News Highlights: Top Company News of the Day
March 27 2017 - 9:30AM
Dow Jones News
Sealed Air to Sell Cleaning Unit to Bain for $3.2 Billion
Sealed Air Corp. said Monday that it would sell its cleaning
business to private-equity firm Bain Capital for $3.2 billion.
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.
EU Clears Dow-DuPont Deal With Conditions
Dow Chemical and DuPont clinched regulatory approval for their
merger from the European Union's competition watchdog on condition
they divest several businesses to address antitrust concerns.
Foreign Investors Flock to Iran as U.S. Firms Stay on Sidelines
Many foreign investors are rushing into Iran's promising market
after its nuclear accord, setting off skirmishes among European and
Asian companies eager to gain a step on more cautious American
rivals.
Dominion Diamond to Explore Strategic Alternatives
Canadian mining firm Dominion Diamond Corp. said Monday its
board will explore strategic alternatives, including a possible
sale of the company, just over a week since a privately held
conglomerate in Montana went public with a takeover bid.
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.
(END) Dow Jones Newswires
March 27, 2017 09:15 ET (13:15 GMT)
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