Commodities: News Highlights: Top Company News of the Day

 
Iger Likely to Extend Tenure as Disney CEO Past 2019 
 
 

Walt Disney Co.’s possible purchase of the entertainment assets of 21st Century Fox could mean more time for Robert Iger as chief executive of Disney.

 
VW Executive Sentenced to 7 Years for Emissions Fraud 
 
 

A Volkswagen manager was sentenced to seven years imprisonment and will pay a $400,000 fine for participating in the German auto giant’s emissions fraud.

 
Goldman, Barclays Bust Into Jamie Dimon's Game 
 
 

Goldman Sachs Group and Barclays will lend $20 billion to back CVS Health’s takeover of Aetna, putting them into an exclusive club of big banks able to write checks of that size.

 
UnitedHealth to Buy Large Doctor Group for $4.9 Billion 
 
 

As CVS Health and Aetna seek to build an integrated health care company without doctors, rival UnitedHealth Group makes $4.9 billion deal to add more providers.

 
Smartphone Parts Boost Broadcom's Earnings 
 
 

Broadcom Ltd. reported higher-than-expected earnings in the most recent quarter as the chip maker looks to convince Qualcomm Inc.’s shareholders to back its $105 billion takeover bid.

 
Lululemon Raises Annual Forecast as Results Beat Projections 
 
 

Lululemon Athletica, best known for its yoga clothing, again raised its forecast for the year, citing momentum in sales as it entered the holiday season.

 
Hedge-Fund Titan on the Defensive Over Weinstein Ties 
 
 

Hedge-fund billionaire Paul Tudor Jones took the unusual step of explaining his relationship with Harvey Weinstein, after a report indicated that Mr. Jones supported the disgraced Hollywood mogul as sexual harassment allegations unfolded earlier this year.

 
Wal-Mart's New Name: It's Not Just a Store Anymore 
 
 

Wal-Mart Stores will shorten its legal name to Walmart, highlighting the company’s shift from traditional stores toward competing online with Amazon.

 
Citi Hires Investment Banking Head for Saudi Arabia 
 
 

Citigroup has hired a new head of investment banking for Saudi Arabia as the U.S. bank prepares to launch operations in the kingdom next year.

 
Shares in Sleepy's Owner Steinhoff Plunge on Accounting Probe 
 
 

Retail giant Steinhoff International, which owns American mattress brand Sleepy’s and a string of chains across Europe, said its chief executive has resigned amid an investigation into accounting irregularities.

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