News Highlights: Top Company News of the Day
January 18 2017 - 11:30PM
Dow Jones News
Court Denies Arrest Warrant for Samsung Heir Lee Jae-yong
A South Korean court denied an arrest warrant for Lee Jae-yong,
the scion of the Samsung conglomerate, for his alleged involvement
in a national corruption scandal.
U.S. Sues Oracle, Alleging Salary and Hiring Discrimination
The Labor Department sued Oracle, alleging the technology
company routinely pays its white male workers more than their
counterparts in the same positions.
Wall Street Gets Back Its Groove
The historic U.S. election jolted Wall Street trading desks,
buoying investor confidence and sparking activity that pushed the
five biggest U.S. investment banks to sharply higher fourth-quarter
profits.
Netflix's Global Growth Fuels Surge in Subscribers
Netflix's subscriber additions surged in the fourth quarter,
fueled by an aggressive international expansion, as the streaming
giant continues to stock up on content it hopes will appeal across
multiple countries.
Outgoing Canadian Pacific CEO and Activist Investor to Target CSX
Hunter Harrison, the railroad veteran who announced his early
departure from Canadian Pacific Railway, is joining with an
activist investor in an attempt to shake up management at rival
railroad CSX.
Nintendo to Roll Out Super Mario Run for Android OS in March
Nintendo Co. plans to launch its Super Mario Run smartphone game
for Android OS in March, a three-month delay after the rollout for
Apple Inc.'s smart devices.
Credit Suisse Finalizes $5.3 Billion Deal With U.S. Over Pre-Crisis Mortgage Securities
Credit Suisse finalized a $5.3 billion agreement to resolve
claims that it misled mortgage bond investors before the 2008
financial crisis, as the Obama administration wraps up a number of
crisis-era settlements in its final days.
Mallinckrodt Settles Antitrust Allegations on Unlawful Drug Monopoly
Irish drugmaker Mallinckrodt and a U.S. subsidiary will pay $100
million and agree to other conditions to settle government
antitrust allegations they unlawfully prevented competition for
Acthar, a drug that has seen enormous price spikes in recent
years.
Sumner Redstone's Ex-Girlfriend Asks Court to Assess His Health
Sumner Redstone's ex-girlfriend has asked a California court to
appoint an independent doctor to assess his health and, if he lacks
mental capacity, appoint a guardian for him, according to documents
filed Wednesday.
Kinder Morgan Swings to Profit Though Top Line Declines
Kinder Morgan Inc. swung to a profit in the final quarter of the
year as the energy giant booked a smaller write-down, though
revenue declined more than expected.
(END) Dow Jones Newswires
January 18, 2017 23:15 ET (04:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.