News Highlights: Top Company News of the Day
August 21 2017 - 3:15PM
Dow Jones News
Great Wall Expresses Interest in Fiat Chrysler's Jeep
Chinese auto maker Great Wall Motor said it is interested in
acquiring Jeep, the profitable U.S. sport-utility vehicle maker
owned by Fiat Chrysler Automobiles.
Herbalife Ends Going-Private Talks, Plans Tender Offer
Herbalife plans to repurchase up to $600 million of its shares
over the next month as executives said discussions about taking the
company private ended last week.
Baidu Is Selling Takeout Delivery Business to Alibaba-Backed Ele.me
Baidu is selling its takeout delivery business to Ele.me, a
rival backed by Alibaba. The deal will help the Chinese
search-engine giant stop sinking money into a costly business that
hasn't paid off.
Sempra Energy Reaches Deal to Buy Oncor After Outbidding Berkshire
Sempra Energy has reached a deal to buy Oncor for $9.45 billion
after swooping in to snatch the power-transmission company away
from Warren Buffett's Berkshire Hathaway.
Total Buys Maersk Oil for $5 Billion
French oil giant Total has agreed to acquire Danish conglomerate
A.P. Moeller-Maersk's oil unit for $4.95 billion, signaling a
renewed appetite for deals in the global oil-and-gas industry.
Johnson & Johnson Hit With $417 Million Verdict in Baby Powder Case
A jury awarded a woman with ovarian cancer $417 million Monday
in a case against Johnson & Johnson, the latest hit to the
pharmaceutical company in widespread litigation over the alleged
harms of its baby powder.
McDonald's Cuts Ties With Indian Partner
McDonald's Indian arm has severed ties with its second-largest
franchisee in the South Asian nation in a move that could lead to
the closure of more than 150 outlets and force the fast food
behemoth to start over from scratch in parts of this important
market.
Johnson Controls Accelerates CEO Succession Plan
Johnson Controls said its Chief Operating Officer George Oliver
will assume the CEO post from Alex Molinaroli sooner than planned
as the company looks to regain its footing following its merger
with Tyco International.
Hamilton Beach Owner Plans Spinoff of Home-Appliance Maker
The company that makes Hamilton Beach appliances plans to spin
off the brand and a kitchen-accessory store chain to focus on its
coal and mining businesses.
ADP Rejects Ackman's Board Nominees
Automatic Data Processing board members have rejected activist
investor William Ackman's bid for a board seat and those of two
other people nominated by his firm, Pershing Square.
(END) Dow Jones Newswires
August 21, 2017 15:00 ET (19:00 GMT)
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