News Highlights: Top Company News of the Day

Date : 10/21/2019 @ 3:30PM
Source : Dow Jones News

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 follow.

 
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 work.

 
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 block.

 
 

(END) Dow Jones Newswires

October 21, 2019 11:15 ET (15:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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