News Highlights: Top Company News of the Day
May 27 2019 - 7:15AM
Dow Jones News
Fiat Chrysler Unveils Renault Merger Proposal
The Italian-American car giant is proposing a merger with rival
Renault, a move that if completed would create the third-largest
auto maker by production and shake the global car industry.
Nasdaq Abandons Oslo Bors Bid
Nasdaq said it is withdrawing its offer for Norwegian
stock-exchange operator Oslo Bors because the minimum acceptance
condition for the offer's completion is "incapable of being
satisfied."
EQT in $2.26 Billion Takeover Bid for Australia's Vocus
Asset manager EQT has secured access to Vocus Group Ltd.'s books
after pitching a nonbinding takeover offer that values the
Australian telecommunications provider at about $2.26 billion.
Teva Settles Oklahoma Opioid Case for $85 Million
The Israel-based drugmaker agreed to pay $85 million to resolve
claims by the state of Oklahoma that the company's marketing helped
fuel a rise in opioid addiction.
In Newly Released Deposition, OxyContin Owner Defends Response to Reports of Abuse
A deposition of Richard Sackler, an owner of OxyContin maker
Purdue Pharma, from March offers a rare window into his current
views on the opioid epidemic amid litigation seeking to hold the
company accountable for the crisis.
Refiners Poised for Boost From Clean-Fuel Rules
U.S. refiners are anticipating a bonanza from new rules that
require cleaner-burning fuels on the world's oceangoing ships
starting Jan. 1.
MIT Scientist's Biotech Research Is Called Into Question
MIT researcher Dr. Ram Sasisekharan and his team are defending
their computer-assisted research against an accusation that they
misled the scientific community about the discovery of drugs for
the flu and Zika viruses.
Judge Bars Bud Light From Suggesting Rival Beers Contain Corn Syrup
A judge temporarily barred Bud Light from suggesting in its
advertising that rival beers Coors Light and Miller Lite contain
corn syrup.
MAX's Return to Flight Delayed by FAA's Re-Evaluation of Safety Procedures for Older 737 Models
A review of Boeing's 737 MAX jets has expanded to include
emergency procedures used by pilots on earlier 737 models, further
delaying the MAX's return to service.
Facebook Privacy Settlement Delayed by FTC Split
A long-awaited multibillion-dollar settlement between Facebook
and federal regulators over privacy missteps has been bogged down
by a split between Republicans and Democrats on the Federal Trade
Commission.
(END) Dow Jones Newswires
May 27, 2019 07:00 ET (11:00 GMT)
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