News Highlights: Top Company News of the Day
December 07 2016 - 5:30AM
Dow Jones News
Credit Suisse Trims Targets but Says Revamp Is Working
Credit Suisse Group sought to reassure skeptics that the Swiss
bank's overhaul is on track thanks in part to deeper cost cuts,
even as it lowered profit targets issued last year.
Apple Supplier Foxconn Plans Expansion in U.S.
Foxconn Technology Group, which manufactures Apple's iPhone and
other products, is in talks to expand in the U.S., though the size
and scope of any investment hasn't been determined.
SoftBank Chief's Trump Meeting Fuels Hopes of Megadeal
Shares of Japanese telecom giant SoftBank rose 6.2% after CEO
Masayoshi Son met Donald Trump, reviving hopes for a megadeal in
the U.S.
Shell, Total Eye Iran Deals Despite Uncertainty Over Trump
Shell and Total are set to sign deals to develop Iranian oil
fields, according to the country's oil ministry, suggesting energy
companies won't let Donald Trump's pledge to undo the Iran nuclear
deal deter them from investing.
South Korea to Slap Fine, File Criminal Complaints Against VW
South Korea's trade regulator will file criminal complaints
against Volkswagen and five of its executives and impose a heavy
fine on the German auto maker over advertising claims that its cars
met emissions regulations.
AT&T CEO: Time Warner Deal Would 'Disrupt' Cable TV Model
AT&T Inc. Chairman Randall Stephenson plans to tell senators
Wednesday his company's deal with Time Warner Inc. will "disrupt"
the long-established cable TV model in ways that will benefit
consumers, according to his prepared testimony.
Boeing Becomes Latest Company to Draw Trump's Ire
President-elect Donald Trump suggested the U.S. government
should cancel a planned order with Boeing for a new version of Air
Force One, making the aircraft maker the latest company to come
under scrutiny by the incoming commander-in-chief.
Glitches Delayed Sale of New Ford F-150 Pickup Trucks
Ford Motor Co. delayed by about one month the sale of thousands
of new F-150 pickup trucks with improved towing capability and
efficiency due to glitches with an advanced 10-speed
transmission.
Tesla Recalls Some Charging Adapters After Overheating
Tesla Motors Inc., the electric car company, is recalling
certain charging adapters after two customers experienced units
that overheated.
TerraForm's Loss Narrows Sharply in First Quarter
TerraForm Power, which is trying to disentangle itself from
bankrupt parent company SunEdison, reported a sharply narrower loss
for the first three months of the year.
(END) Dow Jones Newswires
December 07, 2016 05:15 ET (10:15 GMT)
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