News Highlights: Top Company News of the Day
June 23 2017 - 2:31PM
Dow Jones News
Uber Scrambles to Prevent Exodus Amid Office Turmoil
Uber's senior managers have been urging its more than 15,000
employees to stick around and see how the embattled company
reinvents itself after the ouster of its CEO.
Glencore Raises Offer for Rio Tinto's Australian Coal Assets
Glencore said it has submitted a sweetened all-cash offer of
$2.68 billion for Rio Tinto's Australian coal assets, days after
its previous attempt to scotch an acquisition from a Chinese suitor
was rejected.
Samsung Makes Play for Drug Market With Version of Blockbuster Humira
A Samsung group arm is on track to win European regulatory
approval for a near-replica version of the world's top-selling
drug, rheumatoid-arthritis treatment Humira.
BlackBerry Revenue Falls Amid Shift to Software
BlackBerry Ltd. stock plunged 11% in Friday trading after the
company posted a steep drop in quarterly revenue as it continues to
shift focus to its burgeoning software business.
Delta Plans to Expand Reach in Asia with Korean Air Partnership
Delta Air Lines Inc. said it will create a trans-Pacific joint
venture with Korean Air Lines Co., as the U.S. carrier rapidly
builds out its international route network.
American Airlines Bid Puts Qatar Airways' Chief in New Role: Raider
Akbar Al Baker, the Qatar carrier's sometimes abrasive CEO,
isn't backing down from his bid for a stake in American Airlines
despite opposition from the target's chief, its pilots and
unions.
Harley-Davidson Discussing Purchase of Ducati From VW
Harley-Davidson is in talks to buy Ducati Motor Holding from
Germany's Volkswagen in a deal that could bring together two of the
most storied motorcycle names and pave the way for further
divestments by the German car maker.
Untapped Blockbuster Disease? Drugmakers Race to Devise a Cure
The next frontier for multibillion-dollar drug therapies is a
silent disease many people don't know they have. Dozens of
companies are developing treatments for the fatty-liver disease
known as NASH.
Content Recommendation Firm Outbrain Lays Off 4% of its Workforce
Outbrain, best known for placing sponsored links on publishers'
websites, has laid off 4% of its roughly 600-person global
workforce.
Weibo Gets in Beijing's Way
Investors need to consider the political risk faced by China's
version of Twitter.
(END) Dow Jones Newswires
June 23, 2017 15:16 ET (19:16 GMT)
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