News Highlights: Top Company News of the Day
July 24 2017 - 7:15PM
Dow Jones News
Alphabet's Profit Dragged Lower by Hefty EU Fine
Google parent Alphabet's quarterly profit fell because of a fine
from European regulators, but other metrics show the company's
massive ad business continues to hum.
Samsung Releases Arthritis Drug in First Step Into U.S. Pharmaceuticals
South Korea's Samsung conglomerate, best known for its
smartphones and televisions, will make available in the U.S. its
lower-price copy of Johnson & Johnson's blockbuster arthritis
drug Remicade.
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.
Daimler Invests in Beijing-Based Self-Driving Startup Momenta
Mercedes-Benz parent Daimler AG is investing in a Chinese
self-driving startup, in another instance of a Western auto maker
seeking out a Chinese partner to get a foothold in a challenging
market.
Wells Fargo Discloses Accidental Client-Data Release
Wells Fargo accidentally released confidential information on
tens of thousands of the bank's wealth-advisory clients, the latest
misstep as it works to recover from last year's cross-selling
scandal.
Telecom Italia CEO Departs Amid Vivendi Tensions
Telecom Italia on Monday said Chief Executive Flavio Cattaneo
has resigned, amid mounting tensions with shareholder Vivendi.
U.K. Opens Corruption Probe in Rio Tinto in Guinea
The U.K.'s Serious Fraud Office said Monday it opened an
investigation into suspected corrupt activities by mining giant Rio
Tinto in Guinea.
Time Looks to Sell Majority Stake in Essence
Time Inc. is looking to sell a majority stake in Essence, the
first big move by the publisher since it decided against selling
the entire company this spring.
Visual-Effects Company Sues Another Two Movie Studios
Rearden LLC on Monday sued Twentieth Century Fox, Paramount
Pictures and videogame publisher Square Enix Inc. in federal
district court in San Francisco.
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.
(END) Dow Jones Newswires
July 24, 2017 19:00 ET (23:00 GMT)
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