News Highlights: Top Company News of the Day
22 June 2017 - 10:31PM
Dow Jones News
Tesla Explores Possibility of Manufacturing Cars in China
Tesla said it is exploring with government officials in Shanghai
the possibility of opening a manufacturing facility to build
electric vehicles for the Chinese market.
American Airlines CEO 'Not Happy' About Qatar Plan to Buy 10% Stake
Qatar Airways said it intends to buy as much as 10% of American
Airlines Group-a brash approach by the state-owned carrier that
American Chief Executive Doug Parker called "puzzling and
strange."
Uber Ex-CEO Travis Kalanick Knew of Stolen Google Files
Former Uber Technologies Chief Executive Travis Kalanick knew an
engineer had allegedly stolen Google files before hiring the
engineer last year, according to Uber's attorneys.
Lyft's Goal: Gain From Uber's Stumbles Without Gloating
As Uber has grappled with the leadership turmoil that led to its
chief executive's resignation this week, its much-smaller rival has
built market share and expanded aggressively, even as its founders
counsel humility.
Sears Canada Enters Bankruptcy Protection
Sears Canada has entered bankruptcy protection in Canada, and
will close 59 locations and cut nearly 3,000 positions, the company
said.
Facebook Sets New Vision for Next Decade, Outlines New Features
Facebook Chief Executive Mark Zuckerberg took a step toward
defining a new vision for the social-media company as it grapples
with how to handle its growing power in the world.
Mylan Elects Full Board Despite Oppostion
Mylan's board nominees were elected in full at the
pharmaceutical company's annual meeting Thursday despite pressure
from a group of institutional investors unhappy over high executive
pay.
Warren Buffett Rescues Canada's Home Capital
Canadian mortgage lender Home Capital said it is pursuing
further asset sales and financings following a rescue package
negotiated with Berkshire Hathaway.
Cable Operator Altice USA Climbs in Market Debut
Shares of Altice USA traded higher in their market debut
Thursday, a day after the cable operator raised more money in its
IPO than any other U.S.-listed telecom since 2000.
Samsung in Late-Stage Talks to Open South Carolina Factory
Samsung Electronics is in late-stage discussions to invest about
$300 million to expand its U.S. production facilities at a factory
soon to be vacated by Caterpillar, according to people familiar
with the matter.
(END) Dow Jones Newswires
June 22, 2017 17:16 ET (21:16 GMT)
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