News Highlights: Top Company News of the Day
17 August 2017 - 11:15PM
Dow Jones News
Mylan Settles EpiPen Medicaid Overcharge Claims for $465 Million
Mylan agreed to pay $465 million to settle federal government
claims that it overcharged the Medicaid program by millions of
dollars for its EpiPen products.
Wal-Mart Sales Rise as Retailer Dodges Industry Malaise
Wal-Mart Stores Inc.'s sales rose in the latest quarter, boosted
by an e-commerce surge and strong grocery sales, a sign that the
world's largest retailer continues to brush off the malaise
afflicting some competitors.
Trump Threatened to Kill AT&T-Time Warner Deal, But It's Very Much Alive
The government review of AT&T's $85 billion takeover of Time
Warner has reached an advanced stage, a sign that Donald Trump's
campaign-trail complaints about media concentration and his disdain
for CNN haven't gummed up the vetting process.
Alibaba's Net Income, Revenue Surge on Growth in Online Sales
The Chinese e-commerce giant's efforts to expand product
offerings and leverage big-data assets-all aimed at getting
consumers and advertisers to spend more-appear to be working.
Bank of America to Pay $6 Million to Bankrupt Couple Evicted From Home
Bank of America Corp. has agreed to pay more than $6 million to
a California couple whom a federal judge said had been harassed and
illegally foreclosed upon, ending an eight-year-long dispute.
Wisconsin Assembly Expected to Approve Tax Incentives for Foxconn
The Wisconsin State Assembly will vote Thursday on a $3 billion
tax-incentive package for Taiwan's Foxconn Technology Group to
build a display-panel plant in the state.
Uber Wins Ruling on 'Terms of Service' Agreements
A federal court found that Uber Technologies customers sign over
their rights to sue in court when they click to agree to the
ride-hailing company's terms of service, which include a provision
requiring arbitration.
MassMutual to Sell Asian Unit to Jack Ma-Backed Company
Massachusetts Mutual Life Insurance Co. agreed to sell its Hong
Kong-based operations for about $1.7 billion to a group of Asian
investors that includes two companies affiliated with Chinese
billionaire Jack Ma.
GM Reaches Deal With 'Old GM' Trust on Ignition-Switch Defense Costs
General Motors has reached an agreement with the trust set up to
oversee its bankruptcy claims that likely thwarts lawyers' efforts
to extract an additional $1 billion from GM to settle claims
stemming from faulty ignition switches.
Elliott Management Wants Energen to Explore Sale Options
Elliott Management has built a big position in Energen Corp., a
natural-gas company already under pressure from another activist to
sell itself. The hedge fund owns a stake between 4% and 5% and is
joining with Corvex Management LP to urge a sale.
(END) Dow Jones Newswires
August 17, 2017 17:00 ET (21:00 GMT)
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