News Highlights: Top Company News of the Day
September 19 2017 - 3:30PM
Dow Jones News
Walgreens Finally Gains Approval for Rite Aid Deal
Walgreens Boots Alliance received regulatory approval for its
deal to buy nearly 2,000 stores from Rite Aid but only after the
number of stores to be purchased was again trimmed to allay
antitrust concerns.
Fiat Chrysler Recalls Nearly a Half-Million Trucks on Fire Risk
Fiat Chrysler issued a recall for nearly a half-million Ram
pickup and work trucks to fix faulty pumps that could cause
overheating and engine fires.
Best Buy Sets Five-Year Plan for Sales and Cost-Cutting
Best Buy Co. set a modest sales forecast for the next five years
and said it won't cut costs as deeply as it has in years past, a
shift it said focuses on long-term growth and investments.
Post Holdings to Buy Bob Evans Packaged Food Business
Post Holdings agreed to acquire Bob Evans Farms in a cash deal
valued at $1.5 billion, the latest in a series of acquisitions by
the cereal maker.
Toys 'R' Us Bankruptcy Poses Challenge for Toy Makers
The bankruptcy filing of Toys 'R' Us ends weeks of uncertainty
for the toy industry while creating a new challenge for toy makers
just ahead of the busy holiday season.
Nvidia's Gains Are Real, Not Virtual
Virtual money got real enough for Nvidia of late. But investors
are right to focus on the chip maker's more tangible
opportunities.
Progressive Reports Hurricane Harvey Linked to 90% of Total Catastrophe Losses in August
Progressive Corp. swung to a loss in August, the company
reported Tuesday, with Hurricane Harvey more than tripling the
insurer's catastrophe losses in the period compared to last
year.
Jefferies Profit More Than Doubles
Jefferies Group reported sizable increases in revenue and profit
as its investment-banking business had its best quarter yet.
Judge to Reconsider NextEra-Oncor Breakup Fee
A bankruptcy judge said he would reconsider the approval of
NextEra Energy's $275 million breakup fee for its failed attempt to
take over Energy Future Holdings's Oncor power-transmission
business.
Volvo Now Plans to Invest $1 Billion in Its First U.S. Plant
Swedish auto maker Volvo is doubling its investment in its first
U.S. plant to a total of $1 billion, a bet that its nascent
comeback in the U.S. market has staying power.
(END) Dow Jones Newswires
September 19, 2017 15:15 ET (19:15 GMT)
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