News Highlights: Top Company News of the Day
19 January 2017 - 6:30PM
Dow Jones News
Volkswagen's Ex-CEO Denies Prior Knowledge of Emissions Cheating
Martin Winterkorn, Volkswagen's former chief executive, denied
having any personal knowledge of the German car maker's
diesel-emissions cheating in his first major public appearance
since the scandal broke in September 2015.
Citigroup to Pay $25 Million to Settle Spoofing Claims
Citigroup Global Markets Inc. agreed to pay $25 million to
settle U.S. regulatory claims that five of its traders placed
orders in U.S. Treasury futures contracts they didn't intended to
execute.
U.S. Regulators Close Tesla Autopilot Probe
U.S. highway safety regulators closed a probe of Tesla Motors'
Autopilot system without seeking a recall or other action against
the Silicon Valley auto maker after a six-month investigation
failed to uncover a defect in the semi-automated technology in use
during a fatal crash last year.
Union Pacific Boosted by Easing Commodities Slump
Union Pacific Corp. said slumping demand for the commodities it
transports eased in the fourth quarter, helping the company post a
better-than-expected profit.
IBM Earnings: What to Watch
Investors will be looking for continued improvement in software
sales and a drop of less than 4% for the full year when
International Business Machines Corp. reports its fourth-quarter
earnings.
Activist Investor Presses Rudolph Technologies, Nanometrics to Merge
Activist investor Voce Capital Management is pressing
semiconductor-equipment makers Rudolph Technologies and Nanometrics
to merge, saying the two would be stronger together.
Amazon, Apple End Exclusivity Deals for Audiobooks
EU antitrust regulators welcomed a move by Amazon.com to end
exclusivity obligations for the supply and distribution of
audiobooks with Apple.
Samsung Heir Felt Pressured by South Korean President, Prosecutors Say
The de facto head of Samsung conglomerate told investigators
probing his alleged role in a corruption scandal that South Korean
President Park Geun-hye coerced him into contributing funds to
entities linked to a friend of hers.
GE's Stock Rally Needs More Power
Fourth-quarter earnings will put the industrial giant's stock
rally to the test.
CSX Investors Cheered by Former Rail Rival's Sudden Switch
Railroad veteran Hunter Harrison tried twice to take over rival
CSX Corp. and failed. But investors cheered Thursday the idea of
letting him run CSX himself.
(END) Dow Jones Newswires
January 19, 2017 13:15 ET (18:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.