News Highlights: Top Company News of the Day
March 30 2017 - 01:15PM
Dow Jones News
Ford Hires BlackBerry Employees to Work on Connected Cars
Ford Motor is hiring 400 engineers from BlackBerry's
mobility-solutions unit to help develop internet-connected
vehicles, giving a boost to the auto maker's software development
efforts.
Volkswagen, States Reach More Emissions-Cheating Settlements
Volkswagen AG reached additional emissions-cheating settlements
with state attorneys general in the U.S., adding to the big
financial hit the German auto giant has suffered from rigging
diesel-powered vehicles to dupe government regulators.
Pimco Names Head of Private Strategies
Pacific Investment Management Co. hired a former Blackstone
Group executive, Gregory Hall, to lead its private-equity
investment teams.
McDonald's Upgrades Quarter Pounder, Using Fresh Beef
McDonald's will switch to fresh beef from frozen in its Quarter
Pounder burgers at the majority of its restaurants nationwide by
mid-2018 in one of the biggest moves the company has made to turn
around its struggling U.S. business.
Texas Regulators Give Preliminary 'No' to NextEra Takeover of Oncor
NextEra Energy Inc.'s proposed takeover of one of the largest
electricity transmissions businesses in the country, Oncor, is in
big trouble with key Texas energy regulators.
Canadian Imperial Bank Raises PrivateBancorp Bid
Canadian Imperial Bank of Commerce has raised the stakes of its
takeover bid for PrivateBancorp Inc., upping the deal price by
about $1 billion.
Lululemon Investors See Red as Company Cites Lack of Colorful Clothing
Shares of Lululemon plunged Thursday after the company issued a
weak outlook, blaming spring clothing that wasn't colorful enough
to entice shoppers to its website or stores.
GE Chief Says 'Climate Change Is Real' in Rebuke to Trump Policy
General Electric CEO Jeffrey Immelt defended efforts to reduce
emissions and fight climate change after President Trump reversed
rules pushing utilities to use cleaner fuels.
H&M Falters as Zara Owner Inditex Speeds Ahead
Sweden's Hennes & Mauritz reported a 3% fall in
first-quarter net profit from a year earlier on lower-than-expected
sales growth and increased markdowns. The results come as a blow
amid strong momentum at its main rival, Zara owner Inditex.
'You Are All Liars:' Toshiba Shareholders Vent After Westinghouse Bankruptcy
Toshiba shareholders denounced management at a shareholders'
meeting and asked why the Japanese conglomerate had plowed billions
of dollars into a U.S. nuclear business that is now in bankrupcty
proceedings.
(END) Dow Jones Newswires
March 30, 2017 13:00 ET (17:00 GMT)
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