News Highlights: Top Company News of the Day
April 24 2018 - 11:15PM
Dow Jones News
Shire Willing to Tell Shareholders to Accept Takeda's Latest Offer
Shire said it is willing to recommend that shareholders accept
Takeda Pharmaceutical's last-ditch $64 billion takeover bid and
extended the deadline for a possible deal.
Supreme Court Weighs Price-Fixing Case Against Chinese Vitamin C Makers
The Trump administration and the Chinese government squared off
Tuesday at the Supreme Court in a price-fixing case that raised
questions about how U.S. judges should consider legal submissions
by foreign governments.
Wynn Resorts Swings to Loss
Wynn Resorts swung to a loss in its latest quarter after booking
a one-time charge related to a legal settlement that paved the way
for Steve Wynn to sell his stake in the company he co-founded.
Why Wynn Remains a Risky Bet
Steve Wynn has left the firm he founded, but the risks from his
legacy remain and new management aren't saying and doing the right
things to reduce them.
What About Bob? Behind the Leadership Drama Holding Up a Viacom-CBS Deal
The fate of a Viacom-CBS merger is turning on one key question:
What about Bob? That is, will CBS Chief Executive Leslie Moonves
accept Viacom CEO Bob Bakish as his No. 2 and likely successor in a
combined company?
Sinclair to Sell TV Stations in Bid to Secure Tribune Deal Approval
Sinclair Broadcast Group Inc. has reached deals to sell 23
television stations in 18 markets as it works to get regulators to
sign off on its purchase of Tribune Media Co.
Apple Takes a Step on Payment of Back Taxes to Ireland
Apple Inc. completed an agreement with Ireland that will allow
it to transfer roughly about EUR13 billion into a Dublin escrow
account, in a step toward complying with a European Commission
order to pay back taxes.
Harvested Facebook Data Didn't Prove Useful, App Developer Says
Aleksandr Kogan, developer of the app that harvested data on
millions of Facebook users and was shared with Cambridge Analytica,
told U.K. lawmakers that the data wasn't useful for microtargeting
ads.
Pebblebrook Boosts Its Bid for LaSalle Hotel Properties
Lodging REIT Pebblebrook Hotel Trust has revised its bid for
LaSalle Hotel Properties, boosting the price and the potential cash
payout percentage amid talk of competition from other potential
bidders.
Wells Fargo Directors Win Easily Despite Criticisms
Wells Fargo re-elected all of its directors at its annual
meeting, but shareholders still complained about CEO Timothy Sloan
and executive pay.
(END) Dow Jones Newswires
April 24, 2018 23:00 ET (03:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.