News Highlights: Top Company News of the Day
May 19 2017 - 1:30PM
Dow Jones News
Deere Shares Jump as Demand Improves
Deere sharply raised its sales growth and profit forecasts for
this year as the world's largest farm-equipment manufacturer said
it saw modestly higher demand.
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.
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.
AT&T Wireless Store Workers Threaten Weekend Strike
Thousands of AT&T employees prepared to walk off the job
this weekend to demand more protections for retail workers,
call-center staffers and technicians.
Creditors Seek to Force Owner of World's Largest Lead Producer Into Bankruptcy
A group of bondholders led by hedge fund GoldenTree Asset
Management is trying to force EB Holdings II, owner of the world's
largest lead producer, into bankruptcy.
Vietnam's First Female Billionaire Pilots Budget Airline Past State-Owned Rival
VietJet used to be best known for its rather un-Marxist
promotional gimmick of flying bikini-clad models on its airplanes.
But it is now soaring under the leadership of Nguyen Thi Phuong
Thao, passing state-owned behemoth Vietnam Airlines in market
capitalization.
Vistra Energy Makes Takeover Approach to Dynegy
Some of Vistra's owners see a tie-up as a way to increase
investor awareness and trading volume in the stock, which could
make it easier for them to sell equity they received in the
bankruptcy restructuring.
Chinese Brokerage Sealand Hit With Underwriting Ban
The China Securities Regulatory Commission barred Guangxi-based
Sealand Securities from underwriting bonds for a year over a
forged-stamps scandal that rattled the industry in December.
(END) Dow Jones Newswires
May 19, 2017 13:15 ET (17:15 GMT)
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