News Highlights: Top Company News of the Day
January 24 2017 - 01:30AM
Dow Jones News
Mitsubishi Heavy Industries Delays Jet
Mitsubishi Heavy Industries said it is delaying the first
delivery of the Mitsubishi Regional Jet to mid-2020 from mid-2018,
as previously planned.
Samsung Profit Growth Driven by Component Sales
The South Korean tech company recorded its highest operating
profit in more than three years, as booming sales of components
helped it shrug off last year's massive Galaxy Note 7 recall.
Yahoo Sees Verizon Deal Taking Longer Than Expected
Yahoo, subject of two huge data breaches that have cast a shadow
over its deal with Verizon Communications Inc., pushed back its
expected closing date for the transaction, citing "work required to
meet closing conditions."
Retirement Giant TIAA Rebrands Asset Management as It Seeks New Investors
TIAA's asset-management unit renamed itself Nuveen, stepping
away from its history as one of the oldest names in the retirement
business.
Citigroup Units Settle CFPB Mortgage Servicing Claims for $28.8 Million
Two mortgage servicing units of Citigroup Inc. agreed to pay
$28.8 million to settle allegations from the Consumer Financial
Protection Bureau that they mistreated borrowers seeking
foreclosure relief.
Ford Takes Step Toward Online Car Shopping With Fintech Investment
The lending arm of Ford Motor Co. has tapped a San Francisco
startup to make it easier for its customers to buy and finance a
car without going into a showroom.
Regulators Push Peabody on Plan to Fund Mine Cleanup
Peabody Energy is facing pushback from state regulators in
Missouri and Indiana that say the coal mining company hasn't
explained how it intends to fund its obligation to clean up its
mines once it exits bankruptcy protection.
Liberty Media Names Chase Carey as Formula One CEO, Replaces Bernie Ecclestone
Bernie Ecclestone, who turned Formula One from an elite motor
racing series into a global media rights empire over four decades,
stepped away from his role as the sport's "supremo" as Liberty
Media completed its takeover, appointing Chase Carey as chief
executive.
Berkshire Unit Buys German Pipe Component Maker
A unit of Warren Buffett's Berkshire Hathaway has agreed to buy
piping components maker Wilhelm Schulz GmbH, the billionaire
investor's second acquisition in Germany.
Avis Uses 'Poison Pill' to Block Longtime Investor
Avis Budget Group Inc. took an unusual step Monday to block its
biggest shareholder from potentially increasing its sway over the
company, a year after giving the investor a board seat.
(END) Dow Jones Newswires
January 24, 2017 01:15 ET (06:15 GMT)
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