News Highlights: Top Company News of the Day
24 June 2017 - 9:16AM
Dow Jones News
Takata Plans Bankruptcy Filing As Soon As Sunday
Takata Corp., the supplier of rupture-prone air bags linked to
numerous deaths and injuries, is preparing to seek bankruptcy
protection as soon as Sunday with a tentative deal to sell
operations to a rival.
Leaderless Uber Scrambles to Prevent Employee Exodus
Uber's senior managers have been urging its more than 15,000
employees to stick around and see how the embattled company
reinvents itself after the ouster of its CEO.
Glencore Raises Offer for Rio Tinto's Australian Coal Assets
Glencore said it has submitted a sweetened all-cash offer of
$2.68 billion for Rio Tinto's Australian coal assets, days after
its previous attempt to scotch an acquisition from a Chinese suitor
was rejected.
Google to Stop Reading Users' Emails to Target Ads
Google said its computers will soon stop reading the emails of
its Gmail users to personalize their ads, a move that addresses a
longstanding privacy concern about a product that is central to its
growing corporate-services business.
Anthem Agrees to $115 Million Settlement Over Data Breach
Anthem Inc. has agreed to pay $115 million to settle a
class-action lawsuit filed after a 2015 cyberattack exposed
personal information of more than 78 million people, the company
said Friday.
Samsung Makes Play for Drug Market With Version of Blockbuster Humira
A Samsung group arm is on track to win European regulatory
approval for a near-replica version of the world's top-selling
drug, rheumatoid-arthritis treatment Humira.
Delta Plans to Expand Reach in Asia With Korean Air Partnership
Delta Air Lines said it will create a trans-Pacific joint
venture with Korean Air Lines, as the U.S. carrier rapidly builds
out its international route network.
BlackBerry Revenue Falls Amid Shift to Software
BlackBerry Ltd. stock plunged 11% in Friday trading after the
company posted a steep drop in quarterly revenue as it continues to
shift focus to its burgeoning software business.
American Airlines Bid Puts Qatar Airways' Chief in New Role: Raider
Akbar Al Baker, the Qatar carrier's sometimes abrasive CEO,
isn't backing down from his bid for a stake in American Airlines
despite opposition from the target's chief, its pilots and
unions.
Infosys Settles Visa Case With New York
Indian outsourcing giant Infosys agreed to pay $1 million to
settle claims that it placed foreign workers in jobs in New York
without obtaining proper visas or paying high enough wages or taxes
for their work, the state's attorney general said.
(END) Dow Jones Newswires
June 23, 2017 19:01 ET (23:01 GMT)
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