News Highlights: Top Company News of the Day
April 23 2018 - 5:30AM
Dow Jones News
Akorn Vows to Fight Fresenius Decision to End Deal
Freseniussaid it is terminating its $4.3 billion agreement to
buy generic-drug maker Akorn, but Akorn said they intend to see the
deal go through.
UBS Profit Boosted by Wealth-Management
UBS posted an above-forecast 19% rise in first-quarter net
profit, supported by the performance of its wealth-management
unit.
Philips Net Income Falls
Philips said its first-quarter net income from continuing
operations fell 27% after the company booked a series of one-off
charges.
Fresenius Medical Sells Sound Inpatient
Fresenius Medical Care has sold its controlling interest in
Sound Inpatient Physicians for $2.15 billion to an investment
consortium led by Summit Partners.
Subsea 7 Bid for McDermott Rejected
Subsea 7 said it made a $2 billion offer last week for U.S. peer
McDermott International but that the bid was rejected by the
McDermott board.
Tele2 Looks to Boost Shareholder Returns
Tele2 reported a slight drop in first-quarter net profit but
backed its full-year guidance and strengthened prospects for higher
shareholder returns.
Air France to Operate 75% of Flights During Monday Strike
Air France expects to operate 75% of its flights on Monday, the
first day of a 48-hour strike over a wage dispute involving pilots,
cabin crew and ground staff in France.
Tencent Music Plans IPO; Valuation Could Exceed $25 Billion
Tencent Music, China's largest music-streaming company, is
preparing what would be one of the largest tech IPOs ever following
the successful debut of its European counterpart Spotify.
Goldilocks Says Its Position as Noble Shareholder Is Under Threat
Abu Dhabi-based Goldilocks Investment said its position as a key
shareholder in Noble Group is under threat from the embattled
commodities trading house, which rejected its proposal to appoint
five independent directors to the company's board.
Wells Fargo Struggles to Meet an Enforcement-Action Deadline
Wells Fargo is facing more regulatory challenges as it seeks an
extension in a deadline to satisfy an enforcement action related to
anti-money-laundering controls.
(END) Dow Jones Newswires
April 23, 2018 05:15 ET (09:15 GMT)
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