News Highlights: Top Company News of the Day
September 25 2017 - 11:15PM
Dow Jones News
As Takata Deal Deadline Looms, Claimants in Air-Bag Cases Worry
Lawyers for people claiming injury from Takata Corp.'s defective
air bags pressured the company to finalize its deal to sell most of
its business as the deadline looms this week.
In India, a Big GE Deal Goes Off the Rails
General Electric Co. is in danger of losing one of its largest
industrial contracts after a political shake-up in India,
highlighting the risk of the conglomerate's chase to win business
in far-flung markets by investing heavily in local operations.
China Fishery Trustee Targets HSBC in Bankruptcy Probe
The court-appointed trustee in charge of China Fishery Group
Ltd. isn't backing down in a bankruptcy battle with HSBC Ltd.,
which he is investigating for aggressive collection tactics that
allegedly had a "severely negative impact" on the fishing
enterprise.
Atlas Air Worldwide Accuses Pilots' Union of Work Slowdown
Atlas Air Worldwide Holdings Inc. accused its unionized pilots
of intentionally slowing down work, causing "widespread and
significant" flight delays, in the latest labor dispute between a
union and an air-cargo carrier.
CFTC Fines Citigroup Over Swaps Reporting
The Commodity Futures Trading Commission fined two Citigroup
subsidiaries for failing to properly report swap transactions, the
latest in a series of such penalties by the regulator.
Morgan Stanley to Pay $13 Million Over UIT Supervision
Wall Street's self-regulator ordered Morgan Stanley to pay $13
million in fines and restitution to clients for failing to properly
supervise trades that increased charges and fees to customers of
certain investment funds.
Facebook Shares Sink as Bad News Piles Up
A series of controversies are colliding Monday to send Facebook
Inc. shares to their worst day since November.
Longtime SoFi Tech Executive to Step Down
Social Finance's top technology executive, who is also the wife
of former CEO Mike Cagney, plans to leave the firm.
Deal Boutique Greenhill Lands a Lifeline
Legendary Wall Street deal maker Robert Greenhill is throwing a
lifeline to the firm he founded two decades ago, which has been
largely left behind in the recent merger boom. Greenhill & Co.
said its founder, along with CEO Scott Bok, will each invest $10
million in the company as part of a broader reorganization
Target to Boost Minimum Wages in Battle for Workers
Target said it is raising its minimum wage to $11 an hour
starting next month and to $15 an hour within three years, as the
retailer competes to fill low-wage jobs in a tighter labor
market.
(END) Dow Jones Newswires
September 25, 2017 23:00 ET (03:00 GMT)
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