News Highlights: Top Company News of the Day
January 17 2017 - 11:30PM
Dow Jones News
Second Theranos Lab Failed U.S. Inspection
Theranos failed a second major U.S. regulatory inspection of its
laboratory facilities, people familiar with the situation said, a
setback the Silicon Valley blood-testing firm hasn't disclosed to
investors or patients.
Toshiba Considers Spinning Off Core Memory Business
Toshiba says it may spin off its semiconductor unit to keep it
competitive in the face of financial risks from its nuclear reactor
business.
HPE to Acquire SimpliVity for $650 Million in Cash
Hewlett Packard Enterprise Co. said it would acquire
data-storage startup SimpliVity Corp. for $650 million in cash, a
steep discount to the startup's most recent $1 billion
valuation.
Federal Trade Commission Files Antitrust Lawsuit Against Qualcomm
The Federal Trade Commission on Tuesday sued Qualcomm Inc.,
alleging the semiconductor company engaged in unlawful tactics to
maintain a monopoly on a type of chip used in cellphones.
Deutsche Bank Completes $7.2 Billion Mortgage Security Settlement With U.S.
Deutsche Bank completed a $7.2 billion deal to resolve U.S.
claims that it misled investors on mortgage securities it sold
before the 2008 financial crisis, authorities said.
U.S. Companies Paring Investment Plans in China, Survey Says
More U.S. businesses are shelving investment plans in China, a
new survey says, as companies find themselves caught between
hardening trade stances in Washington and Beijing.
Allergan Admits to Disclosure Violations During Valeant Bid
Allergan will pay $15 million in fines and admit to disclosure
violations during a hostile takeover bid from Valeant
Pharmaceuticals.
Thesys to Build System Tracking All Stock and Options Orders
Thesys Technologies LLC won the award to operate one of the
largest databases ever created, a forensic tool for detecting
suspicious trading and investigating the causes of flash crashes in
stock markets.
Goldman's Compliance Chief Moves On
Alan Cohen, Goldman Sachs Group Inc.'s head of compliance and
the longest-serving internal cop on Wall Street, is vacating his
seat after 13 years.
United Continental Profit Down 52%
United Continental Holdings Inc. said Tuesday that its
fourth-quarter profit was $397 million, a 52% decline from year-ago
net of $823 million in a period in which it hardly paid any
taxes.
(END) Dow Jones Newswires
January 17, 2017 23:15 ET (04:15 GMT)
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