News Highlights: Top Company News of the Day
October 18 2017 - 3:15AM
Dow Jones News
Mitsubishi Maps Out Road to Recovery After Fuel-Economy Scandal
Mitsubishi Motors will plow billions of dollars into its
business as it seeks to update factories, reinvigorate a stagnant
product lineup and return to growth after a fuel-economy
scandal.
Baidu Plans Fully Self-Driving Bus in China Next Year
Chinese search giant Baidu Inc. is pushing aggressively ahead
with autonomous vehicles, its chief executive said, including plans
to release a fully self-driving bus in China next year.
Qualcomm Says NXP Deal on Track, As it Accelerates in Driverless Tech
Qualcomm Inc. said its $39 billion acquisition of NXP
Semiconductors NV is on schedule to close by the end of the year,
paving the way for it to be a major player in autonomous
driving.
Entrepreneurs Eye Africa As Tech's Next Frontier
Two entrepreneurs working in Africa said the continent is one of
the few remaining frontiers for the technology industry-but that's
changing.
Technology Key to Solving Urban Inefficiencies, Cisco Says
Cities can more efficiently conduct parking, waste management,
commuting and energy consumption, to name a few, all through the
use of technology including connected sensors, said Cisco CEO Chuck
Robbins
SEC Sues Rio Tinto, Two Former Executives
U.S. regulators sued Rio Tinto and two former top executives
over claims they misled investors about the value of Mozambique
coal assets obtained in an acquisition that caused massive losses
for the company.
BHP Sells Some Shale Acreage in Mixed Output Quarter
BHP Billiton Ltd. said work is under way to exit its U.S.
onshore oil-and-gas assets, after it sold a small portion of its
Hawkville shale acreage in Texas in the recent quarter.
Samsung Predicts Tech Will Next Transform the Home
Samsung Electronics Co. is betting that the next domain to be
transformed by technology will be the home, and it is increasingly
investing in artificial intelligence and software startups to
stitch together a network of smart appliances.
Handelsbanken Shrugs Off Brexit Concerns
Handelsbanken reported an 8.6% drop in third-quarter net profit,
in line with forecasts, and shrugged off any concerns surrounding
the U.K.'s withdrawal from the EU.
The Other Brother: Bob Weinstein Was an Abusive Boss
Bob Weinstein hasn't been accused of the kind of sexual
misconduct that led to the ouster of his brother from the
production company they jointly ran. Instead, according to multiple
former employees and business associates, he was a volatile and
bullying executive.
(END) Dow Jones Newswires
October 18, 2017 03:00 ET (07:00 GMT)
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