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News Highlights : Top Company News of the Day

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05/26/2017 | 09:16am CEST
Activist Investor's Pressure Builds on BHP Over Energy 

The clash between BHP Billiton Ltd. and activist hedge fund Elliott Management Corp. is narrowing to one issue that could determine the future of the Anglo-Australian mining giant: Should it remain in the oil and gas business?

UPS, China's S.F. Express Plan Special Delivery Business 

United Parcel Service and its largest Chinese counterpart are planning a joint venture as they look to rising demand for deliveries from China to the U.S.

GM Sued by Diesel Truck Owners Over Emissions 

General Motors Co. was accused in a lawsuit by owners of diesel-powered trucks of using illegal emissions software that allowed the vehicles to bypass government emissions tests and pollute far beyond legal limits on the road.

Founding Family of AmTrust Financial Invests Additional $300 Million in Insurer 

The founding family of AmTrust Financial Services Inc. is investing an additional $300 million into the insurer following a steep dive in its shares tied to investor concerns.

Viacom Networks to Return on Suddenlink Communications 

Viacom Inc.'s television networks will make at least a limited return to the lineup of Suddenlink Communications, ending a more than two-year dispute over costs to carry the media giant's channels.

Wells Fargo Sweetens Broker Recruitment Bonuses 

Wells Fargo & Co. is sweetening its signing bonuses for veteran brokers, a move to capitalize on Morgan Stanley's and Merrill Lynch's retreat from the industry's costly recruiting practice known as "prisoner exchange."

Appian Shares Leap 35% After IPO 

Shares of Appian Corp., a maker of software for developing enterprise applications, jumped 35% to $16.22 after its initial public offering Thursday.

Take-Two Needs 'Grand Theft Auto' to Keep on Rolling 

Delay of "Red Dead Redemption 2" means a four-year old blockbuster will need to keep selling.

21st Century Oncology Files for Chapter 11 Bankruptcy 

21st Century Oncology, a cancer treatment giant, filed for bankruptcy after reaching an agreement with lenders and bondholders that would prune half a billion dollars in debt from the company's balance sheet.

Saudi Aramco Struggles to Disengage From Royal Family's Whims 

The kingdom is hoping to launch what would be the world's largest IPO, but first it has to decide whether the oil giant will continue as a de facto arm of the monarchy.

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