News Highlights: Top Company News of the Day
April 26 2017 - 5:15AM
Dow Jones News
Credit Suisse to Raise Capital, Ditch Sale of Swiss Unit
Credit Suisse said it planned to raise about $4 billion of fresh
capital and abandon plans for a partial sale of its Swiss unit as
the banking giant reported a first-quarter profit that topped
analysts' expectations.
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.
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.
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.
Netflix's China Deal May Prove a House of Cards
Netflix has gained an entry into China, but its gains may be
diluted since it had to partner with a local player for access to
the vast market.
BHP Billiton Cuts Annual Coking Coal, Copper Guidance
A lengthy strike at a mine in Chile and cyclone damage to rail
lines in eastern Australia dented BHP Billiton's output in the last
quarter, prompting it to scale back annual targets for coking coal
and copper.
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.
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.
An Excess of Faith at Indian Banks
Indian banks have high valuations, but their outlook is getting
cloudier.
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.
(END) Dow Jones Newswires
April 26, 2017 05:00 ET (09:00 GMT)
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