News Highlights: Top Company News of the Day
August 22 2017 - 3:30AM
Dow Jones News
BHP Eyes Sale of U.S. Shale Business After Months of Investor Pressure
Activist investors scored a victory after BHP Billiton said it
was looking to sell its onshore U.S. oil-and-gas operations.
Pentagon Eliminates Lockheed Martin From $85 Billion Missile Program
The Pentagon eliminated Lockheed Martin Corp. from an $85
billion competition to update the nation's land-based
intercontinental ballistic nuclear missiles, one of the most
fiercely contested defense contracts this decade.
Texas Regulators Are First Test for Sempra's Oncor Deal
Texas regulators who have proven to be harsh critics of suitors
for Oncor, the largest power-transmission utility in the state,
will be the first test for Sempra Energy's $9.45 billion takeover
offer.
Tesla Bonds Tumble in Sign of Concern Over Finances
Tesla Inc.'s first bonds have fallen more than 2% in price since
their issuance 10 days ago, the latest sign of Wall Street's
ambivalence over the electric-car maker's prospects.
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.
Cisco to Buy Springpath for $320 Million
Cisco Systems said Monday it plans to buy Springpath Inc., an
early partner in the so-called hyperconverged-systems market, as
part of a shift to selling software and services to help turn
around the struggling company.
Brazil's Government to Reduce Stake in Electrobras
Brazil's government said it plans to reduce its controlling
stake in debt-ridden power utility Centrais Elétricas Brasileiras
SA, or Eletrobras, in what could be one of the country's most
significant privatizations since the 1990s.
Univision Says Lawsuit Over Deadspin Story Intended to Scare Journalists
A Univision division sought to quickly defeat a defamation
lawsuit brought over an article published on the sports website
Deadspin, saying the complaint is intended to intimidate
journalists.
Macy's Hires eBay Executive Amid Management Shakeup
Macy's poached a senior eBay executive and streamlined its top
management in an effort to speed up decision-making at the
struggling department-store chain.
Deerfield Resolves Insider Trading Probe With SEC
Large New York hedge fund Deerfield Management has agreed to a
multimillion-dollar fine to settle what is shaping up to be a major
crackdown by the U.S. government on Washington's political
intelligence industry.
(END) Dow Jones Newswires
August 22, 2017 03:15 ET (07:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.