News Highlights: Top Company News of the Day
July 24 2017 - 11:30AM
Dow Jones News
KKR to Buy WebMD in $2.8 Billion Deal
KKR has reached a deal to buy WebMD Health Corp. for $2.8
billion. The New York-based health-information provider had been
running an auction after publicly putting itself in play earlier
this year.
Samsung Releases Lower-Cost Alternative to J&J's Drug Remicade
South Korea's Samsung conglomerate, best known for its
smartphones and televisions, will make available on Monday in the
U.S. its lower-price copy of Johnson & Johnson's blockbuster
rheumatoid-arthritis drug Remicade
Apple Supplier Foxconn Looks at Producing Display Panels in Wisconsin
Taiwan's Foxconn Technology Group, which assembles Apple's
iPhones, is nearing a decision to invest in Wisconsin and could
hold an event in Washington, D.C., as soon as this week to discuss
U.S. investment plans.
Telecom Italia CEO Said to Be Leaving Amid Vivendi Tensions
Telecom Italia is set to announce the departure of Chief
Executive Flavio Cattaneo, after mounting tensions with shareholder
Vivendi, according to people familiar with the matter.
Alphabet Earnings: What to Watch
Google parent Alphabet Inc. is scheduled to announce
second-quarter earnings after the market closes Monday. Here's what
you need to know.
HNA Group Questions Bank of America's Stance on Working With the Company
Chinese conglomerate HNA Group has told Bank of America that it
is surprised by reports that the bank no longer wishes to do
business with the group, and has asked for clarification on the
bank's stance, according to a letter viewed by The Wall Street
Journal.
Arconic Raises Sales Outlook
Arconic Inc. said its second-quarter earnings rose as the
aerospace- and automotive-parts maker worked to cut costs. The
company also raised its full-year performance outlook.
NXP Semiconductors CFO Leaves for Applied Materials
The chief financial officer of NXP Semiconductors is leaving
after three years to serve in the same role at a company that
provides manufacturing equipment to the semiconductor industry.
Uber Rival Grab's Fundraising Values It at $6 Billion
Singapore-based GrabTaxi is raising $2.5 billion in Southeast
Asia's largest startup-fundraising round to date, as the
ride-hailing firm tries to battle Uber.
Caterpillar Earnings: What to Watch
Caterpillar will report second-quarter earnings Tuesday.
Investors will be watching for signs of a recovery in a number of
mining and construction markets and growth in Chinese demand.
(END) Dow Jones Newswires
July 24, 2017 11:15 ET (15:15 GMT)
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