News Highlights: Top Company News of the Day
February 27 2017 - 11:15PM
Dow Jones News
Perrigo to Sell Multiple-Sclerosis Drug Royalties
Pharmaceutical company Perrigo has reached a deal worth up to
$2.85 billion to sell royalties from multiple-sclerosis drug
Tysabri to pharmaceutical investor Royalty Pharma.
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.
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.
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.
Snap IPO: A $22 Billion Test for the Unsocial Social Network and Its Elusive Founder
Snap, which this week could become the biggest technology public
offering in years, defiantly operates unlike most Silicon Valley
outfits, where collaboration and wide-open office spaces are
prized. The question is whether this management style and focus on
privacy will help the company challenge the Facebook
juggernaut.
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 CEO Won't Touch Trump Travel Ban
Priceline Group declined to address President Donald Trump's
executive order on immigration and refugees, opting to sit out a
topic that has roiled the travel sector.
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.
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.
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.
(END) Dow Jones Newswires
February 27, 2017 23:00 ET (04:00 GMT)
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