News Highlights: Top Company News of the Day
May 24 2018 - 4:30PM
Dow Jones News
Self-Driving Uber That Hit Pedestrian Wasn't Set to Stop in an Emergency
An Uber car involved in a deadly crash in Arizona wasn't
designed to automatically brake in case of an emergency, the
National Transportation Safety Board said.
Deutsche Bank to Cut Thousands of Jobs
Deutsche Bank confirmed plans to cut thousands of jobs, and the
troubled lender's shares fell sharply following an update on
investment-banking strategy.
Macron to Silicon Valley: Embrace Europe's Regulations
French President Emmanuel Macron ratcheted up tensions with U.S.
tech giants calling on them to embrace Europe's regulation of
topics ranging from taxation to privacy to artificial intelligence,
because Washington is failing to do so.
Diageo Calls Time on Seagrams VO and Other Spirits
Diageo is shopping its Canadian whisky brand Seagrams VO and
cinnamon schnapps Goldschlager among others as it looks to pivot
towards higher-growth brands, according to people familiar with the
matter.
Harvey Weinstein to Surrender in New York Sex-Crimes Case
Harvey Weinstein, the veteran Hollywood producer, is expected to
turn himself into authorities Friday in connection with a
sex-crimes investigation conducted by the Manhattan district
attorney's office, according to people familiar with the
matter.
Goldman, Blackstone Make Peace in Credit-Derivative Standoff
Goldman Sachs and Blackstone recently resolved a monthslong
standoff over a controversial derivatives trade that had alarmed
regulators and investors in the $11 trillion credit-default swaps
market.
Pfizer to Pay $24 Million to Settle Probe Into Copay Assistance Charities
Pfizer Inc. has agreed to pay nearly $24 million to resolve
allegations it violated federal law by using a charity to pay
Medicare patients' out-of-pocket costs for the company's
prescription drugs.
Total Doubles Down on Arctic LNG
French oil giant Total signed a deal to take a 10% stake in a
massive Russian gas project, doubling down on controversial efforts
to ship supercooled natural gas from the country's Arctic
peninsula.
Europe to Clinch Cheaper Russian Gas With Gazprom Deal
The European Union settled its multiyear antitrust case against
Gazprom, clinching promises of cheaper natural-gas flows from
Russia as President Trump demands the bloc taps U.S. energy exports
and cuts its dependence on Moscow.
RBC and TD Show Mortgage Strength
Canada's two largest banks are weathering a recent cooling of
the country's housing market. Royal Bank of Canada and Toronto
Dominion Bank reported second-quarter earnings, showing growth in
mortgages and low reserves for potential loan losses
(END) Dow Jones Newswires
May 24, 2018 17:15 ET (21:15 GMT)
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