News Highlights: Top Company News of the Day
September 19 2017 - 05:30PM
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.
Ford Trims Production at Five Plants as U.S. Sales Slow
Ford Motor Co. said it would temporarily idle production lines
at five North American plants, including three in the U.S., the
latest in a series of moves by U.S. auto makers to cope with
slowing vehicle sales and rising industry capacity.
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.
Boeing 'Unlikely' to Deliver First Tanker in 2017
Boeing is unlikely to meet its target of delivering the first of
a new fleet of aerial refueling tanker jets by the end of the year,
according to a person familiar with the military program.
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.
Mark Walter Considers Stepping Down as CEO of Guggenheim
Guggenheim Partners's Mark Walter has told colleagues he is
considering ceding his post as chief executive while remaining the
financial firm's chairman.
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.
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.
(END) Dow Jones Newswires
September 19, 2017 17:15 ET (21:15 GMT)
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