News Highlights: Top Company News of the Day
28 Gennaio 2020 - 5:15AM
Dow Jones News
U.S. Drugmakers Ship Antiviral Therapies to China
AbbVie and Johnson & Johnson are among the companies that
have started shipping drugs approved to treat HIV, answering
Chinese authorities' calls to test potential treatments for the
Wuhan coronavirus.
For First Time, J&J CEO Testifies in a Talcum-Powder Court Case
Chief Executive Alex Gorsky testified in court for the first
time in litigation over the safety of Johnson & Johnson's
signature baby powder, saying the company has taken steps to ensure
it is safe to use.
Shkreli, Associate Tried to Block Generic Versions of Drug, Suit Claims
Jailed drug company founder Martin Shkreli and an associate
violated competition laws by working to block rivals from
introducing generic forms of an antiparasite drug, the Federal
Trade Commission and the New York attorney general alleged.
Fairway Market, Hoping to Close Sale, Can Draw on Bankruptcy Loan
A bankruptcy judge gave Fairway Market permission to draw on
part of a bankruptcy loan the New York City grocer needs to keep
its stores running while it tries to clinch a deal to sell
them.
Whirlpool Profits from Higher Prices
Whirlpool said profit increased in the latest quarter after it
raised prices on some appliances, and raw-material cost increases
cooled.
Village Inn, Bakers Square Restaurant Chains File for Bankruptcy
The operator of the Village Inn and Bakers Square restaurant
chains has filed for bankruptcy as it faces pressure from casual
dining brands and larger competitors.
Arconic Considers Job Cuts Due to Boeing 737 MAX Production Halt
Boeing supplier Arconic said it expected to lose $400 million in
sales and could cut jobs this year as a result of the plane maker's
halted production of the 737 MAX.
Regulators Probe Potential Dean Foods Merger
The Justice Department is probing a potential merger between
Dean Foods and the Dairy Farmers of America and the effect it might
have on milk prices.
Planters Pauses Promotion of Mr. Peanut's Super Bowl Funeral After Kobe Bryant Dies
Kraft Heinz's Planters brand apologized for distributing prayer
candles for Mr. Peanut as part of its Super Bowl campaign about the
mascot's death and said it would consider what's next after a
helicopter crash killed Kobe Bryant.
GM Picks Detroit Factory to Build Driverless Shuttle, Electric Trucks
General Motors said it will build a new autonomous vehicle at a
plant in Detroit, solidifying its hometown as a hub of future
technology as it bets big on driverless and electric vehicles.
(END) Dow Jones Newswires
January 27, 2020 23:00 ET (04:00 GMT)
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