News Highlights: Top Company News of the Day
Fiat Chrysler Recalls Over 700,000 SUVs Amid Brake Issues
Fiat Chrysler Automobiles said it is recalling 709,837 sport-utility vehicles sold in North America with a potential braking defect stemming from a previous recall three years ago.
Warburg Pincus to Sell $1.2 Billion of Asian Assets to Secondhand Buyers
Warburg Pincus selling a roughly $1.2 billion slice of Asian investments from one of its funds to secondhand buyers, said people familiar with the matter, a move that demonstrates how private-equity firms are using secondary market deals to reshape their portfolios and return cash to investors.
Hollywood Trade Group Finds Some Chinese Cinemas Fudging Box-Office Figures
Hollywood is being shortchanged by millions of dollars at China's box office, according to a recent audit for the Motion Picture Association of America.
Big Tobacco to Spend Millions on Self-Critical Ads in U.S.
Makers of Marlboro, Camel to buy prime-time TV spots, newspaper ads with 'corrective' messages, as part of settlement in long-running legal case
Ashish Thakkar to Leave African Banking Group He Co-Founded
Atlas Mara co-founder Ashish Thakkar is leaving the group, and other officials are also departing, to make way for directors being installed by new shareholder Fairfax Africa.
Facebook Estimates 10 Million Users Saw Russian-Backed Ads
Facebook Inc. on Monday said it estimates 10 million people saw ads it has discovered on its platform paid for by Russian entities, but warned that it may not have uncovered all malicious activity that attempted to interfere in the American political process.
Chernin to Court Sports Bettors With New Data and Analysis Service
Betting on sports isn't legal in most of the U.S., but that isn't stopping entrepreneurs from building a new digital media platform that will be solely dedicated to the practice.
Citi's Lehman Settlement Closes Door on 2008 Post-Mortem
Citigroup will hand over $1.74 billion to walk away from disputes with now-defunct Lehman Brothers, a deal that cuts short an autopsy of the banks' crisis-era derivative-trading practices.