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Home>News Highlights: Top Company News of the Day

News Highlights: Top Company News of the Day

News Highlights: Top Company News of the Day


 Alstom, Siemens Announce Merger to Create European Train Giant 

German industrial giant Siemens agreed to merge its rail operations with French train maker Alstom, aiming to create a European giant with the scale to fight growing competitive threats from state-backed Chinese rivals.

 EU Opens Investigation Into Essilor-Luxottica Merger 

The European Union's antitrust authority said it started an investigation into the proposed merger between Ray-Ban maker Luxottica and optical-lens maker Essilor, which would create a global eyewear colossus.

 Syngenta Seeks to Settle GMO Corn Cases 

Syngenta said it would settle thousands of lawsuits from U.S. farmers who alleged the Swiss agricultural giant's launch of genetically engineered corn seeds cost them money.

 Ford and Lyft Sign Driverless-Car Agreement 

Ford Motor and Lyft said they would develop self-driving vehicles for the ride-hailing service, adding to a growing number of alliances between auto makers and tech companies.

 Uber Threatens to Leave Quebec Over Driver Rules 

Uber Technologies said it will halt service in Canada's Quebec province as soon as Oct. 14 unless regulators reverse a new requirement that drivers undergo training similar to traditional taxi drivers.

 Dyson Says It Is Developing Electric Car 

Dyson, the British technology company known for its high-end vacuum cleaners and ubiquitous hand dryers, said it was developing an electric car to hit roads by 2020 or 2021.

 Corruption Probe Threatens Adidas's U.S. Overhaul 

Adidas's rebranding campaign in the U.S. market suffered a blow after one of the company's executives and an Adidas affiliate were arrested as part of a federal probe into corruption in college basketball.

 TPG Consortium Seeks Buyers for Indonesian Finance Company 

An investor group that includes TPG Capital is looking to sell its controlling stake in one of Indonesia's oldest finance companies, in a deal that could value the company at about $1 billion.

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