News Highlights : Top Company News of the Day

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05/19/2017 | 09:15 pm


JBS Executive Says He Illegally Paid Millions to Brazil Leaders



The chairman of meatpacking giant JBS has told prosecutors he made millions of dollars of illegal payments to Brazilian President Michel Temer and his predecessors, Dilma Rousseff and Luiz Inácio Lula da Silva.




Deere Shares Jump as South American Equipment Demand Improves



Farm-machinery maker Deere & Co. raised its profit forecast for this year by 33% on booming demand in South America, an unexpectedly rosy outlook that sent shares in agricultural equipment and supply companies up sharply.




Fiat Chrysler Plans Emissions Modifications on Diesel SUVs, Trucks



Fiat Chrysler Automobiles NV plans to modify more than 100,000 diesel-powered vehicles in an attempt to resolve allegations it installed software that allowed them to pollute beyond U.S.legal limits.




Uber Threatens to Fire Self-Driving Car Executive



Uber threatened to fire Anthony Levandowski, the top driverless-car engineer at the center of its legal battle with Google parent Alphabet, if he doesn't comply with a court order to turn over any files that he might have.




SK Hynix, Bain to Join in Bid for Toshiba Chip Business



South Korean chip maker SK Hynix and U.S. private-equity firm Bain Capital plan to bid between $9 billion and $13.5 billion for more than half of Toshiba's memory-chip business.




Steward Health Care to Buy Iasis Healthcare for $1.9 Billion



Hospital operator Steward Health Care System will acquire Iasis Healthcare for $1.9 billion, roughly doubling to 36 the number of hospitals it will operate.




AT&T Wireless Store Workers Begin Weekend Strike



Thousands of AT&T Inc. employees walked off the job Friday afternoon, starting a three-day protest to demand more protections for retail workers, call-center staffers and technicians.




Creditors Seek to Force Owner of World's Largest Lead Producer Into Bankruptcy



A group of bondholders led by hedge fund GoldenTree Asset Management is trying to force EB Holdings II, owner of the world's largest lead producer, into bankruptcy.




Vietnam's First Female Billionaire Pilots Budget Airline Past State-Owned Rival



VietJet used to be best known for its rather un-Marxist promotional gimmick of flying bikini-clad models on its airplanes. But it is now soaring under the leadership of Nguyen Thi Phuong Thao, passing state-owned behemoth Vietnam Airlines in market capitalization.




Oprah's Star Money Manager Moves On



Oprah Winfrey's money manager, Peter Adamson, has stepped down as chief investment officer of her family office to take on that role for another Los Angeles-area billionaire, Eric Smidt.






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