News Highlights: Top Company News of the Day
June 23 2017 - 1:31PM
Dow Jones News
Glencore Raises Offer for Rio Tinto's Australian Coal Assets
Glencore said it has submitted a sweetened all-cash offer of
$2.68 billion for Rio Tinto's Australian coal assets, days after
its previous attempt to scotch an acquisition from a Chinese suitor
was rejected.
Samsung Makes Play for Drug Market With Version of Blockbuster Humira
A Samsung group arm is on track to win European regulatory
approval for a near-replica version of the world's top-selling
drug, rheumatoid-arthritis treatment Humira.
BlackBerry Revenue Falls Amid Shift to Software
BlackBerry Ltd. said it plans to liquidate its remaining device
inventory in the next quarter as it completely moves production of
its handsets to third-party manufacturers.
Harley-Davidson Discussing Purchase of Ducati From VW
Harley-Davidson is in talks to buy Ducati Motor Holding from
Germany's Volkswagen in a deal that could bring together two of the
most storied motorcycle names and pave the way for further
divestments by the German car maker.
Untapped Blockbuster Disease? Drugmakers Race to Devise a Cure
The next frontier for multibillion-dollar drug therapies is a
silent disease many people don't know they have. Dozens of
companies are developing treatments for the fatty-liver disease
known as NASH.
Content Recommendation Firm Outbrain Lays Off 4% of its Workforce
Outbrain, best known for placing sponsored links on publishers'
websites, has laid off 4% of its roughly 600-person global
workforce.
Uber Ex-CEO Travis Kalanick Knew of Stolen Google Files
Former Uber Technologies Chief Executive Travis Kalanick knew an
engineer had allegedly stolen Google files before hiring the
engineer last year, according to Uber's attorneys.
Facebook Has New Vision Beyond 'Connecting,' and It Thinks Groups Are Key
Facebook Chief Executive Mark Zuckerberg took a step toward
defining a new vision for the social-media company as it grapples
with how to handle its growing power in the world.
Tesla Explores Possibility of Manufacturing Cars in China
Tesla said it is exploring with government officials in Shanghai
the possibility of opening a manufacturing facility to build
electric vehicles for the Chinese market.
American Airlines CEO 'Not Happy' About Qatar Plan to Buy 10% Stake
Qatar Airways said it intends to buy a significant stake in
American Airlines Group-a brash approach by the state-owned carrier
that American Chief Executive Doug Parker called "puzzling and
strange."
(END) Dow Jones Newswires
June 23, 2017 13:16 ET (17:16 GMT)
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