News Highlights: Top Company News of the Day
July 24 2017 - 11:30PM
Dow Jones News
Barnes & Noble Is Urged to Sell Itself
Barnes & Nobel is being pushed to sell itself by Sandell
Asset Management, which says the beleaguered bookseller could
benefit from fresh investment.
Sony Restructures Television Unit
Sony Pictures Entertainment has restructured its television
production unit in the wake of two top executives departing last
month to oversee's push into creating original content.
J.C. Penney Picks Former Darden, Wal-Mart Executive for CFO Role
J.C. Penney Co. named Jeffrey Davis its new finance chief
Monday, an external hire with experience in the retail and
restaurant industries.
Daimler Gets a Foothold in China's Self-Driving Car Market
Mercedes-Benz parent Daimler AG is investing in a Chinese
self-driving startup, in another instance of a Western auto maker
seeking out a Chinese partner to get a foothold in a challenging
market.
AbbVie Ordered to Pay $150 Million in AndroGel Lawsuit
A federal-court jury in Chicago ordered drugmaker AbbVie to pay
$150 million in punitive damages to an Oregon man after finding the
company liable for fraudulent misrepresentations about the safety
of the testosterone-replacement therapy AndroGel, according to
court records.
Visual-Effects Company Sues Another Two Movie Studios
Rearden LLC on Monday sued Twentieth Century Fox, Paramount
Pictures and videogame publisher Square Enix Inc. in federal
district court in San Francisco.
Google Parent Posts Strong Ad Growth, But Earns Less for Each Click
Google parent Alphabet said its advertising business continued
to hum, but its fastest-growing segments-mobile and YouTube
advertising-are less lucrative than desktop ads.
Wells Fargo Discloses Accidental Client-Data Release
Wells Fargo accidentally released confidential information on
tens of thousands of the bank's wealth-advisory clients, the latest
misstep as it works to recover from last year's cross-selling
scandal.
U.K. Opens Corruption Probe in Rio Tinto in Guinea
The U.K.'s Serious Fraud Office said Monday it opened an
investigation into suspected corrupt activities by mining giant Rio
Tinto in Guinea.
NXP Semiconductors CFO Leaves for Applied Materials
The chief financial officer of NXP Semiconductors is leaving
after three years to serve in the same role at a company that
provides manufacturing equipment to the semiconductor industry.
(END) Dow Jones Newswires
July 24, 2017 23:15 ET (03:15 GMT)
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