News Highlights: Top Company News of the Day
March 24 2017 - 9:30AM
Dow Jones News
Goldman Veteran Poached by Private-Equity Firm
A Goldman Sachs partner who oversaw the bank's business of
packaging mortgages and other consumer loans for sale to investors
is leaving for an investing arm of San Francisco-based buyout shop
TPG.
Trump Administration Grants Permit to TransCanada for Keystone Pipeline
The Trump administration has signed a presidential permit for
TransCanada to build Keystone XL, bringing the oil pipeline closer
to fruition more than a year after former President Barack Obama
blocked its construction.
Wal-Mart Acquires Niche Sites, to the Dismay of Hipsters
Wal-Mart is rapidly buying up hip, small online retailers that
appeal to wealthier shoppers in hopes of finally taking on Amazon.
The deals give Wal-Mart access to new groups of shoppers, but some
have balked at the change.
Credit Suisse Chief Gets Pay Bump Despite Loss in 2016
Credit Suisse increased its bonus pool by 6% in 2016 to over $3
billion, despite posting a sizable loss.
Theranos Offers Shares for Promise Not to Sue the Company
A deal approved by Theranos's board would give investors who
pledge not to sue the battered blood-testing company some shares
from founder Elizabeth Holmes's personal stake.
Air Products & Chemicals Walks Away From Bid for Yingde Gases
Industrial gas maker Air Products & Chemicals Inc. backed
away from its bid to buy China's Yingde Gases Group Co.
Samsung's Restructuring Plan Faces Challenges
Samsung Electronics' chief executive said that officials see
challenges in restructuring the sprawling Samsung conglomerate,
with a continuing review revealing "adverse implications" to
switching to a holding-company structure.
Lotte Chairman Plans Anew for Hotel-Business IPO
Lotte Group Chairman Shin Dong-bin will revive plans for a
public listing of Hotel Lotte after next year, as he plots a new
approach to restructuring one of South Korea's most complex
business empires.
ProShares Doesn't Want to Pay Schwab to Sell Its ETFs
ProShare Advisors LLC has pulled out of an agreement to sell
some of its ETFs through a Charles Schwab Corp. distribution system
that offers commission-free online trades to consumers.
How to Beat Tesla? Mercedes and BMW Take Different Roads
Mercedes-maker Daimler has outperformed BMW in recent years, but
the companies' contrasting electric-vehicle strategies could mark a
new turning point.
(END) Dow Jones Newswires
March 24, 2017 09:15 ET (13:15 GMT)
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