News Highlights: Top Company News of the Day
December 05 2016 - 3:15PM
Dow Jones News
Ford Taps Debt Markets
Ford Motor is seeking to raise about $2 billion in new long-term
financing for the automotive business, as the company tapped debt
markets for the first time in nearly four years to fund a core
auto-making operation looking to invest in new technologies.
Amazon Set to Open No-Checkout Grocery Store
Amazon.com Inc. said it plans to open Amazon Go, a store that
will use artificial-intelligence-powered technology to eliminate
checkouts and cash registers, early next year in Seattle.
Under Armour Signs Deal to Supply MLB Uniforms
Under Armour signed its first deal to supply uniforms for a
major professional sports league, inking a 10-year deal with Major
League Baseball that begins with the 2020 season.
BHP Billiton Wins Trion Oil Field Bid
Australia's BHP Billiton won the bidding to join with Mexican
state oil company PetrĂ³leos Mexicanos in the Trion oil field in the
Gulf of Mexico, in the first award of several auctions of
deep-water oil blocks Monday.
United Continental Mechanics Approve New Labor Deal
A majority of the more than 9,000 mechanics at United
Continental approved a six-year labor agreement that will lift
wages.
General Mills to Cut Up to 600 Jobs Amid Restructuring
General Mills said between 400 and 600 jobs would be eliminated
in a restructuring as the struggling food giant works to adapt to
changing food trends and prepare for an eventual new leader.
Limited Stores Begins Layoffs Ahead of Possible Sale
Limited Stores has begun laying off employees at its Ohio
headquarters as the troubled women's apparel chain hopes to snag a
buyer.
Deloitte's Brazil Affiliate Fined $8 Million
The Brazil affiliate of accounting firm Deloitte Touche Tohmatsu
agreed Monday to pay $8 million to settle a U.S. regulator's
allegations it issued false audit reports and tried to cover it
up.
Liberty Mutual to Buy Ironshore
Liberty Mutual Insurance said Monday it reached a deal to buy
property and casualty insurer Ironshore Inc. in a deal valued at
about $3 billion, as Liberty seeks to grow its specialty lines
operations.
Hotel-Search Firm Plans IPO of Up to $428 Million
Travel B.V., which plans to change its name to Trivago, provided
details of its planned initial public offering of as much as $428
million in American depositary shares.
(END) Dow Jones Newswires
December 05, 2016 15:00 ET (20:00 GMT)
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