News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Anthem Ends Cigna Pursuit, Plans to Seek Damages

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The $48 billion tie-up of health insurance companies has ended after a Delaware judge ruled Thursday that Cigna could walk away from the deal

Goldman's Investment Bankers Follow Their Own Advice

Goldman Sachs is splitting its investment bankers who focus on healthcare and consumer and retail companies into two groups with separate leaders.

Citi Names Leaders for New Credit-Markets Group

Citigroup Inc. has tapped Mickey Bhatia and Carey Lathrop to be co-heads of a new group spanning credit trading and securitization, key cogs in its sprawling and growing fixed-income business.

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J.C. Penney Ekes Out Adjusted Profit

J.C. Penney eked out a surprise profit on an adjusted basis in the first quarter although revenue came in under expectations.

Talk About Big-Box Retailing: Amazon Pushes to Sell Furniture is making a major push into furniture and appliances, including building at least four massive warehouses focused on fulfilling and delivering bulky items. Furniture is one of the fastest-growing segments of U.S. online retail.

JBS Said to Be Target of Brazil Police Investigation

Brazil's federal police are investigating meatpacker JBS as part of a probe into financing provided by state-owned development bank BNDES, according to a person close to the company.

Fiat Chrysler Recalls 1.2 Million Ram Pickup Trucks

Fiat Chrysler Automobiles NV on Friday issued a recall for an estimated 1.2 million Ram pickup trucks in North America to fix a glitch in safety system sensors, linking the problem to one death and two injuries.

Lilly's New Migraine Drug Shows Positive Results

Eli Lilly & Co. said it will seek regulatory approval of a migraine drug this year after seeing positive results from late-stage studies, raising hopes for a new class of treatments for the debilitating headaches.

Whole Foods Faces Specter of Long Investor Fight

Whole Foods Market sought to head off a shareholder fight by naming new board members. But it may nonetheless find itself in a protracted fight with activist investors who remain skeptical the additions will create the change they have demanded.

Brazil's Itaú to Acquire 49.9% of Brokerage XP for $1.9 Billion

Brazilian bank Itaú Unibanco agreed to pay more than $1.9 billion to buy a 49.9% stake in local brokerage firm XP Investimentos, along with options to acquire full control in the future.

(END) Dow Jones Newswires

May 12, 2017 13:15 ET (17:15 GMT)