News Highlights: Top Company News of the Day
January 22 2019 - 11:30PM
Dow Jones News
Viacom Acquires Video-Streaming Service Pluto TV
The move to purchase Pluto TV for $340 million will allow Viacom
to increase the digital audience for its programming.
Walgreens to Pay $269 Million in Federal Overbilling Suit
The drugstore chain will pay the U.S. and several state
governments for improperly charging health programs for insulin
pens and drug reimbursements, federal authorities said.
IBM Beats Earnings Expectations Although Its Revenue Again Declines
IBM's revenue fell 3.5% in the latest quarter, a second
consecutive quarterly drop that underscores significant challenges
the tech giant faces in recapturing growth.
U.K. Regulator Launches Second Investigation Into KPMG Over Carillion Audit
A U.K. audit watchdog is investigating KPMG over documents it
submitted related to an audit of Carillion, the construction firm
that collapsed a year ago after it failed to restructure its
debts.
Accel Returns to Market Seeking $2.5 Billion for Three Funds
Founded in 1983 and one of Silicon Valley's original
venture-capital firms, Accel is aiming to stick to its existing
strategy, raising about as much as it did in the 2016 fundraising
cycle.
Hedge Fund Drops Proxy Battle With Chemicals Maker Ashland
New York-based hedge fund Cruiser Capital Advisors LLC is
abandoning its proxy fight with Ashland Global Holdings Inc. after
the specialty-chemicals manufacturer struck a deal last week with
investor Neuberger Berman Group LLC.
Judge Gives iHeartMedia Green Light to Exit Bankruptcy
A bankruptcy court judge confirmed iHeartMedia's restructuring
plan that allows the company to slash its debt load and hand over
control to a group of bondholders.
PE Executives to Get Rusal Holding Company Votes in Sanctions Deal
Two private-equity executives were among the three people chosen
to exercise voting rights on certain shares of EN+ Group that will
be relinquished as part of a deal to remove U.S. sanctions on the
company.
Colony Capital Nears Deal to Buy Abraaj's Latin American Business
Colony Capital is nearing a deal to take over the Latin American
operations of troubled Dubai-based private-equity firm Abraaj
Group, according to people familiar with the matter.
Meritor's Maremont Seeks Bankruptcy Protection Over Asbestos Litigation
Former auto-parts maker plans to set up $50 million fund to help
pay personal injury claims dating back decades
(END) Dow Jones Newswires
January 22, 2019 23:15 ET (04:15 GMT)
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