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.
ECB: Eurozone Bank Lending to Companies Hits Eight-Year High
Bank lending to private companies in the eurozone accelerated in August to an eight-year high.
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.