News Highlights: Top Company News of the Day
29 June 2017 - 8:31AM
Dow Jones News
Citigroup Doubles Dividend After Stress Test Success
Citigroup Inc. is set to pay out far more than it is expected to
earn in the coming year, a major milestone as the bank seeks to
revive its lagging stock. It will double its quarterly
dividend.
Staples in $6.9 Billion Deal With Sycamore
Private-equity firm Sycamore Partners agreed to buy Staples Inc.
for about $6.9 billion, a bold bet on a company whose sales have
been shrinking in recent years.
Berkshire Hathaway On Path to Be Top Bank of America Holder
The Federal Reserve said Bank of America can raise its dividend,
which could prompt Warren Buffett's firm to swap its preferred
shares in the bank into about $17 billion worth of common
stock.
Blue Apron Serves Up an Insipid Offering
The meal-kit delivery service priced its initial public offering
at the bottom of a target price range that was revised downward, at
$10 a share.
Google Must Remove a Search Result Globally, Canada Court Rules
Canada's top court ruled that Google can be forced to remove
search results globally, adding to the constraints governments and
courts are exerting over tech giants as those companies' influence
grows.
Anthem Pulling Back on Offering ACA Plans in Nevada
Anthem said it would stop selling Affordable Care Act
marketplace plans in most of Nevada next year. The move together
with the departure of a smaller insurer leaves 14 of the state's
counties poised to have no insurer on its exchange.
Sarepta Taps Chase Pharmaceuticals Chief as Next CEO
Biopharmaceutical developer Sarepta Therapeutics Inc. named a
company outsider as its new chief executive, tapping Douglas Ingram
to lead the firm.
GulfMark to Send Repayment Plan to Creditors for Vote
The offshore-drilling services company filed for chapter 11 in
May, another victim of the decline in oil and natural gas
prices.
New AIG Chief: Let's Make a Deal
American International Group Inc.'s new chief executive Brian
Duperreault says he is open to slowing down the firm's share
buybacks and instead using the capital for acquisitions.
Firms Pressed to Disclose More Climate-Change Risk
A panel of large financial institutions and companies has
launched a set of voluntary guidelines for more disclosure about
the impact of climate change, demonstrating rising concern about
potential investment risks posed by global warming.
(END) Dow Jones Newswires
June 29, 2017 03:16 ET (07:16 GMT)
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