News Highlights: Top Company News of the Day
December 05 2016 - 5:30AM
Dow Jones News
Italy Vote May Put Heavy Pressure on Banks
The vote against a popular referendum is likely to stir fresh
turmoil for Italy's banks, with pressure growing in particular on
troubled lender Banca Monte dei Paschi di Siena SpA.
RBS Settles Dispute With Three Shareholder Groups
Royal Bank of Scotland Group said it would pay up to GBP800
million ($1.02 billion) to settle claims with shareholder groups
over allegations that it misled them in the lead up to an emergency
rights issue during the financial crisis
Italian 'No' Vote Sends Shivers Through Banking Sector
The resounding 'No' vote in Italy's constitutional referendum is
set to lead to short-term political uncertainty which could
complicate efforts to strengthen the country's embattled banking
sector.
IBM CEO Joins Trump Business-Policy Advisers
Ginni Rometty, CEO of IBM, a company criticized by
President-elect Donald Trump for moving jobs overseas, was named as
one of 16 business leaders who will advise Mr. Trump as he
implements his plan to stem the outflow of U.S. jobs.
Apple Signals Interest in Self-Driving Software
Apple confirmed for the first time its interest in
autonomous-vehicle technology, but it remains unlikely the company
will design or build a complete car.
Exxon CEO Now a Contender for Secretary of State
President-elect Donald Trump widens the circle of candidates for
the nation's top diplomatic job, a list that now includes Exxon CEO
Rex Tillerson.
Trump Warns Another U.S. Company
Donald Trump criticized Rexnord for its plans to move a factory
from Indianapolis to Mexico, the second time the president-elect
has pressed an attack against a U.S. company set to shift
production abroad.
Pratt & Whitney Union Members Approve Five-Year Contract
Workers at jet-engine maker Pratt & Whitney ratified a
five-year contract Sunday, avoiding a potential labor dispute when
the company is trying to increase production of new engines for
commercial airliners.
Cheung Kong Bids $5.4 Billion for Australia's Duet Group
Cheung Kong Infrastructure has bid about $5.4 billion for
Australian pipeline operator and power distributor Duet Group, in
another attempt by Hong Kong billionaire Li Ka-shing to strengthen
his company's position in the country.
Bloomberg Expands Effort to Curb Tobacco Use World-wide
Former New York City mayor and billionaire philanthropist
Michael Bloomberg has spent hundreds of millions of dollars of his
fortune over the past decade fighting tobacco use in the developing
world. Now, with cigarette use declining globally, he is deepening
his campaign.
(END) Dow Jones Newswires
December 05, 2016 05:15 ET (10:15 GMT)
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