News Highlights: Top Company News of the Day
February 28 2017 - 05:30AM
Dow Jones News
Honda Chases Silicon Valley With New Artificial-Intelligence Center
Honda is creating a research arm focused on artificial
intelligence, an area where car makers are racing against tech
giants and upstarts-and where one of Honda's American advisers says
it risks falling behind.
Apple's Next iPhone Will Have a Curved Screen
Apple has decided to adopt a flexible OLED display for one model
of the new iPhone coming out this year and has ordered sufficient
components to enable mass production.
Snap IPO: A $22 Billion Test for the Unsocial Social Network and Its Elusive Founder
Snap, which this week could become the biggest technology public
offering in years, defiantly operates unlike most Silicon Valley
outfits, where collaboration and wide-open office spaces are
prized. The question is whether this management style and focus on
privacy will help the company challenge the Facebook
juggernaut.
Morgan Stanley Gave Some Wealth-Management Clients Wrong Tax Information
Morgan Stanley said it had given a "significant number" of
wealth-management clients incorrect information that caused some to
underpay and others to overpay their taxes.
Fidelity Drops Online Trading Commissions by 38% to $4.95 Each
Fidelity Investments is slashing what clients pay to trade
certain holdings online by 38%, joining a race to the bottom as
brokerage firms tussle for increasingly cost-focused customers.
Samsung Heir Lee Jae-yong to Be Indicted on Bribery Charges
South Korean prosecutors said they would indict the Samsung
conglomerate's de facto leader Lee Jae-yong on charges of bribery
and four other offenses, setting in motion legal proceedings that
could put the tycoon behind bars for years.
Perrigo to Sell Multiple-Sclerosis Drug Royalties
Pharmaceutical company Perrigo has reached a deal worth up to
$2.85 billion to sell royalties from multiple-sclerosis drug
Tysabri to pharmaceutical investor Royalty Pharma.
SpaceX Proposes Taking Tourists Around the Moon
Elon Musk's SpaceX has proposed taking tourists around the moon
in as soon as two years, touting such missions as the evolution of
public-private partnerships favored by the Trump
administration.
Takata Pleads Guilty to Criminal Wrongdoing, Agrees to Pay $1 Billion
Japanese automotive supplier Takata pleaded guilty to criminal
wrongdoing and agreed to pay $1 billion in penalties for providing
misleading testing reports to auto makers on rupture-prone air bags
installed in millions of vehicles.
Hertz Swings to Loss on Impairment Charges
Hertz Global Holdings Inc. reported a loss in 2016 as it booked
more than $254 million in charges amid continued weakness in its
car-rental business.
(END) Dow Jones Newswires
February 28, 2017 05:15 ET (10:15 GMT)
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