News Highlights: Top Company News of the Day
February 27 2017 - 7:30PM
Dow Jones News
Takata Pleads Guilty to Criminal Wrongdoing, Agrees to Pay $1 Billion
Japanese automotive supplier Takata pleaded guilty to criminal
wrongdoing and agreed to pay $1 billion in penalties for providing
misleading testing reports to auto makers on rupture-prone air bags
installed in millions of vehicles.
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.
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.
Morgan Stanley Gave Some Wealth-Management Clients Wrong Tax Information
Morgan Stanley said it had given a "significant number" of
wealth-management clients incorrect information that caused some to
underpay and others to overpay their taxes.
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.
SpaceX Proposes a Private Manned Mission to Orbit Moon
Elon Musk's SpaceX has proposed taking tourists around the moon
in as soon as two years, touting such missions as the evolution of
public-private partnerships favored by the Trump
administration.
Hertz Swings to Loss on Impairment Charges
Hertz Global Holdings Inc. reported a loss in 2016 as it booked
more than $254 million in charges amid continued weakness in its
car-rental business.
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.
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.
(END) Dow Jones Newswires
February 27, 2017 19:15 ET (00:15 GMT)
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