News Highlights: Top Company News of the Day
December 05 2016 - 1:15PM
Dow Jones News
General Mills to Cut Up to 600 Jobs Amid Restructuring
General Mills said between 400 and 600 jobs would be eliminated
in a restructuring as the struggling food giant works to adapt to
changing food trends and prepare for an eventual new leader.
Ford Taps Debt Markets
Ford Motor is seeking to raise about $2 billion in new long-term
financing for the automotive business, as the company tapped debt
markets for the first time in nearly four years to fund a core
auto-making operation looking to invest in new technologies.
Liberty Mutual to Buy Ironshore
Liberty Mutual Insurance said Monday it reached a deal to buy
property and casualty insurer Ironshore Inc. in a deal valued at
about $3 billion, as Liberty seeks to grow its specialty lines
operations.
Amazon Grocery Store Concept to Open in Seattle in Early 2017
Amazon.com Inc. said Monday it plans to open Amazon Go, its
first small-format grocery store, to the public early next year in
its hometown of Seattle.
BHP Billiton Wins Trion Oil Field Bid
Australia's BHP Billiton won the bidding to join with Mexican
state oil company PetrĂ³leos Mexicanos in the Trion oil field in the
Gulf of Mexico, in the first award of several auctions of
deep-water oil blocks Monday.
Under Armour Signs Deal to Supply MLB Uniforms
Under Armour signed its first deal to supply uniforms for a
major professional sports league, inking a 10-year deal with Major
League Baseball that begins with the 2020 season.
Deloitte's Brazil Affiliate Fined $8 Million
The Brazil affiliate of accounting firm Deloitte Touche Tohmatsu
agreed Monday to pay $8 million to settle a U.S. regulator's
allegations it issued false audit reports and tried to cover it
up.
Hotel-Search Firm Plans IPO of Up to $428 Million
Travel B.V., which plans to change its name to Trivago, provided
details of its planned initial public offering of as much as $428
million in American depositary shares.
UniCredit in Talks to Sell Pioneer Investment Unit to Amundi
UniCredit has entered exclusive talks with Amundi about the sale
of Pioneer Investments, in a deal that could also deliver the
Italian bank a special dividend of up to $853 million.
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
(END) Dow Jones Newswires
December 05, 2016 13:00 ET (18:00 GMT)
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