News Highlights: Top Company News of the Day
January 17 2017 - 7:30PM
Dow Jones News
With Reynolds Deal, BAT Looks to U.S. for Growth
British American Tobacco agreed to take full control of Reynolds
in a $49.4 billion deal that marks renewed interest among
international players in the U.S. tobacco market.
Federal Trade Commission Files Antitrust Lawsuit Against Qualcomm
The Federal Trade Commission sued Qualcomm, alleging the chip
maker engaged in unlawful tactics to maintain its monopoly on a
semiconductor device used in cellphones.
Morgan Stanley Posts Biggest Fourth-Quarter Profit Since Crisis
Morgan Stanley posted its best fourth-quarter results since the
financial crisis, keeping a lid on expenses and growing revenue in
both its core Wall Street businesses and its newer wealth
franchise.
Deutsche Bank Completes $7.2 Billion Mortgage Security Settlement With U.S.
Deutsche Bank completed a $7.2 billion deal to resolve U.S.
claims that it misled investors on mortgage securities it sold
before the 2008 financial crisis, authorities said.
Allergan Admits to Disclosure Violations During Valeant Bid
Allergan will pay $15 million in fines and admit to disclosure
violations during a hostile takeover bid from Valeant
Pharmaceuticals.
Exxon Mobil Expands Permian Basin Footprint
Exxon Mobil is the latest company to expand in Texas' red-hot
Permian basin, announcing a deal Tuesday to buy companies owned by
the Bass family for $5.6 billion in stock and up to $1 billion in
additional payments.
Wal-Mart Touts Plan to Create U.S. Jobs, in Nod to Trump
America's largest retailer said it plans to create about 10,000
U.S. jobs this year, touting job growth in the country ahead of
Donald Trump's inauguration.
UnitedHealth's Revenue, Profit Tops Forecasts
UnitedHealth Group Inc. reported a 56% increase in profit in the
latest quarter, with results fueled by growth in its core insurance
unit and its Optum health-services arm, as well as reduced impact
from its money-losing Affordable Care Act business.
Hewlett Packard Enterprise to Buy SimpliVity for $650 Million
Hewlett Packard Enterprise Co. agreed to buy SimpliVity for $650
million, enhancing its position in what Silicon Valley calls
"hyperconverged" technology.
GM Confirms $1 Billion U.S. Investment Plan
General Motors confirmed it will invest an extra $1 billion in
its U.S. manufacturing operations and will bring in house some
production now being done by a supplier in Mexico.
(END) Dow Jones Newswires
January 17, 2017 19:15 ET (00:15 GMT)
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