News Highlights : Top Company News of the Day

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05/19/2017 | 11:15 pm

JBS Executive Says He Illegally Paid Millions to Brazil Leaders

The chairman of meatpacking giant JBS has told prosecutors he made millions of dollars of illegal payments to Brazilian President Michel Temer and his predecessors, Dilma Rousseff and Luiz Inácio Lula da Silva.

Ford Awards Several Top Executives One-Time Retention Bonuses

Ford Motor Co. has awarded one-time retention bonuses to four top executives, a move that comes as the No. 2 U.S. auto maker battles a languishing stock price, profit pressure and cooling sales in its core U.S. market.

AT&T Wireless Store Workers Begin Weekend Strike

Thousands of AT&T Inc. employees walked off the job Friday afternoon, starting a three-day protest to demand more protections for retail workers, call-center staffers and technicians.

Ron Burkle's Americold Explores Sale or IPO

Americold, a big owner of temperature-controlled warehouses backed by investor Ron Burke, is exploring a sale or IPO, according to people familiar with the matter.

Deere Shares Jump as South American Equipment Demand Improves

Farm-machinery maker Deere & Co. raised its profit forecast for this year by 33% on booming demand in South America, an unexpectedly rosy outlook that sent shares in agricultural equipment and supply companies up sharply.

Fiat Chrysler Plans Emissions Modifications on Diesel SUVs, Trucks

Fiat Chrysler Automobiles NV plans to modify more than 100,000 diesel-powered vehicles in an attempt to resolve allegations it installed software that allowed them to pollute beyond limits.

Virginia Man Charged In Fake Fitbit Takeover Offer

A Virginia man was arrested Friday on charges of inflating the stock price of Fitbit Inc. last year while profiting from the temporary run-up in the company's share price.

Uber Threatens to Fire Self-Driving Car Executive

Uber threatened to fire Anthony Levandowski, the top driverless-car engineer at the center of its legal battle with Google parent Alphabet, if he doesn't comply with a court order to turn over any files that he might have.

SK Hynix, Bain to Join in Bid for Toshiba Chip Business

South Korean chip maker SK Hynix and U.S. private-equity firm Bain Capital plan to bid between $9 billion and $13.5 billion for more than half of Toshiba's memory-chip business.

Steward Health Care to Buy Iasis Healthcare for $1.9 Billion

Hospital operator Steward Health Care System will acquire Iasis Healthcare for $1.9 billion, roughly doubling to 36 the number of hospitals it will operate.

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