News Highlights: Top Company News of the Day
January 16 2017 - 8:15PM
Dow Jones News
GM Plans at Least $1 Billion in Fresh U.S. Investment
General Motors this week will announce plans to invest at least
$1 billion across several U.S. factories, two people familiar with
the plan said.
Noble Energy to Buy Oil and Gas Company Clayton Williams
Noble Energy will pay $2.7 billion to buy Clayton Williams
Energy in a deal that will give it a combined 120,000 acres of
oil-rich property in West Texas.
Rolls-Royce Holdings said it had settled a longstanding
corruption probe with U.S., British and other authorities at a cost
of more than $800 million.
How a Growth Push Derailed a Big Lender to Small Businesses
CAN Capital, the online lender to small businesses, turned
profits for years before most digital competitors opened. But it
stumbled in the past year after chasing new firms' rapid growth
rates.
Big Pharma's Newest Headache: Rival Drugmakers
The world's best-selling drugs face new competition.
Lenovo Thought It Knew How to Fix Tarnished Brands-Then It Bought Motorola
Success with a deal for IBM personal computers led China's
Lenovo to underestimate the difficulty of reviving smartphone
company Motorola Mobility. "We underestimated the differences of
the culture and the business model," says the CEO.
Essilor, Luxottica to Create $49 Billion Eyewear Giant
Luxottica, maker of Ray-Ban, has agreed to a merger with French
optical-lens maker Essilor, placing its Italian founder at the helm
of a globe-spanning colossus with brands gracing European catwalks
and California beaches.
Zohar CLO Funds Sue Lynn Tilton
The Zohar investment funds at the heart of Lynn Tilton's $2.5
billion distressed-debt empire sued their founder, accusing Ms.
Tilton of pillaging more than $1 billion from investors and the
companies she manages.
Ringling Bros. Shutdown: The End of the Circus Industry?
For generations, the Ringling Bros. and Barnum & Bailey
circus proved itself an enduring family entertainment, a show so
popular that its self-proclaimed status as "The Greatest Show on
Earth" was simply accepted as a matter of fact.
Australia Utility Duet Accepts Takeover Worth Nearly $5.5 Billion
Australian utility Duet Group has agreed to a takeover bid worth
nearly $5.5 billion from Hong Kong tycoon Li Ka-shing's Cheung Kong
Infrastructure.
(END) Dow Jones Newswires
January 16, 2017 21:00 ET (02:00 GMT)
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