the company has changed its tune.

Amazon Puzzles Over the Perfect Fit-in Boxes

Amazon.com is aiming to ship each order in one correctly sized package, responding to rising costs and consumers' concerns about the environmental impact of all that cardboard.

Brazil's Oi Creditors Agree to Rescue Plan

Brazilian telecommunications company Oi SA., which last year filed Latin America's largest-ever corporate bankruptcy, said creditors approved a rescue plan that would cut its $20 billion debt with a restructuring.

(END) Dow Jones Newswires

December 20, 2017 19:15 ET (00:15 GMT)