News Highlights: Top Company News of the Day
July 26 2017 - 7:15AM
Dow Jones News
A School's Dilemma: How to Spend Its Snap IPO Millions
A $15,000 investment in Snapchat's parent five years ago turned
into $34 million for Saint Francis High School in March. But then
the real challenge began: how to spend the money.
Amazon Plans Job Fair for 50,000 Positions
The event, scheduled for Aug. 2, comes as Amazon.com is
jockeying with other logistics companies for the same small pool of
employees ahead of the holiday-shopping season.
U.S. Shale Threatens Chemical Element of Aramco's IPO
An expected surge in U.S. petrochemicals output challenges one
of the main pillars of the energy giant's plans to list.
Ryanair Willing to Pay to Keep Cash in Banks
Ryanair CFO Neil Sorahan says airline will keep its cash pile in
deposits, despite negative interest rates.
Time Inc. Explores Sale of U.K. Magazine Division
Time Inc. has hired an investment bank to explore a possible
sale of its Time Inc. UK division and is in early-stage discussions
with potential buyers, according to a person familiar with the
situation.
Trump Tower Mumbai Plays Up Connection to President
Promotional materials for the Trump Tower in Mumbai improperly
featured a reference to President Donald Trump, showing how
difficult it is to separate the president from a brand whose value
is based on his name.
Ford Faces Lawsuit Over How it Handled Faulty Transmissions
An Australian regulator is suing Ford Motor regarding a
transmission that caused jerking while accelerating and excessive
noise, the latest legal challenge for global auto makers stemming
from safety concerns.
Fox Faces Lawsuit From Former Executive Accused of Sexual Assault
Francisco Cortes, a former Fox News executive who left the
company after being accused of sexual assault and harassment by an
on-air contributor, has sued the channel's parent, 21st Century
Fox, alleging fraud and breach of contract.
U.S. Audit Regulator Sanctions Hong Kong-Based Accounting Firm
The U.S. government's audit regulator has barred the Hong Kong
affiliate of accounting firm Crowe Horwath from auditing
U.S.-traded companies after the firm refused to cooperate with the
regulator's investigation of its work for a Chinese company.
Former VW Executive to Plead Guilty in Emissions-Cheating Case
Former Volkswagen compliance executive Oliver Schmidt agreed to
plead guilty in the U.S. to criminal charges stemming from his
alleged role in the German auto maker's yearslong emissions
deception.
(END) Dow Jones Newswires
July 26, 2017 07:00 ET (11:00 GMT)
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