News Highlights: Top Company News of the Day
August 24 2017 - 1:30AM
Dow Jones News
Petrobras Suspends Top Compliance Officer
Brazilian state-run oil firm PetrĂ³leo Brasileiro suspended its
top compliance official over a potential conflict of interest, in a
blow to the company's image as it seeks to move past a massive
corruption scandal.
Ford Taps Key Safety CEO as New Head of China Operations
Ford Motor Co. has poached the head of the company acquiring
troubled air-bag maker Takata Corp., a move aimed at jump-starting
a struggling China unit and gaining ground in the electric-vehicle
race.
Uber Racks Up Rides, Losses Amid Setbacks
Uber Technologies Inc.'s scandal-plagued year apparently hasn't
deterred ridership, though the ride-hailing company is still
reporting heavy financial losses.
Meg Whitman Stands By Statement She Won't Be Uber CEO
The Hewlett Packard Enterprise chief executive repeated that she
won't be the next CEO of Uber following news that the board is
considering her again as a candidate.
Minor Reforms Called Enough to Support Electric Grid
A federal report suggests minor market reforms can help ensure a
reliable electric power grid and shies away from handouts to
struggling coal and nuclear-power producers.
Web-Hosting Company Fights U.S. Request for Inauguration-Protester Data
Web-hosting company DreamHost said a request by federal
prosecutors for information about people who used a website to plan
protests during President Donald Trump's inauguration was too broad
and could chill legal political activity.
Invesco Close to Deal for Guggenheim ETF Business
Invesco Ltd. is nearing an agreement to buy Guggenheim
Partners's exchange-traded-funds business for more than $1 billion,
people familiar with the matter said.
HP's Earnings, Sales Beat Expectations
HP, boosted by rising sales of notebooks and desktop computers,
posted better-than-expected revenue of $13.1 billion in its fiscal
third quarter. Adjusted earnings of 43 cents a share also beat
analyst expectations, but shares fell after-hours.
Mitsui Sumitomo Buys Singapore's First Capital From Fairfax
Canada's Fairfax Financial Holdings Ltd. confirmed Wednesday
evening that it sold Singapore-based property-and-casualty insurer
First Capital to Japanese insurer Mitsui Sumitomo Insurance Co. for
$1.6 billion.
True Religion to Put Reorganization Plan to Creditor Vote
Denim jeans maker True Religion Apparel won approval Wednesday
to put its revamped reorganization plan to a vote of creditors.
(END) Dow Jones Newswires
August 24, 2017 01:15 ET (05:15 GMT)
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