News Highlights: Top Company News of the Day
May 22 2017 - 11:15PM
Dow Jones News
Ford Looks to New CEO Jim Hackett For 'Tech-Savvy Energy'
Jim Hackett likes to talk about "design thinking" and "fitness
of use." His test now as new Ford CEO is to translate those catch
phrases into meaningful change at the auto giant.
Brazilian Meatpacker JBS Shares Fall 30% Amid Insider-Trading Accusations
Shares of Brazilian meatpacker JBS plunged more than 30%,
costing the company about $2 billion, after President Michel Temer
accused its owners of insider trading as part of a bitter battle
over the country's corruption scandal.
Maxus Energy Wins Court Approval of Chapter 11 Plan
Maxus Energy Corp. won confirmation Monday of a chapter 11
liquidation plan that spells out how its assets will be used to
address New Jersey's contaminated Passaic River.
Another Gloomy Day for Amgen
Nothing is going right for Amgen these days. It now says its
experimental osteoporosis treatment, Evenity, is unlikely to win
approval from the Food and Drug Administration this year.
CBS Extends Leslie Moonves's Contract Through 2021
CBS said it reached a two-year contract extension with Chief
Executive Leslie Moonves, who is now expected to stay with the
media company through June 30, 2021
Amid Slide in DVD Sales, Redbox to Rent Some Movies Sooner
Redbox got a boost in its efforts to compete with digital
outlets Monday as Hollywood's largest studio agreed to make its
movie discs available earlier in the company's movie-rental
kiosks.
Remember 'Avatar'? Disney Hopes So With $500 Million Bet on Theme Park
Disney is betting the most successful movie ever will prolong a
hot streak for its theme parks. But will tourists flock to a place
inspired by an eight-year-old film?
Solar-Energy Giant Was Manipulating Sales Data, Say Former Managers
Former managers at one of the largest U.S. solar-energy
companies say they manipulated a key sales metric around the time
of the company's 2015 initial public offering.
Citigroup to Tap Nasdaq for Blockchain Payment Technology
Citigroup Inc. and Nasdaq Inc. are partnering to match up the
blockchain with real money.
Baidu Falls Behind in Race to Be China's Netflix
Baidu could miss out as Chinese tech majors try to build up
their online video content.
(END) Dow Jones Newswires
May 22, 2017 23:00 ET (03:00 GMT)
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