News Highlights: Top Company News of the Day
22 August 2017 - 11:30AM
Dow Jones News
BHP Billiton Looking to Shed U.S. Shale Operations
Activist investors scored a victory after BHP Billiton said it
was looking to sell its onshore U.S. oil-and-gas operations.
Pentagon Eliminates Lockheed Martin From $85 Billion Missile Program
The Pentagon eliminated Lockheed Martin Corp. from an $85
billion competition to update the nation's land-based
intercontinental ballistic nuclear missiles, one of the most
fiercely contested defense contracts this decade.
Deerfield Resolves Insider Trading Probe With SEC
Large New York hedge fund Deerfield Management has agreed to a
multimillion-dollar fine to settle what is shaping up to be a major
crackdown by the U.S. government on Washington's political
intelligence industry.
Ross Levinsohn Named CEO, Publisher of Los Angeles Times
Tronc is undergoing a broad management shake up at its flagship
newspaper, the Los Angeles Times, bringing in internet and media
industry veteran Ross Levinsohn as its new chief executive and
publisher.
Macy's Hires eBay Executive Amid Management Shakeup
Macy's poached a senior eBay executive and streamlined its top
management in an effort to speed up decision-making at the
struggling department-store chain.
Texas Regulators Are First Test for Sempra's Oncor Deal
Texas regulators who have proven to be harsh critics of suitors
for Oncor, the largest power-transmission utility in the state,
will be the first test for Sempra Energy's $9.45 billion takeover
offer.
Simon Property Reaches Settlement in Antitrust Investigation by New York
New York State Attorney General Eric Schneiderman and retail
property giant Simon Property Group reached a settlement in an
antitrust case that requires Simon to end practices that the
attorney general alleged protected Simon's popular Woodbury Common
Premium Outlets from competition.
Businesses Keep on Truckin' Through Solar Eclipse
With eclipse-watchers jamming roadways from Oregon to South
Carolina on Monday, transportation companies rerouted drivers and
shifted deliveries for cargo ranging from furniture to construction
equipment.
Cisco to Buy Springpath for $320 Million
Cisco Systems said Monday it plans to buy Springpath Inc., an
early partner in the so-called hyperconverged-systems market, as
part of a shift to selling software and services to help turn
around the struggling company.
Johnson & Johnson Hit With $417 Million Verdict in Baby Powder Case
A jury awarded a woman with ovarian cancer $417 million Monday
in a case against Johnson & Johnson, the latest hit to the
pharmaceutical company in widespread litigation over the alleged
harms of its baby powder.
(END) Dow Jones Newswires
August 21, 2017 21:15 ET (01:15 GMT)
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