News Highlights: Top Company News of the Day
December 15 2017 - 5:15PM
Dow Jones News
CSX Loses $4 Billion in Value After CEO Takes Medical Leave
CSX lost about $4 billion in market value after Chief Executive
Hunter Harrison was placed on medical leave, a stark reversal for
investors who had shrugged off concerns earlier this year about the
health of the renowned railroad turnaround artist.
Boeing, Airbus Sales Imperiled as Trump Administration Formulates Iran Plan
The Trump administration is advancing a strategy that could
derail efforts by Boeing and Airbus to sell hundreds of jetliners
to Iranian airlines, U.S. officials said.
KKR to Buy Unilever's Spreads Business for $8 Billion
U.S. private equity giant KKR & Co. agreed to acquire
Unilever PLC's margarine and spreads business in a deal that values
the unit at $8.03 billion, making it one of the largest European
acquisitions by a buyout firm this year.
Airbus Upheaval Triggers Search for New CEO
Airbus is hunting for a new chief executive to navigate it
through a spell of heavy turbulence, with Europe's largest plane
maker facing investigations over alleged corruption and
far-reaching departures among its senior ranks.
Deutsche Bank Was Asked for Information on Transactions Potentially Linked to Michael Flynn
Deutsche Bank has been asked by U.S. government authorities to
hand over information about transactions that could be linked to
former national security adviser Michael Flynn or entities
connected to him, according to people familiar with the matter.
SpaceX Successfully Launches Reused Booster for NASA, a First
Space Exploration Technologies successfully launched a
refurbished cargo capsule atop a previously used rocket toward the
international space station, a milestone following its launch of
the first private spacecraft to Earth orbit and back seven years
ago.
Brazil's Odebrecht Chairman Says Will Step Down in 2018
Emilio Odebrecht, chairman of troubled Brazilian industrial
group Odebrecht, said he will resign from the engineering
conglomerate next year.
H&M Shares Plunge as Pivot to Digital Falls Short
Shares in Hennes & Mauritz's dropped more than 15% after the
fashion retailer reported weaker-than-expected fourth-quarter
sales.
Sirius XM Satellite Radio to Pay Higher Royalty Rate Starting in 2018
Sirius XM Holdings Inc. will pay almost 41% more for the music
it plays on its satellite-radio service starting next year, the
federal Copyright Royalty Board decided late Thursday, though
labels and artists feel the increase still falls short.
Fox Deal Adds Hulu to Disney's Arsenal in Attack on Netflix
Walt Disney's plan to buy a large portion of 21st Century Fox's
assets would double its 30% stake in Hulu and help as it takes on
rival Netflix.
(END) Dow Jones Newswires
December 15, 2017 17:00 ET (22:00 GMT)
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