News Highlights: Top Company News of the Day
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.
Merck Abandons New Hepatitis C Drugs
Merck & Co. is halting development of new hepatitis C treatments after reviewing their effectiveness and determining an abundance of treatments, including its own drug, Zepatier, were already available.
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.
Elon Musk Proposes Making Hypersonic Airliners
The SpaceX chief sketched out ways to use space travel technology to whisk passengers to any destination around the globe in less than an hour.
What Barclays Should Do to Win Back Shareholder Love
Banks need a good story to explain what they are about. Barclays wants to tell a tale of growth, but its audience is struggling to suspend its disbelief.