News Highlights: Top Company News of the Day
July 21 2017 - 5:30PM
Dow Jones News
GE Leaves Investors in Limbo
GE told investors that profits are under pressure and they would
have to wait several months for a better sense of its business,
sending shares tumbling.
Siemens and Bombardier in Talks to Form Train Joint Ventures
Siemens AG and Bombardier Inc. are in advanced to talks to
combine their train-making businesses, according to people familiar
with the matter.
Private-Equity Giants Wade Into Payments-Sector Frenzy
Blackstone and CVC have teamed up on a $3.8 billion bid for U.K.
online payments processor Paysafe Group, joining a wave of
consolidation in the payments sector.
U.S. Expands Security Checks for International Flights
The U.S. is requiring closer security checks on some inbound
international flights, U.S. and European airlines said, amid new
concerns about terrorists planning to attack planes.
Schlumberger CEO Blames U.S. Investors for Stagnant Oil Prices
U.S. investors are driving down the price of oil by shoveling
too much money into American shale companies, the chief executive
of the world's largest oil-field service firm said as his company
reported quarterly earnings.
VW Asks EU to Scrutinize Coordination by German Car Makers
Germany's largest car maker has asked Europe's antitrust
watchdog to scrutinize decades of coordination efforts by the
country's main auto manufacturers amid growing concern they might
have breached antitrust regulations.
Mexico's Grupo Bimbo to Buy Chicago-Based East Balt Bakeries
Mexico's Grupo Bimbo agreed to buy Chicago-based East Balt
Bakeries in a $650 million deal that will add eight countries to
its global reach.
Ford, Mazda Say Some Vehicles' Air Bags Needn't Be Recalled
Two auto makers want to be excluded from an expanded recall of
nearly three million Takata Corp. air bags that the Japanese
supplier has warned could one day rupture, U.S. traffic safety
regulators said.
Air Canada Pilots Reportedly Weren't Using Normal Navigation Aids in Close Call at San Francisco
Pilots of an Air Canada jet failed to use a ground-based
guidance system when they nearly landed by mistake on a taxiway at
San Francisco International Airport two weeks ago, potentially
coming within dozens of feet of airliners on the ground, according
to people familiar with the investigation.
Lyft Shifts Gears With New Driverless-Car Division
Lyft said it is forming its own autonomous-car development
division, hiring hundreds of engineers for it and opening a new
office in the heart of Silicon Valley.
(END) Dow Jones Newswires
July 21, 2017 17:15 ET (21:15 GMT)
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