News Highlights: Top Company News of the Day
23 May 2017 - 8:30PM
Dow Jones News
Glencore Makes Takeover Approach to Bunge
Glencore PLC has made a takeover approach to grain trader Bunge
Ltd., people familiar with the matter said, a move that would make
the Swiss mining giant a major player in the U.S. agriculture
market.
U.S. Nears Suing Fiat Chrysler Over Diesel Emissions
The Justice Department is near suing Fiat Chrysler and alleging
the Italian-American auto maker used illegal software to cheat on
government emissions tests, despite a recent proposal from the
company to regulators on fixing the technology.
Target to Pay $18.5 Million to Settle Massive 2013 Data Breach
Target Corp. on Tuesday agreed to pay $18.5 million to resolve
an investigation by state prosecutors into its massive 2013 hack, a
deal that represents the largest multi-state data breach settlement
in history.
Morgan Stanley Joins Rivals in Curbing Broker Recruiting
Morgan Stanley will curtail its recruiting of veteran brokers,
joining other big firms on Wall Street that are no longer willing
to gorge on the pricey practice of paying top-dollar to poach
talent.
Uber Shortchanged New York City Drivers by Millions of Dollars
Uber said it mistakenly underpaid New York City drivers for the
past 2 1/2 years, the second time in three months the ride-hailing
company has acknowledged it deprived workers of earnings.
Arconic's Challenges Remain Despite Elliott Settlement
The settlement reached between Arconic and Elliott Management
puts an end to a big distraction, but it doesn't change the
aluminum-products maker's tough task of meeting aggressive sales
and profit goals set by the activist investor.
It's Not TV, It's AT&T
AT&T Inc.'s chief plans to take a hands-on role running Time
Warner Inc., giving his executive team broad influence over the
sports and entertainment company that the telecommunications
provider hopes to acquire.
Can Ford's New Chief Pull Off Another Michigan Miracle?
Jim Hackett made his mark as a change agent by recruiting
football coach Jim Harbaugh to Michigan in 2014.
Alexion's Shakeup Continues as Four Executives Exit
Alexion Pharmaceuticals Inc.'s new chief executive is reshaping
the top ranks of the organization following an internal
investigation into sales practices.
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.
(END) Dow Jones Newswires
May 23, 2017 15:15 ET (19:15 GMT)
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