News Highlights: Top Company News of the Day
May 19 2017 - 07:15PM
Dow Jones News
JBS Executive Says He Illegally Paid Millions to Brazil Leaders
The chairman of meatpacking giant JBS has told prosecutors he
made millions of dollars of illegal payments to Brazilian President
Michel Temer and his predecessors, Dilma Rousseff and Luiz InĂ¡cio
Lula da Silva.
Ford Awards Several Top Executives One-Time Retention Bonuses
Ford Motor Co. has awarded one-time retention bonuses to four
top executives, a move that comes as the No. 2 U.S. auto maker
battles a languishing stock price, profit pressure and cooling
sales in its core U.S. market.
AT&T Wireless Store Workers Begin Weekend Strike
Thousands of AT&T Inc. employees walked off the job Friday
afternoon, starting a three-day protest to demand more protections
for retail workers, call-center staffers and technicians.
Ron Burkle's Americold Explores Sale or IPO
Americold, a big owner of temperature-controlled warehouses
backed by investor Ron Burke, is exploring a sale or IPO, according
to people familiar with the matter.
Deere Shares Jump as South American Equipment Demand Improves
Farm-machinery maker Deere & Co. raised its profit forecast
for this year by 33% on booming demand in South America, an
unexpectedly rosy outlook that sent shares in agricultural
equipment and supply companies up sharply.
Fiat Chrysler Plans Emissions Modifications on Diesel SUVs, Trucks
Fiat Chrysler Automobiles NV plans to modify more than 100,000
diesel-powered vehicles in an attempt to resolve allegations it
installed software that allowed them to pollute beyond U.S.legal
limits.
Virginia Man Charged In Fake Fitbit Takeover Offer
A Virginia man was arrested Friday on charges of inflating the
stock price of Fitbit Inc. last year while profiting from the
temporary run-up in the company's share price.
Uber Threatens to Fire Self-Driving Car Executive
Uber threatened to fire Anthony Levandowski, the top
driverless-car engineer at the center of its legal battle with
Google parent Alphabet, if he doesn't comply with a court order to
turn over any files that he might have.
SK Hynix, Bain to Join in Bid for Toshiba Chip Business
South Korean chip maker SK Hynix and U.S. private-equity firm
Bain Capital plan to bid between $9 billion and $13.5 billion for
more than half of Toshiba's memory-chip business.
Steward Health Care to Buy Iasis Healthcare for $1.9 Billion
Hospital operator Steward Health Care System will acquire Iasis
Healthcare for $1.9 billion, roughly doubling to 36 the number of
hospitals it will operate.
(END) Dow Jones Newswires
May 19, 2017 19:00 ET (23:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.