News Highlights: Top Company News of the Day
06 December 2016 - 10:15AM
Dow Jones News
Amazon Is Working On at Least Three Grocery-Store Formats
Amazon.com unveiled its first small-format grocery store, Amazon
Go, one of at least three brick-and-mortar formats the online
retail giant is exploring as it makes a play for an area of
shopping that remains stubbornly in-store.
Aetna and Humana Defend Merger, as Antitrust Trial Begins
The Justice Department and proposed merger partners Aetna Inc.
and Humana Inc. presented a judge Monday with starkly different
visions of how the transaction would affect the marketplace.
U.S. Tech Firms to Join Forces on Takedown of Terror Content
Alphabet's YouTube, Facebook, Twitter, and Microsoft announced
they would form a shared database of identifiers of online terror
images and videos in a bid to speed up the takedown of content that
has helped terror cells recruit followers and spread radical ideas
on the Web.
Theranos Predicted Huge Growth in Revenue and Profits
Investor materials show the blood-testing company projected
revenue of nearly $2 billion and net income of about $505 million
this year.
Samsung Heir Rejects Claims Company Paid Kickbacks
Vice chairman Lee Jae-yong told a South Korean parliamentary
committee that he wasn't initially made aware of donations by
affiliates of his company to two foundations allegedly controlled
by a confidante of President Park Geun-hye.
Origin to Sell Oil-and-Gas Operations Through IPO
The Australian energy company said it would bundle its upstream
operations into a new company and sell them next year in an effort
to slash debt.
China Bars Baoneng Unit From Selling Universal Life Policies
China's insurance regulator has suspended a unit of conglomerate
Baoneng Group from issuing universal life insurance products, as
authorities intensify their clampdown on risky practices in the
industry.
Goldman Sachs Reshuffles Its 'Bankers to Banks'
Goldman Sachs Group Inc. has reshuffled the leadership of the
banking unit that counts other banks as clients.
Japan Moves Closer to Legalizing Casinos
Japan's parliament on Tuesday took a major step toward
legalizing casino gambling, a goal shared by Prime Minister Shinzo
Abe and U.S. casino companies.
IKEA Broadens U.S. Parental Leave Coverage
IKEA International will offer U.S. employees up to four months
of paid parental leave, becoming one of the few chain retailers to
bring benefits usually reserved for salaried workers to an hourly
workforce.
(END) Dow Jones Newswires
December 06, 2016 05:00 ET (10:00 GMT)
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