News Highlights: Top Company News of the Day
May 25 2017 - 11:30PM
Dow Jones News
UPS, China's S.F. Express Plan Special Delivery Business
United Parcel Service and its largest Chinese counterpart are
planning a joint venture as they look to rising demand for
deliveries from China to the U.S.
Activist Investor's Pressure Builds on BHP Over Energy
The clash between BHP Billiton Ltd. and activist hedge fund
Elliott Management Corp. is narrowing to one issue that could
determine the future of the Anglo-Australian mining giant: Should
it remain in the oil and gas business?
GM Sued by Diesel Truck Owners Over Emissions
General Motors Co. was accused in a lawsuit by owners of
diesel-powered trucks of using illegal emissions software that
allowed the vehicles to bypass government emissions tests and
pollute far beyond legal limits on the road.
Founding Family of AmTrust Financial Invests Additional $300 Million in Insurer
The founding family of AmTrust Financial Services Inc. is
investing an additional $300 million into the insurer following a
steep dive in its shares tied to investor concerns.
Viacom Networks to Return on Suddenlink Communications
Viacom Inc.'s television networks will make at least a limited
return to the lineup of Suddenlink Communications, ending a more
than two-year dispute over costs to carry the media giant's
channels.
Wells Fargo Sweetens Broker Recruitment Bonuses
Wells Fargo & Co. is sweetening its signing bonuses for
veteran brokers, a move to capitalize on Morgan Stanley's and
Merrill Lynch's retreat from the industry's costly recruiting
practice known as "prisoner exchange."
Appian Shares Leap 35% After IPO
Shares of Appian Corp., a maker of software for developing
enterprise applications, jumped 35% to $16.22 after its initial
public offering Thursday.
Take-Two Needs 'Grand Theft Auto' to Keep on Rolling
Delay of "Red Dead Redemption 2" means a four-year old
blockbuster will need to keep selling.
21st Century Oncology Files for Chapter 11 Bankruptcy
21st Century Oncology, a cancer treatment giant, filed for
bankruptcy after reaching an agreement with lenders and bondholders
that would prune half a billion dollars in debt from the company's
balance sheet.
Saudi Aramco Struggles to Disengage From Royal Family's Whims
The kingdom is hoping to launch what would be the world's
largest IPO, but first it has to decide whether the oil giant will
continue as a de facto arm of the monarchy.
(END) Dow Jones Newswires
May 25, 2017 23:15 ET (03:15 GMT)
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