News Highlights: Top Company News of the Day
May 25 2017 - 5:15PM
Dow Jones News
GM Sued by Diesel Truck Owners Over Emissions
General Motors Co. was accused in a lawsuit by owners of
diesel-powered trucks of using illegal emissions software that
allowed the vehicles to bypass government emissions tests and
pollute far beyond legal limits on the road.
Best Buy Defies Retail Doldrums With Higher Sales
Best Buy continued to buck the retail funk and post rising
sales, as videogame consoles like the Nintendo Switch and new
cellphone plans drove customers to its stores in the latest
quarter.
Wells Fargo Sweetens Broker Recruitment Bonuses
Wells Fargo & Co. is sweetening its signing bonuses for
veteran brokers, a move to capitalize on Morgan Stanley's and
Merrill Lynch's retreat from the industry's costly recruiting
practice known as "prisoner exchange."
Ford Lures Engineer Back From Uber
Ford Motor Co. has wooed back a senior engineer who left the
auto maker to develop autonomous vehicles at Uber Technologies
Inc.
Activist Investor's Pressure Builds on BHP Over Energy
The clash between BHP Billiton Ltd. and activist hedge fund
Elliott Management Corp. is narrowing to one issue that could
determine the future of the Anglo-Australian mining giant: Should
it remain in the oil and gas business?
BlackRock, Vanguard Mull Pressuring Exxon to Disclose Climate Risks
Two of the world's largest asset managers are strongly
considering a public rebuke to Exxon Mobil over climate change at
the company's annual meeting next week.
Microsoft Tries to Take On Twitch at Videogame Live-Streaming
Microsoft on Thursday is launching its own videogame
live-streaming service called Mixer, setting up yet another battle
among some of the biggest names in the technology industry.
Each Cigna Employee to Get Five Shares
Cigna plans to give every employee five shares of stock, an
unusual move that the company said was aimed at bolstering employee
commitment as it moves ahead after the demise of its merger deal
with Anthem.
Appian Shares Leap 35% After IPO
Shares of Appian Corp., a maker of software for developing
enterprise applications, jumped 35% to $16.22 after its initial
public offering Thursday.
21st Century Oncology Files for Chapter 11 Bankruptcy
21st Century Oncology, a cancer treatment giant, filed for
bankruptcy after reaching an agreement with lenders and bondholders
that would prune half a billion dollars in debt from the company's
balance sheet.
(END) Dow Jones Newswires
May 25, 2017 17:00 ET (21:00 GMT)
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