News Highlights: Top Company News of the Day
CME Gives Up on CDS Clearing
CME has abandoned its credit-default swap clearing business after it failed to gain traction against its arch-rival.
Canadian Union to Strike at GM SUV Plant
A Canadian union failed to reach an agreement on a new contract with General Motors and its members will strike, threatening to crimp supply of the auto maker's top-selling SUV.
Northrop Grumman Nears Deal to Buy Orbital ATK
Northrop Grumman is nearing a purchase of Orbital ATK, a deal that could be worth upward of $7.5 billion, according to people familiar with the matter.
Snapchat Removes Al Jazeera Channel in Saudi Arabia
Snap Inc. said it received a request from the Saudi Arabian government to block access to Al Jazeera news articles and videos on its Snapchat social-media app to residents in the country.
Lachlan Murdoch Loses Challenge to CBS's Bid for Ten Network
Australian television entrepreneur Bruce Gordon and Lachlan Murdoch, the son of media mogul Rupert Murdoch, have lost a legal bid to thwart the takeover of insolvent Ten Network Holdings Ltd. by U.S. broadcasting giant CBS Corp.
U.K.'s May Drawn Into Spat Between Boeing and Bombardier
When British Prime Minister Theresa May meets on Monday in Ottawa with her Canadian counterpart, Justin Trudeau, the leaders are expected to discuss ways to counter Boeing's claim that Bombardier is selling its new CSeries jet too cheaply in the U.S.
JBS Names José Batista Sobrinho as CEO
Brazilian meatpacking giant JBS named founder José Batista Sobrinho, 84, to replace his jailed son as chief executive Sunday.
'We've Been Breached': Inside the Equifax Hack
The crisis has sent shock waves through the industry, spooked consumers and sparked investigations. A focus for inquiry is a software glitch that appears to be how the intruders got into the company's systems.