News Highlights: Top Company News of the Day
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Zuckerberg Rebuffs Calls for Tighter Controls, Says Free Speech Must Be Preserved
In a rare policy speech that could have ramifications for the U.S. presidential campaign and social movements world-wide, the Facebook CEO asserted his commitment to free speech over more aggressive policing of social-media platforms.
Renault Trims Revenue Outlook, Sending Shares Sharply Lower
Renault cut its revenue and operating-margin guidance for the year, citing slumping sales outside Europe and higher costs associated with developing cleaner car models.
Saudi Aramco Delays Launch of World's Largest IPO
Saudi Aramco has postponed the launch of its initial public offering, the latest setback for what would be the world's largest-ever stock market listing.
Bondholders Take Aim at PG&E's $11 Billion Wildfire Insurance Deal
Creditors of PG&E Corp. attacked a proposed $11 billion settlement of insurance claims surrounding California wildfires, saying it would give the bankrupt utility too much control over the restructuring process.
AT&T in Talks to Resolve Elliott Management's Activist Campaign
AT&T is in talks with Elliott Management to resolve the activist investor's campaign for change at the phone and media giant, people familiar with the matter said.
Talks to Settle Opioid Lawsuits Intensify
Drug companies and state and local governments are racing to cut a deal in landmark opioid litigation, with talks set to continue before a federal judge that could settle more than 2,500 lawsuits for tens of billions of dollars.
Bud Brewer Accuses MillerCoors of Stealing Recipes
Budweiser brewer Anheuser-Busch InBev is accusing rival Molson Coors Brewing of stealing its secret beer recipes, escalating a fight that began in February over a Super Bowl ad.
IBM's New Hat Doesn't Cover Old Problems
The folks at Red Hat will probably never feel unloved by their new adoptive parent.
J&J to Pay $117 Million Over Surgical Device Marketing
Johnson & Johnson and its subsidiary Ethicon have reached a settlement of about $116.9 million with 41 states and the District of Columbia for allegedly misleading marketing of transvaginal surgical-mesh devices.
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