News Highlights: Top Company News of the Day
March 27 2017 - 1:15PM
Dow Jones News
Pimco Close to Settling Contract Suit With Bill Gross for $81 Million
Pacific Investment Management is close to settling the
breach-of-contract suit filed by its cofounder and former star bond
manager, Bill Gross, for $81 million.
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.
Amazon Delays Opening of Cashier-Less Store to Work Out Kinks
Amazon.com is delaying the public opening of its first
cashier-less convenience store because of technical
complications.
Supreme Court to Hear Case that Could Limit Lawsuits Against Companies for Disclosure Failures
The U.S. Supreme Court on Monday agreed to consider whether
publicly-traded companies can be sued for securities fraud by third
parties for omitting "known trends or uncertainties" in filings to
shareholders.
American, China Southern Air In Cooperation Talks
American Airlines and China Southern Airlines are discussing a
"major strategic cooperation," the Chinese airline said Monday in a
regulatory filing.
The Galaxy S8 Is Samsung's Best Shot at Redemption
Samsung's Galaxy S8, which will be unveiled Wednesday, has a lot
more at stake than sales targets: it must restore consumer trust
and stabilize a brand dogged by political scandal, product recalls
and privacy concerns.
Facebook Wants to Help You Be a Better Citizen
Facebook is getting more serious about the role it plays in your
political life. The social network rolled out a civic outreach tool
in the U.S. that identifies your elected officials, sends reminders
to vote and goads you to pick up the phone.
Seller of Hijacked DVR in Colorado Laundromat Pledges to Tighten Security
A surveillance-camera company featured in a previous article
about hacked devices said it is taking steps to harden its products
against attacks.
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.
Mexico Autos Output Soars as Trump Administration Settles In
The prospect of lowering the U.S. auto industry's reliance on
"Made in Mexico" got thornier during the Trump administration's
early days, as the amount of popular pickups and SUVs flooding in
from south of the border sharply increased in January and
February.
(END) Dow Jones Newswires
March 27, 2017 13:00 ET (17:00 GMT)
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