News Highlights: Top Company News of the Day
October 17 2019 - 11:30PM
Dow Jones News
Bondholders Take Aim at PG&E's $11 Billion Wildfire Insurance Deal
Creditors of PG&E Corp. attacked a proposed $11 billion
settlement of insurance claims surrounding California wildfires,
saying it would give the bankrupt utility too much control over the
restructuring process.
AT&T in Talks to Resolve Elliott Management's Activist Campaign
AT&T is in talks with Elliott Management to resolve the
activist investor's campaign for change at the phone and media
giant.
Talks to Settle Opioid Lawsuits Intensify
Drug companies and state and local governments are racing to cut
a deal in landmark opioid litigation, with talks set to continue
before a federal judge that could settle more than 2,500 lawsuits
for tens of billions of dollars.
Bud Brewer Accuses MillerCoors of Stealing Recipes
Budweiser brewer Anheuser-Busch InBev is accusing rival Molson
Coors Brewing of stealing its secret beer recipes, escalating a
fight that began in February over a Super Bowl ad.
Saudi Aramco Delays Launch of World's Largest IPO
Saudi Aramco has postponed the launch of its initial public
offering, the latest setback for what would be the world's
largest-ever stock market listing.
HBO Max to Stream Studio Ghibli Films
Films from Japanese animation producer Studio Ghibli will be
available on WarnerMedia's new streaming service, HBO Max, in the
spring.
Zuckerberg Rebuffs Calls for Tighter Controls, Says Free Speech Must Be Preserved
In a rare policy speech that could have ramifications for the
U.S. presidential campaign and social movements world-wide, the
Facebook CEO asserted his commitment to free speech over more
aggressive policing of social-media platforms.
IBM's New Hat Doesn't Cover Old Problems
The folks at Red Hat will probably never feel unloved by their
new adoptive parent.
J&J to Pay $117 Million Over Surgical Device Marketing
Johnson & Johnson and its subsidiary Ethicon have reached a
settlement of about $116.9 million with 41 states and the District
of Columbia for allegedly misleading marketing of transvaginal
surgical-mesh devices.
Renault Trims Revenue Outlook as Sales Slow, Costs Rise
Renault cut its revenue and operating-margin guidance for the
year, citing slumping sales outside Europe and higher costs
associated with developing cleaner car models.
(END) Dow Jones Newswires
October 17, 2019 23:15 ET (03:15 GMT)
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