News Highlights: Top Company News of the Day
28 March 2017 - 12:15AM
Dow Jones News
Pimco Settles Contract Suit With Bill Gross for $81 Million
Pacific Investment Management settled the breach-of-contract
suit filed by its co-founder and former star bond manager, Bill
Gross, for $81 million.
Valeant Former CEO Sues Company Over Unmade Payments
Michael Pearson, ex-CEO of Valeant Pharmaceuticals, is suing the
embattled drugmaker for refusing to pay him more than 3 million
company shares that he said he is owed.
Sealed Air to Sell Cleaning Unit to Bain for $3.2 Billion
Sealed Air Corp. said Monday that it would sell its cleaning
business to private-equity firm Bain Capital for $3.2 billion.
Jim Gianopulos Named Head of Paramount Pictures
Jim Gianopulos, the longtime head of Twentieth Century Fox, has
been tapped to turn around Viacom Inc.'s troubled movie studio.
Amazon Delays Opening of Cashierless Store to Work Out Kinks
Amazon is facing a setback in its efforts to modernize
brick-and-mortar retail as technical glitches delay the opening of
its first cashierless convenience store.
Uber Resumes Self-Driving-Vehicle Program After Arizona Accident
Uber Technologies is putting its autonomous vehicles back on
city streets after an accident involving one of them in Tempe,
Ariz., caused the company to halt its test program.
J.Crew Lenders Say Asset Transfer Unfairly Favors Backers, Bondholders
J.Crew lenders asked a court to unwind a contentious $250
million asset transfer, saying the transaction unfairly favored the
clothing retailer's private-equity owners and its bondholders.
Elevate Credit Makes New IPO Push
Online lender Elevate Credit revived plans for an initial public
offering on Monday, becoming the latest firm to try to ride the
wave of investor demand for new issues.
Supreme Court to Hear Case that Could Limit Lawsuits Against Companies for Disclosure Failures
The U.S. Supreme Court agreed to consider whether publicly
traded companies can be sued for securities fraud by third parties
for omitting "known trends or uncertainties" in filings to
shareholders.
Adient Looks to Expand Into Aviation Market with Boeing
Automotive seating supplier Adient is considering entering the
aerospace business, announcing plans Monday to work with Boeing to
explore development of seating for aircraft.
(END) Dow Jones Newswires
March 27, 2017 19:00 ET (23:00 GMT)
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