News Highlights: Top Company News of the Day
February 27 2017 - 5:15PM
Dow Jones News
AIG Directors Weigh Consequences for CEO After Big Setback
Directors of American International Group Inc. are trying to
determine whether to blame-and possibly replace-Chief Executive
Peter Hancock following a major setback in the insurance giant's
turnaround plan, people familiar with the matter said.
Prosper Inks $5 Billion Loan-Buying Deal With Investors Including Soros, Jefferies
Prosper Marketplace Inc. struck a deal on Monday to sell up to
$5 billion worth of consumer loans to a group of investment firms
over the next two years.
Uber Fires a Top Software Engineer
Uber Technologies Inc. fired a top software engineer for failing
to disclose allegations of sexual harassment at his previous
employer, Alphabet Inc.'s Google, a person familiar with the matter
said on Monday.
Priceline's Profits Jump on Surge in Travel Bookings
Priceline Group's profit rose a better-than-expected 31% in the
fourth quarter amid a jump in travel bookings.
Warren Buffett's Berkshire Hathaway More Than Doubles Stake in Apple
Warren Buffett said his Berkshire Hathaway more than doubled its
stake in Apple since the start of the new year, making the Silicon
Valley giant one of Berkshire's biggest equity holdings.
London Stock Exchange Remains Hopeful Over Deutsche Börse Merger
London Stock Exchange is still holding out some hope that
regulators will approve its planned merger with Deutsche Börse, but
a selloff in the companies' shares signals investors fear the deal
will collapse.
FCC Chairman Doesn't Expect to Review AT&T-Time Warner
The Federal Communications Commission's new chairman, Ajit Pai,
doesn't expect the agency to have a role in reviewing AT&T's
$85 billion takeover of Time Warner.
Johnson & Johnson Prescription Unit List Prices Rose 8.5% Last Year
Johnson & Johnson said it raised the list price of its
prescription medicines by an average of 8.5% last year-and 3.5%
after discounts-in the health-products company's first effort to
address criticism about the high cost of medicines by opening up
about its drug-pricing practices.
YouTube Exceeds 1 Billion Hours of Video a Day
YouTube viewers world-wide are now watching more than 1 billion
hours of videos a day, a milestone fueled by the Google unit's
aggressive embrace of artificial intelligence to recommend
videos.
AT&T Lowers Price of Unlimited Data Plans
AT&T lowered the price of its unlimited data plans less than
two weeks after opening them up to all subscribers, and said it
would give added discounts to customers who pay for one of its
television services.
(END) Dow Jones Newswires
February 27, 2017 17:00 ET (22:00 GMT)
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