News Highlights: Top Company News of the Day
March 27 2017 - 9:30PM
Dow Jones News
Olive Garden Owner Pays $780M for Cheddar's Chain
Casual-restaurant chain Cheddar's Scratch Kitchen will soon
share ownership with the likes of Olive Garden, LongHorn Steakhouse
and the Capital Grille.
Weak Sterling to Steer Virgin Atlantic to Loss This Year
Virgin Atlantic Airways Ltd. said it would lose money this year
following the sharp drop in the British currency after the 2016
Brexit vote, ending a four-year run of better earnings at the
carrier founded by billionaire Richard Branson.
Valeant Former CEO Sues Company Over Unmade Payments
Michael Pearson, ex-CEO of Valeant Pharmaceuticals, is suing the
embattled drugmaker for refusing to pay him more than 3 million
company shares that he said he is owed.
Avianca Holdings Sues Large Minority Shareholder in Colombian Flag Airline
Avianca Holdings, one of the largest airlines in Latin America,
on Monday sued a large minority shareholder that is seeking to
block the Colombian flag carrier from completing a strategic
partnership with United Continental.
Jim Gianopulos Named Head of Paramount Pictures
Jim Gianopulos, the longtime head of Twentieth Century Fox, has
been tapped to turn around Viacom Inc.'s troubled movie studio.
Elevate Credit Makes New IPO Push
Online lender Elevate Credit revived plans for an initial public
offering on Monday, becoming the latest firm to try to ride the
wave of investor demand for new issues.
Elon Musk's Latest Startup: Brains Linked to Computers
Billionaire entrepreneur Elon Musk wants to merge computers with
human brains to help people keep up with machines.
Uber Resumes Self-Driving-Vehicle Program After Arizona Accident
Uber Technologies is putting its autonomous vehicles back on
city streets after an accident involving one of them in Tempe,
Ariz., caused the company to halt its test program.
J.Crew Lenders Say Asset Transfer Unfairly Favors Backers, Bondholders
J.Crew lenders asked a court to unwind a contentious $250
million asset transfer, saying the transaction unfairly favored the
clothing retailer's private-equity owners and its bondholders.
Adient Looks to Expand Into Aviation Market with Boeing
Automotive seating supplier Adient is considering entering the
aerospace business, announcing plans Monday to work with Boeing to
explore development of seating for aircraft.
(END) Dow Jones Newswires
March 27, 2017 21:15 ET (01:15 GMT)
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