News Highlights: Top Company News of the Day
18 October 2017 - 4:30PM
Dow Jones News
Anthem to Launch Its Own Pharmacy-Benefit Manager
Anthem plans to launch its own pharmacy-benefit manager,
serviced by CVS Health, in 2020 after the conclusion of its
contract with Express Scripts.
Energy Producer Founded by Aubrey McClendon Aims for IPO
Ascent Resources, the Appalachian oil-and-gas explorer founded
by late oilman Aubrey McClendon and two big energy-investment
firms, is preparing for an initial public offering or a sale,
according to people familiar with the matter.
Assurant to Buy Warranty Group for $1.9 Billion
Assurant plans to buy the Warranty Group in a $1.9 billion
cash-and-stock deal that will beef up the insurance company's
international presence.
Ford Door-Latch Issues Expand to Trucks
Ford continues to be plagued by faulty vehicle-door latches as
the auto maker expanded the lineup of affected models for the
second time this year.
Delta Plans to Take Bombardier Jets from Alabama Plant, Avoiding Tariffs
Delta said it won't pay tariffs being proposed by the U.S.
government on Bombardier's new CSeries jetliners because it expects
the planes would come from the Canadian company's Alabama
facility.
U.S. Bank Profit Shoots Higher, But Questions Linger on Loan Growth
U.S. Bancorp, the biggest so-called regional bank in the U.S.,
said its third-quarter profit rose to a record level, but analysts
raised questions about future loan growth.
Reckitt Tries a New Formula Amid Industry Malaise
Reckitt Benckiser Group is splitting its business into two
separate divisions, the latest move by a consumer-goods giant to
address an industry-wide downturn.
Mann With Plan Leads Recovery Hopes at Mitsubishi Motors
Mitsubishi Motors is plowing billions of dollars into its global
operations, as it looks to spark growth after years of lackluster
performance and a fuel-economy scandal.
AIG Signs Deal With United Airlines for Travel Insurance
American International Group said it reached an agreement with
United Airlines to offer travel insurance to the airline's
customers.
Vivo Energy Bets on Africa With $3 Billion IPO
Vivo Energy Investments, a major Shell licensee in Africa, is
eyeing an initial public offering over the coming months that could
value the petrol company at more than $3 billion.
(END) Dow Jones Newswires
October 18, 2017 11:15 ET (15:15 GMT)
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