News Highlights: Top Company News of the Day
April 24 2017 - 4:30PM
Dow Jones News
PPG Raises Bid for Akzo Nobel to $26.4 Billion
Paints giant PPG raised its offer for Dutch rival Akzo Nobel to
$26.4 billion, the U.S. firm's third takeover attempt in a
two-month long, unsolicited courtship.
Arconic Delays Annual Meeting, Considers Adding Two Elliott Directors
Arconic extended an olive branch to activist investor Elliott
Management as it seeks to end a lengthy battle for control of the
company that has turned personal and cost its top executive his
job.
MetLife Asks Court to Delay Ruling on Its 'Systemically Important' Label
MetLife Inc. on Monday asked an appeals court to delay ruling on
a case involving federal oversight of the company pending a review
by the Trump administration of the Financial Stability Oversight
Council.
Fed, FDIC Say Wells Fargo 'Remediated Deficiencies' in 2015 Living Will
The Federal Deposit Insurance Corp. and the Federal Reserve on
Monday said Wells Fargo & Co. is back on track for its
living-will regulatory assessment.
Hasbro Passes Mattel in Sales for First Time Since 2000
After years of trailing behind Mattel, Hasbro passed its rival
in quarterly revenue for the first time since 2000, highlighting
the diverging fortunes of the two toy makers.
Energy Firms' Financing for Russian Gas Pipeline Stokes EU Fears
European energy firms pledged to pay for half the cost of a
natural-gas link from Russia to Germany, supporting a controversial
pipeline that is fueling tensions within the European Union.
For Aramco Insiders, Prince's $2 Trillion IPO Valuation Doesn't Add Up
Officials working on taking the state-owned oil company public
have struggled to come up with a scenario under which Saudi Aramco
is worth more than $1.5 trillion, according to people familiar with
the matter.
Ivanka Trump Clothes Sold Under Different Label
Ivanka Trump clothing was sold at discount retailer Stein Mart
under the label of a different designer, the latest controversy
surrounding Ms. Trump's brand
Halliburton Helped by Drilling Boost in U.S.
Stepped-up drilling for oil in the U.S. may have global
producers on edge about oversupply, but the increased activity in
the domestic energy sector is a boon for oil-field services firm
Halliburton Co.
GM Loses Bid to Limit Fallout From Ignition-Switch Cases
The U.S. Supreme Court denied General Motors' request to review
a lower-court ruling that gave some victims' families the power to
sue over defective ignition switches, leaving the company exposed
to billions of dollars in potential new claims.
(END) Dow Jones Newswires
April 24, 2017 17:15 ET (21:15 GMT)
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