News Highlights: Top Company News of the Day
December 05 2016 - 7:30PM
Dow Jones News
U.S. Tech Firms to Join Forces on Takedown of Terror Content
Alphabet's YouTube, Facebook, Twitter, and Microsoft announced
they would form a shared database of identifiers of online terror
images and videos in a bid to speed up the takedown of content that
has helped terror cells recruit followers and spread radical ideas
on the Web.
Amazon Is Working On at Least Three Grocery-Store Formats
Amazon.com unveiled Monday its first small-format grocery store,
Amazon Go, one of at least three brick-and-mortar formats the
online retail giant is exploring as it makes a play for an area of
shopping that remains stubbornly in-store.
Aetna and Humana Argue a Merger's Benefits as Antitrust Trial Begins
The Justice Department and proposed merger partners Aetna Inc.
and Humana Inc. presented a judge Monday with starkly different
visions of how the transaction would affect the marketplace.
Kinder Morgan Sees $3.2 Billion Capital Budget
Kinder Morgan unveiled a preliminary capital-spending budget of
$3.2 billion for expansion programs next year and said it would
raise its dividend in 2018.
Ford Taps Debt Markets
Ford Motor raised $2.8 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.
Brazil's JBS Plans U.S. IPO for Foods International Unit
Brazilian meatpacking giant JBS SA said late Monday it is
planning a U.S. initial public offering of its JBS Foods
International BV unit in the first half of next year.
BHP Billiton Wins Trion Oil Field Bid
Australia's BHP Billiton won the bidding to join with Mexican
state oil company Petróleos Mexicanos in the Trion oil field in the
Gulf of Mexico, in the first award of several auctions of
deep-water oil blocks Monday.
Brazil's Petrobras to Raise Gas and Diesel Prices
Petróleo Brasileiro will raise domestic fuel prices after
production cuts announced last week by the Organization of the
Petroleum Exporting Countries triggered a rally in global oil
markets.
Hudson's Bay Reports Third-Straight Quarterly Loss
Saks Fifth Avenue and Galeria Kaufhof owner Hudson's Bay
reported disappointing sales ahead of the holiday shopping season,
with Saks and outlet stores accounting for the largest sales
declines.
Bob Evans's Results Take Hit From Sluggish Sales, Note Impairment
Bob Evans Farms lowered most financial projections for the year,
as sales remain sluggish, and the company wrote down $16 million it
had expected to collect from the sale of Mimi's Café.
(END) Dow Jones Newswires
December 05, 2016 19:15 ET (00:15 GMT)
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