News Highlights: Top Company News of the Day
26 April 2017 - 7:30AM
Dow Jones News
Fox News Host Joins Racial-Bias Suit
An African-American on-air host for Fox News, Kelly Wright, has
joined a group of current and former employees suing the cable
channel and some of its senior executives for alleged racial
discrimination.
Palantir Pays $1.7 Million to Settle Discrimination Suit
Palantir Technologies has agreed to pay $1.7 million to settle a
Labor Department lawsuit alleging that the data-mining firm
discriminated against Asians in hiring.
Perrigo Reaches Agreement With Auditor Over Royalty Accounting
Ernst & Young demanded the Dublin drugmaker adjust its
accounting for the multiple sclerosis drug Tysabri after Perrigo
sold the royalty rights in a deal worth as much as $2.85
billion.
SunEdison Wins Court Approval for $640 Million in New Financing
A bankruptcy judge on Tuesday helped keep SunEdison's chapter 11
case on track by approving a $640 million financing package the
company says it must have to continue operating.
BHP Billiton Cuts Annual Coking Coal, Copper Guidance
A lengthy strike at a mine in Chile and cyclone damage to rail
lines in eastern Australia dented BHP Billiton's output in the last
quarter, prompting it to scale back annual targets for coking coal
and copper.
Capital One Earnings Fall as Charge-Offs Increase
Capital One Financial Corp. reported a 20% drop in first-quarter
net income from a year earlier as losses jumped for U.S. credit
cards and the bank took a bigger provision charge for credit
losses.
América Móvil's Profit Jumps on Exchange Gains
Telecommunications company América Móvil SAB increased its net
profit nearly eightfold in the first quarter on solid revenue
growth and a rebound in the Mexican peso against the U.S. dollar
that led to hefty foreign exchange gains.
Twitter Earnings: What to Watch
Twitter Inc. is scheduled to report first-quarter results before
the market opens on Wednesday. Here are the key points to
watch.
AT&T Continues to Lose Subscribers
AT&T Inc. continued to shed wireless and television
subscribers in the first quarter of the year as cheaper data plans
and cord cutting took a toll.
Verizon, AT&T in Billion-Dollar Bidding War for 5G Spectrum
Verizon Communications has topped AT&T's offer for Straight
Path Communications, sparking a bidding war over a tiny company
that controls a swath of wireless airwaves thought to be at the
forefront of next-generation networks.
(END) Dow Jones Newswires
April 26, 2017 01:15 ET (05:15 GMT)
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