News Highlights: Top Company News of the Day
March 27 2017 - 5:15AM
Dow Jones News
Apple Bites Back With iPhone Court Win in China
A Beijing court found Apple's iPhone 6 and 6 Plus models don't
infringe on smartphone-design patents held by defunct local
manufacturer Baili.
Barclaycard Sells $1.6 Billion in Risky Credit-Card Balances to Credit Shop
Barclaycard is shedding a chunk of its subprime card balances,
in a deal that reflects diverging views in the card industry about
the future of the U.S. economy and the wisdom of wagering on risky
borrowers.
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.
South32 Rewards Investors With US$500 Million Bonus
South32 plans to hand US$500 million to shareholders, most
likely via a share buyback, in another sign the global mining
industry is regaining its footing.
A Steel Pioneer Is Getting Out of Steel
Germany's Thyssenkrupp, which CEO Heinrich Hiesinger aims to
refocus on capital goods, took a big step away from its once-core
steel business with the sale of its last steel plant in the
Americas. Shedding its European steel unit is the next test.
Why PTC's Revenue Still Raises Eyebrows
Software maker PTC has said its shift to a subscription model is
attracting new customers, but its numbers look different from
others that have undergone similar transitions.
Hollywood Fires Back at Netflix: New Films on Demand, Sooner
Hollywood studios are planning to move ahead with "premium"
video on demand, making major movies available to home viewers
within weeks after they hit theaters.
Chinese Conglomerate HNA to Buy Stake in U.S. Asset Manager
A unit of HNA Group agreed to acquire a stake in U.S. investor
OM Asset Management, the latest deal in the Chinese conglomerate's
ambitious global buying spree.
Uber Suspends Self-Driving Vehicle Program
Uber Technologies suspended testing of its autonomous vehicles
after one of them was involved in an accident in Tempe, Ariz., a
dramatic halt to one of the most high-profile self-driving
programs.
In the Era of Cheap Oil, Gulf Producers Are Forced to Borrow
Some oil producers in the Middle East are weighing taking money
up front against future production, as the fall in the price of
crude pushes them to look to plug budget holes.
(END) Dow Jones Newswires
March 27, 2017 05:00 ET (09:00 GMT)
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