News Highlights: Top Company News of the Day
October 21 2019 - 1:15PM
Dow Jones News
Four Drug Firms Reach Deal Averting Opioid Trial in Ohio
AmerisourceBergen, Cardinal Health, McKesson and Teva have
reached a $260 million settlement to avoid a trial seeking to blame
them for fueling the opioid crisis.
Netflix Movies Could Use More Thumbs Up
Netflix is readying a box-office assault, but the streaming
giant could use fewer misfires.
Boeing Shares Fall as Lawmakers, Regulators Press Company
Investors are selling off shares in Boeing as the plane
manufacturer continues to face intense questions from regulators
and elected officials about its safety practices and its grounded
737 MAX planes.
Adidas Executive Behind Beyoncé, Kanye West Deals to Leave
Eric Liedtke had helped jump-start the sportswear maker's
lagging U.S. sales through work with music stars
Venezuela Can Afford Payment to Keep Control of Citgo, Creditor Lawyer Says
Venezuela can afford to make a payment to bondholders next week,
avoiding a $913 million debt default that would cost the country
control of Citgo Petroleum Corp., according to a lawyer for
creditors circling the Houston-based refiner.
Peter Thiel's Founders Fund Builds New War Chest in Strategy Shift
Peter Thiel's venture-capital firm is raising nearly $3
billion-and in a switch from the company's usual script, much of
the war chest will be poured into the swelling ranks of technology
startups that have stayed private for years.
Investor Group Increases Bid for Owner of Saks
Hudson's Bay moved closer to exiting the public markets after an
investor group raised its offer for the owner of Saks Fifth Avenue,
which has grappled with shifts in the retail landscape.
Halliburton Profit Falls, Revenue Misses Expectations
Oilfield services company Halliburton said its profit fell to
$295 million, or 34 cents a share, as revenue declined 10% amid
softness in its North America business.
Wells Fargo Finally Has a CEO. Here's What He Has to Do.
Charles Scharf, who previously ran Bank of New York Mellon and
Visa, starts Monday as CEO of Wells Fargo. Big changes could
follow.
Exxon's Climate-Change Accounting Goes on Trial
The trial, which begins Tuesday in state court in Manhattan, is
the culmination of a sprawling investigation that spanned four
years and three New York attorneys general.
(END) Dow Jones Newswires
October 21, 2019 13:00 ET (17:00 GMT)
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