News Highlights: Top Company News of the Day
27 March 2017 - 2:15AM
Dow Jones News
Barclaycard Sells $1.6 Billion in Risky Credit-Card Balances to Credit Shop
Barclaycard is shedding a chunk of its subprime card balances,
in a deal that reflects diverging views in the card industry about
the future of the U.S. economy and the wisdom of wagering on risky
borrowers.
A Steel Pioneer Is Getting Out of Steel
Germany's Thyssenkrupp, which CEO Heinrich Hiesinger aims to
refocus on capital goods, took a big step away from its once-core
steel business with the sale of its last steel plant in the
Americas. Shedding its European steel unit is the next test.
Apple Bites Back With iPhone Court Win in China
A Beijing court found Apple's iPhone 6 and 6 Plus models don't
infringe on smartphone-design patents held by defunct local
manufacturer Baili.
Why PTC's Revenue Still Raises Eyebrows
Software maker PTC has said its shift to a subscription model is
attracting new customers, but its numbers look different from
others that have undergone similar transitions.
Chinese Conglomerate HNA to Buy Stake in U.S. Asset Manager
A unit of HNA Group agreed to acquire a stake in U.S. investor
OM Asset Management, the latest deal in the Chinese conglomerate's
ambitious global buying spree.
Anthem Grilled as It Seeks to Save Cigna Deal
A federal appeals court panel on Friday asked tough questions of
health insurer Anthem, which is attempting to salvage its proposed
$48 billion acquisition of Cigna after a trial judge blocked the
combination as anticompetitive.
Charter Communications to Hire 20,000 U.S. Workers
Charter Communications CEO Tom Rutledge pledged to hire 20,000
U.S. workers and invest $25 billion over the next four years at an
event with President Trump, allowing the administration to trumpet
a jobs announcement that had been in the works for some time.
Trump Administration Grants Permit for Keystone Pipeline
The Trump administration has signed a presidential permit for
TransCanada to build Keystone XL, bringing the oil pipeline closer
to fruition more than a year after former President Barack Obama
blocked its construction.
Goldman Veteran Poached by Private-Equity Firm
A Goldman Sachs partner who oversaw the bank's business of
packaging mortgages and other consumer loans for sale to investors
is leaving for an investing arm of San Francisco-based buyout shop
TPG.
Netflix: The Monster That's Eating Hollywood
The streaming-video service is hogging talent and pushing up
prices, spurring pushback from rival TV producers who once saw it
as a partner.
(END) Dow Jones Newswires
March 26, 2017 21:00 ET (01:00 GMT)
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