News Highlights: Top Company News of the Day
April 25 2017 - 11:30PM
Dow Jones News
Fox News Host Joins Racial-Bias Suit
An African-American on-air host for Fox News, Kelly Wright, has
joined a group of current and former employees suing the cable
channel and some of its senior executives for alleged racial
discrimination.
Palantir Pays $1.7 Million to Settle Discrimination Suit
Palantir Technologies has agreed to pay $1.7 million to settle a
Labor Department lawsuit alleging that the data-mining firm
discriminated against Asians in hiring.
Perrigo Reaches Agreement With Auditor Over Royalty Accounting
Ernst & Young demanded the Dublin drugmaker adjust its
accounting for the multiple sclerosis drug Tysabri after Perrigo
sold the royalty rights in a deal worth as much as $2.85
billion.
SunEdison Wins Court Approval for $640 Million in New Financing
A bankruptcy judge on Tuesday helped keep SunEdison's chapter 11
case on track by approving a $640 million financing package the
company says it must have to continue operating.
Capital One Earnings Fall as Charge-Offs Increase
Capital One Financial Corp. reported a 20% drop in first-quarter
net income from a year earlier as losses jumped for U.S. credit
cards and the bank took a bigger provision charge for credit
losses.
América Móvil's Profit Jumps on Exchange Gains
Telecommunications company América Móvil SAB increased its net
profit nearly eightfold in the first quarter on solid revenue
growth and a rebound in the Mexican peso against the U.S. dollar
that led to hefty foreign exchange gains.
AT&T Continues to Lose Subscribers
AT&T Inc. continued to shed wireless and television
subscribers in the first quarter of the year as cheaper data plans
and cord cutting took a toll.
Verizon, AT&T in Billion-Dollar Bidding War for 5G Spectrum
Verizon Communications has topped AT&T's offer for Straight
Path Communications, sparking a bidding war over a tiny company
that controls a swath of wireless airwaves thought to be at the
forefront of next-generation networks.
Uber Plans to Test Flying Cars Within Three Years
Uber detailed ambitious plans to take to the skies with flying
cars, as the ride-hailing company is reeling from a series of
controversies including a lawsuit that could impede its crucial
self-driving vehicle initiative.
Google Retools Search Engine to Demote Hoaxes, Fake News
Google is retooling its powerful search engine to prevent sites
peddling fake news, hoaxes and conspiracy theories from appearing
in its top results.
(END) Dow Jones Newswires
April 25, 2017 23:15 ET (03:15 GMT)
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