News Highlights: Top Company News of the Day
August 16 2017 - 5:30AM
Dow Jones News
Fiat Chrysler Joins BMW-Led Self-Driving Car Tech Alliance
Fiat Chrysler said it's joining a BMW-led consortium to develop
self-driving car technology, a move that comes more than a year
after the group was formed with an aim of producing fully automated
vehicles by 2021.
Akzo Nobel Strikes Agreement With Elliott After Dispute
Akzo Nobel reached a truce with Elliott Management giving the
activist investor board representation following a monthslong
standoff over Elliott's push to force the Dutch chemicals company
into talks over a $28 billion takeover bid.
Wells Fargo's New Chairman Knows Crises
This won't be the first banking crisis Elizabeth Duke, who was
named incoming independent chairman of Wells Fargo, has faced.
Verizon to Compete With AT&T for Public-Safety Customers
Verizon Communications Inc. said it is building dedicated lanes
at the core of its U.S. network for firefighters and other first
responders, a bid to compete with AT&T Inc.'s plans for its own
public-safety network.
AMC Objects to $10/Month MoviePass Plan
The nation's largest movie theater chain isn't ready to embrace
a plan to bring Netflix-style subscription pricing to
multiplexes.
Elliott Raises its Stake in BHP Billiton
Elliott Management Corp. Wednesday said it has increased its
holding in BHP Billiton and signaled it backs the incoming chairman
to act on the sweeping changes it has been seeking.
GM's Barra in Tight Spot Among Executives on Trump's Advisory Panels
Among the executives under pressure to step down from President
Donald Trump's business-advisory councils, General Motors Co. Chief
Executive Mary Barra may have more to lose than most.
CEOs Rethink Ties With White House
President Donald Trump's response to the weekend violence in
Charlottesville, Va., has sparked soul-searching in U.S. corporate
boardrooms over whether they should keep working closely with the
White House.
Warren Buffett's Berkshire Validates Another Credit-Card Company
Warren Buffett's Berkshire Hathaway is increasingly betting on
the growing credit-card industry.
Wells Fargo Names Former Fed Governor Elizabeth Duke to Chairman Role
Wells Fargo said Elizabeth Duke would replace its chairman,
Stephen Sanger, on Jan. 1, making the former Federal Reserve
governor the first woman to hold a top board role at one of the
nation's largest banks.
(END) Dow Jones Newswires
August 16, 2017 05:15 ET (09:15 GMT)
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