News Highlights: Top Company News of the Day
05 December 2016 - 1:15PM
Dow Jones News
Cheung Kong Bids $5.4 Billion for Australia's Duet Group
Cheung Kong Infrastructure has bid about $5.4 billion for
Australian pipeline operator and power distributor Duet Group, in
another attempt by Hong Kong billionaire Li Ka-shing to strengthen
his company's position in the country.
Apple Signals Interest in Self-Driving Software
Apple confirmed for the first time its interest in
autonomous-vehicle technology, but it remains unlikely the company
will design or build a complete car.
Pratt & Whitney Union Members Approve Five-Year Contract
Workers at jet-engine maker Pratt & Whitney ratified a
five-year contract Sunday, avoiding a potential labor dispute when
the company is trying to increase production of new engines for
commercial airliners.
Don't Hold Your Breath on Fannie Mae and Freddie Mac
Comments by Steven Mnuchin have excited holders of Fannie Mae
and Freddie Mac shares, but the two companies' fates are far from
decided.
Smithfield Takes Aim at Carbon Emissions
Smithfield Foods plans to cut a quarter of its carbon emissions
over eight years, working with onetime environmental critics on a
move the pork producer hopes will trim costs and burnish its
brand.
Fitbit's Challenge: Become a 'Need-to-Have'
As growth slows and the novelty of wearable fitness gadgets
fades for many customers, the company is trying to position its
products as health tools that measure long-term conditions.
Australia and China Remove Passenger Limits on Air Routes
In a boost for tourism, a new agreement removes previously
existing restrictions and will allow airlines to fly an unlimited
number of passengers between the two countries.
Airbnb Won't Pursue Legal Case Against New York Over Rental Law
Airbnb Inc. agreed to drop a lawsuit against New York City over
recently enacted legislation that will fine hosts there for listing
many common short-term rentals.
David Sacks Stepping Down as Zenefits CEO
He confirmed he is stepping down as chief executive of Zenefits,
less than a year after taking over the troubled health-benefits
broker.
Wal-Mart Reaches Settlement in Same-Sex Spouse Benefits Complaint
Wal-Mart Stores Inc. reached a tentative agreement to settle a
class-action complaint that accused the retailer of discriminating
against gay employees and their spouses by denying them health
benefits.
(END) Dow Jones Newswires
December 04, 2016 21:00 ET (02:00 GMT)
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