News Highlights: Top Company News of the Day
January 16 2017 - 11:30AM
Dow Jones News
Essilor, Luxottica to Create $49 Billion Eyewear Giant
Luxottica, maker of Ray-Ban, has agreed to a merger with French
optical-lens maker Essilor, placing its Italian founder at the helm
of a globe-spanning colossus with brands gracing European catwalks
and California beaches.
Australia Utility Duet Accepts Takeover Offer Worth Nearly $5.5 Billion
Australian utility Duet Group has agreed to a takeover bid worth
nearly $5.5 billion from Hong Kong tycoon Li Ka-shing's Cheung Kong
Infrastructure.
Donald Trump Tells Auto Makers They 'Have to Start Making Things Here Again'
President-elect Trump told companies they will have to shift
manufacturing to the U.S. in order to do business here, in a series
of comments indicating a tough posture toward U.S. trade
partners.
SpaceX Launches Rocket With 10 Iridium Satellites
Space Exploration Technologies Corp. successfully launched its
Falcon 9 rocket, rebounding from a catastrophic accident in
September.
South Korean Prosecutors Seek to Arrest Samsung Heir
South Korean prosecutors sought an arrest warrant for Samsung
heir Lee Jae-yong on allegations including bribery and
embezzlement, ensnaring him in a scandal that has already led to
the impeachment of President Park Geun-hye.
To Win Back Customers, Fashion House Fendi Thinks Small
The Rome-based house has regained its buzz with new products
such as straps, pompoms and bag charms geared toward shoppers tired
of cookie-cutter accessories.
China Kia Dealers Seek Auto Maker's Help as Inventories Grow
More than 100 Kia Motors dealers in China are seeking $343
million in compensation from the auto maker and a slowdown in
shipments as they grapple with high inventories.
Wanda Group, Owned by China's Richest Man, Suffers Rare Off Year
Billionaire Wang Jianlin's property-to-entertainment
conglomerate reported its first revenue decline in at least six
years, citing a softening commercial-property market.
Trial Reveals Pitfalls of Whistleblower Claims From In-House Lawyers
Sanford Wadler, the former general counsel of Bio-Rad
Laboratories, will be using sensitive material from the life
sciences research company to support his case in a
wrongful-termination lawsuit.
NASA's Advisers Heighten Warnings About Manned SpaceX Flights
Fueling rockets with astronauts already strapped into capsules
on top entails major explosion risks and other uncertainties that
need to be assessed, the aerospace safety advisory committee said
in its annual report.
(END) Dow Jones Newswires
January 16, 2017 11:15 ET (16:15 GMT)
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