News Highlights: Top Company News of the Day
May 23 2017 - 5:15AM
Dow Jones News
Nokia and Apple Move From Courtroom Foes to Business Partners
Nokia and Apple have settled long-running intellectual property
disputes and agreed to a multiyear patent license, moving from
courtroom foes to business partners.
China Life Buys Sprawling Portfolio of Small Market U.S. Real Estate
China Life Insurance Group is buying a 95% stake in 48
commercial properties scattered throughout the U.S. in deal that
values the portfolio at $950 million and highlights the growing
appetite among foreign investors for real estate in markets they
mostly have ignored until now.
Ford Replaces CEO Amid Pressure on Profit, Share Price
Ford is replacing CEO Mark Fields with Jim Hackett, who heads
its innovation unit. The company has been considering leadership
changes amid dissatisfaction with the stock price and a drive to
clarify strategy.
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?
(END) Dow Jones Newswires
May 23, 2017 05:00 ET (09:00 GMT)
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