News Highlights: Top Company News of the Day
March 24 2017 - 5:30PM
Dow Jones News
Anthem Grilled as It Seeks to Save Cigna Deal
A federal appeals court panel on Friday asked tough questions of
health insurer Anthem, which is attempting to salvage its proposed
$48 billion acquisition of Cigna after a trial judge blocked the
combination as anticompetitive.
Charter Communications to Hire 20,000 U.S. Workers
Charter Communications CEO Tom Rutledge pledged to hire 20,000
U.S. workers and invest $25 billion over the next four years at an
event with President Trump, allowing the administration to trumpet
a jobs announcement that had been in the works for some time.
Trump Administration Grants Permit for Keystone Pipeline
The Trump administration has signed a presidential permit for
TransCanada to build Keystone XL, bringing the oil pipeline closer
to fruition more than a year after former President Barack Obama
blocked its construction.
Goldman Veteran Poached by Private-Equity Firm
A Goldman Sachs partner who oversaw the bank's business of
packaging mortgages and other consumer loans for sale to investors
is leaving for an investing arm of San Francisco-based buyout shop
TPG.
Netflix: The Monster That's Eating Hollywood
The streaming-video service is hogging talent and pushing up
prices, spurring pushback from rival TV producers who once saw it
as a partner.
YouTube Continues Showing Brands' Ads With Objectionable Videos
A week after Google was forced to apologize for running
customers' advertisements on objectionable videos, triggering a
change in policy, its YouTube site is still rife with examples that
are ensnaring more big advertisers and causing some to cut spending
with the tech giant.
Wal-Mart Acquires Niche Sites, to the Dismay of Hipsters
Wal-Mart is rapidly buying up hip, small online retailers that
appeal to wealthier shoppers in hopes of finally taking on Amazon.
The deals give Wal-Mart access to new groups of shoppers, but some
have balked at the change.
Health-Data Watchdog Company Has a Powerful Adviser
A new board member at 4C Health Solutions, which roots out
questionable health-insurance claims, is President Donald J.
Trump's personal attorney, Michael D. Cohen.
Tronc to Buy All Stock From Large Outside Shareholder
Tronc Inc. agreed to buy all the stock held by one of its
largest outside shareholders at a substantial premium amid an
increasingly bruising public fight between its two biggest
investors.
Regulators Give Passing Grade to 'Living Wills' for Regional Banks
U.S. regulators gave 15 regional banks a passing grade on their
"living will" plans for bankruptcy, a victory win for those firms
that demonstrates how their regulatory environment is significantly
less stressful than for the largest U.S. banks.
(END) Dow Jones Newswires
March 24, 2017 17:15 ET (21:15 GMT)
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