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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

09/29/2017

 VW Takes New $2.9 Billion Hit From Diesel Scandal 

Volkswagen warned that its third-quarter operating result would take a hit of around $2.94 billion as the company continues to grapple with the fallout of the diesel emissions scandal.

 Amazon Sells $1.6 Million in Whole Foods' Products in First Month 

The e-commerce giant delivered one of the first infusions of cash to the organic grocery chain through its site, providing Whole Foods with the potential for a new mass-market platform and new revenue.

 Eli Lilly Names Joshua Smiley CFO 

Eli Lilly named a new finance chief and announced a number of other executive changes, as the drugmaker contends with layoffs and patent expirations.

 Whole Foods Discloses Data Breach 

Whole Foods said card-payment information of customers who drank and dined in its taprooms and full-service restaurants has been hacked.

 Boeing, FAA Spar Over Lithium-Battery Safety Tests 

Four years after fire-prone batteries temporarily grounded Boeing's 787 airliners, the company is clashing with U.S. regulators over how to prevent similar hazards in the future.

 AbbVie, Amgen Reach Humira Settlement 

Drugmakers AbbVie and Amgen reached a patent-dispute settlement requiring Amgen to wait until 2023 to start selling a lower-priced copy of the world's top-selling drug, AbbVie's arthritis treatment Humira, in the U.S.

 Invesco to Buy Guggenheim ETF Business for $1.2 Billion 

The money manager is broadening its footprint in one of the fastest-growing corners of investing with its purchase of Guggenheim Investments's exchange-traded funds business for $1.2 billion in cash.

 Largest U.S. Banks Get More Time for 'Living Wills' 

U.S. regulators gave eight of the largest U.S. banks more time to file their next "living will" plans describing how they could fail without needing taxpayer assistance.

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