News Highlights: Top Company News of the Day
July 16 2018 - 9:15PM
Dow Jones News
Ford Agrees to Pay $299.1 Million to Resolve Air-Bag Lawsuit
Ford has agreed to pay at least $299.1 million to resolve a
class-action lawsuit over its use of defective Takata airbag
inflaters in more than 6 million vehicles.
Warren Buffett Donates $3.4 Billion of Berkshire Hathaway Stock to Charities
Berkshire Hathaway Inc. Chairman Warren Buffett has donated
shares valued at $3.4 billion to five foundations, marking another
round in his pledge to donate most of his wealth to charities and
philanthropic endeavors.
New Research Prompts Selloff in Companies Using Crispr Technology
Shares of companies developing therapies using the gene-editing
technology Crispr declined Monday following the publication of
research suggesting Crispr could cause far more extensive DNA
damage than previously thought.
Amazon Website Hit With Glitches as Shoppers Seek Prime Day Deals
Amazon's website and mobile application were plagued by outages
as the online retail giant kicked off its annual sales event, Prime
Day.
Netflix Shares Skid as Subscriber Growth Misses Its Mark
Netflix registered more than a million fewer subscribers than it
expected in the second quarter, a sign that the streaming-video
site's strong momentum may be slowing. Shares fell 14% in
after-hours trading.
Former Energy XXI CEO Settles SEC Probe Over Hidden Loans, Perks
The former chief executive of offshore oil and gas driller
Energy XXI settled an investigation into more than $10 million in
undisclosed loans he took from contractors and a portfolio manager
at the firm's largest shareholder.
Allied Universal Buying U.S. Security Associates for About $1 Billion
Allied Universal, a provider of facility services and security
backed by Wendel, Warburg Pincus and Partners Group, agreed to
acquire U.S. Security Associates from Goldman Sachs Merchant
Banking Division.
Boeing and Airbus Land $43 Billion Worth of Airliner Orders
The deals boost pressure on both plane makers to ramp up
production further even as supply-chain bottlenecks that have
hampered output this year.
Whirlpool Wanted Washer Tariffs. It Wasn't Ready for a Trade Showdown.
Trade barriers can ricochet through an economy in ways even
proponents don't expect, as shown by washers, among the first
consumer products targeted. The protection against overseas
competitors has been more than negated by subsequent metals
tariffs. Prices are up and demand is softening.
FCC Head Has Concerns With Sinclair-Tribune Media Deal
A top federal communications regulator said he had "serious
concerns" about Sinclair Broadcast's $3.9 billion acquisition of
Tribune Media.
(END) Dow Jones Newswires
July 16, 2018 21:00 ET (01:00 GMT)
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