News Highlights: Top Company News of the Day
December 05 2016 - 9:15AM
Dow Jones News
RBS Settles Dispute With Three Shareholder Groups
Royal Bank of Scotland said it would pay up to $1.02 billion to
settle claims with shareholder groups over allegations that it
misled them in the lead up to an emergency rights issue during the
financial crisis
Volkswagen Takes on Uber-Again
Six months after investing in one Uber competitor, the German
automotive giant has launched another.
Italy Vote Increases Pressure on Banks
Italian bank stocks tumbled after voters rejected constitutional
reforms, stirring fresh turmoil in the nation's battered financial
sector and possibly culminating in the nationalization of troubled
lender Banca Monte dei Paschi.
Norwegian Air Shuttle May Open Two U.S. Bases Next Month
European budget carrier Norwegian Air Shuttle could set up two
new U.S. bases as early as next month after Washington approved the
airline's longstanding but contentious application to expand its
service.
Samsung, Hyundai Chiefs to Be Questioned as Scandal Roils Korea
The heads of South Korea's biggest conglomerates face
questioning beginning Tuesday on their close ties with government
officials, as an investigation into a political scandal encircling
the president reaches more of the country's top corporate
names.
Startup Din Struggled to Stay Afloat
Meal-kit maker Din made $1.5 million in 2015 selling meal
subscriptions to its service, which provided ingredients and
recipes inspired by popular San Francisco restaurants. Din closed
Oct. 21, unable to break even while working to win back
customers.
Tyson Launches Venture-Capital Fund
Tyson Foods is starting a $150 million venture-capital fund to
invest in high-tech products and services that could help refresh
its stable of products, which include chicken, hot dogs and
hamburgers.
Automotive Tech Flying Off the Lot
Panasonic's potential deal for leading automotive headlight
maker ZKW Group is the latest in a growing frenzy for putting high
tech in cars.
IBM CEO Joins Trump Business-Policy Advisers
Ginni Rometty, CEO of IBM, a company criticized by
President-elect Donald Trump for moving jobs overseas, was named as
one of 16 business leaders who will advise Mr. Trump as he
implements his plan to stem the outflow of U.S. jobs.
Apple Signals Interest in Self-Driving Software
Apple confirmed for the first time its interest in
autonomous-vehicle technology, but it remains unlikely the company
will design or build a complete car.
(END) Dow Jones Newswires
December 05, 2016 09:00 ET (14:00 GMT)
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