News Highlights: Top Company News of the Day
Four Drug Firms Reach Deal Averting Opioid Trial in Ohio
AmerisourceBergen, Cardinal Health, McKesson and Teva have
reached a $260 million settlement to avoid a trial seeking to blame
them for fueling the opioid crisis.
Boeing Shares Fall as Lawmakers, Regulators Press Company
Investors are selling off shares in Boeing Co. as the plane
manufacturer continues to face intense questions from regulators
and elected officials about its safety practices and its grounded
737 MAX planes.
Investor Group Increases Bid for Owner of Saks
Hudson's Bay moved closer to exiting the public markets after an
investor group raised its offer for the owner of Saks Fifth Avenue,
which has grappled with shifts in the retail landscape.
Halliburton Profit Falls, Revenue Misses Expectations
Oilfield services company Halliburton said its profit fell to
$295 million, or 34 cents a share, as revenue declined 10% amid
softness in its North America business.
Wells Fargo Finally Has a CEO. Here's What He Has to Do.
Charles Scharf, who previously ran Bank of New York Mellon and
Visa, starts Monday as CEO of Wells Fargo. Big changes could
Exxon's Climate-Change Accounting Goes on Trial
The trial, which begins Tuesday in state court in Manhattan, is
the culmination of a sprawling investigation that spanned four
years and three New York attorneys general.
Barrick Prepares to Restart Gold Mining in Tanzania
Barrick is poised to restart gold mining in Tanzania after the
company agreed to pay $300 million to the African country and share
ownership and other benefits at its three local mines.
GM Strike Continues, Deepening Pain Felt by Midwest Workers, Firms
With the GM strike stretching into a second month, the impact is
intensifying across the Midwest economy, hitting more businesses
and auto-parts suppliers reliant on GM's U.S. factories for
BHP Signs Renewables Deal in Chile
BHP Group has signed four new renewable-power agreements to meet
energy demand for its Chilean copper operations and will record a
roughly US$780 million provision linked to the cancellation of
existing coal contracts.
HSBC's Stand-In Weathers Storms in Bid for Top Job
HSBC started 2019 with a chief executive poised for growth and
focused on making its 238,000 employees the "best version of
themselves." It is ending the year with a new boss cutting
thousands of jobs, culling clients and putting businesses on the
(END) Dow Jones Newswires
October 21, 2019 11:15 ET (15:15 GMT)
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