News Highlights: Top Company News of the Day

Date : 01/28/2020 @ 2:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

U.S. Drugmakers Ship Antiviral Therapies to China 

AbbVie and Johnson & Johnson are among the companies that have started shipping drugs approved to treat HIV, answering Chinese authorities' calls to test potential treatments for the Wuhan coronavirus.

For First Time, J&J CEO Testifies in a Talcum-Powder Court Case 

Chief Executive Alex Gorsky testified in court for the first time in litigation over the safety of Johnson & Johnson's signature baby powder, saying the company has taken steps to ensure it is safe to use.

Shkreli, Associate Tried to Block Generic Versions of Drug, Suit Claims 

Jailed drug company founder Martin Shkreli and an associate violated competition laws by working to block rivals from introducing generic forms of an antiparasite drug, the Federal Trade Commission and the New York attorney general alleged.

Fairway Market, Hoping to Close Sale, Can Draw on Bankruptcy Loan 

A bankruptcy judge gave Fairway Market permission to draw on part of a bankruptcy loan the New York City grocer needs to keep its stores running while it tries to clinch a deal to sell them.

Whirlpool Profits from Higher Prices 

Whirlpool said profit increased in the latest quarter after it raised prices on some appliances, and raw-material cost increases cooled.

Village Inn, Bakers Square Restaurant Chains File for Bankruptcy 

The operator of the Village Inn and Bakers Square restaurant chains has filed for bankruptcy as it faces pressure from casual dining brands and larger competitors.

Arconic Considers Job Cuts Due to Boeing 737 MAX Production Halt 

Boeing supplier Arconic said it expected to lose $400 million in sales and could cut jobs this year as a result of the plane maker's halted production of the 737 MAX.

Regulators Probe Potential Dean Foods Merger 

The Justice Department is probing a potential merger between Dean Foods and the Dairy Farmers of America and the effect it might have on milk prices.

Planters Pauses Promotion of Mr. Peanut's Super Bowl Funeral After Kobe Bryant Dies 

Kraft Heinz's Planters brand apologized for distributing prayer candles for Mr. Peanut as part of its Super Bowl campaign about the mascot's death and said it would consider what's next after a helicopter crash killed Kobe Bryant.

GM Picks Detroit Factory to Build Driverless Shuttle, Electric Trucks 

General Motors said it will build a new autonomous vehicle at a plant in Detroit, solidifying its hometown as a hub of future technology as it bets big on driverless and electric vehicles.


(END) Dow Jones Newswires

January 27, 2020 21:15 ET (02:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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