News Highlights: Top Company News of the Day
October 24 2017 - 05:30AM
Dow Jones News
Novartis May Still Spin Off Alcon, but Not Before 2019
The Swiss pharmaceutical giant has delayed a possible spin off
of its eyecare division Alcon until the first half of 2019, amid
signs of a turnaround in the ailing business.
Amazon Says 238 Places Want to Host Its New Headquarters
Amazon said it received 238 proposals from cities and regions
across North America to host its second headquarters.
Sears Stops Selling Whirlpool Appliances
Sears Holdings Corp. will no longer sell Whirlpool Corp.
appliances after a pricing dispute and changing market dynamics
fractured a partnership that stretched back more than a
century.
Whirlpool Cuts Guidance, Citing Rising Costs
Whirlpool Corp. shares fell sharply in after-hours trading
Monday after the appliance maker issued a profit warning, blaming
rising costs.
Sony's Pet Project, a New Robot Dog, to Be Unleashed Soon
Sony is planning next spring to roll out a dog-shaped pet robot
similar to its discontinued Aibo with updated components that could
allow it to control home appliances, people familiar with the
matter said.
Dividend Fears Take Toll on GE Shares
Shares of General Electric took another pounding, reflecting
investor fears that a conglomerate that was once the bluest of blue
chips faces challenges daunting enough to force a dividend cut.
NYSE Monitor Accuses Wedbush Securities of Supervisory Deficiencies
The watchdog of the New York Stock Exchange has accused Wedbush
Securities Inc. and co-founder Edward Wedbush of violating multiple
exchange policies and federal securities laws concerning
record-keeping and supervisory protocols.
VW Wins Approval for Diesel-Emissions Fixes
Volkswagen AG won approval from U.S. and California
environmental regulators for fixes to more than 38,000
diesel-powered vehicles rigged to dupe emissions tests.
Aker BP Buys Hess Assets
The joint venture formed by Norway's Aker and BP has bolstered
its presence on the Norwegian Continental Shelf with the $2 billion
acquisition of Hess Norge.
BASF Profit Soars on Chemicals Growth
Germany's BASF reported a sharp rise in third-quarter net
profit, due in part to the strong performance of its chemicals
division, which benefited from increased sales volumes and
significantly higher sales prices, particularly in Asia.
(END) Dow Jones Newswires
October 24, 2017 05:15 ET (09:15 GMT)
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