News Highlights: Top Company News of the Day

Features Dow Jones Newswires

U.S. Nears Suing Fiat Chrysler Over Diesel Emissions

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The Justice Department is near suing Fiat Chrysler and alleging the Italian-American auto maker used illegal software to cheat on government emissions tests, despite a recent proposal from the company to regulators on fixing the technology.

Can Ford's New Chief Pull Off Another Michigan Miracle?

Jim Hackett made his mark as a change agent by recruiting football coach Jim Harbaugh to Michigan in 2014.

Alexion's Shakeup Continues as Four Executives Exit

Alexion Pharmaceuticals Inc.'s new chief executive is reshaping the top ranks of the organization following an internal investigation into sales practices prompted by a former employee.

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Sears Pushes Back Debt Payments

Sears Holdings Corp. said Tuesday that it had reached an agreement to extend the maturities for some of its debt.

Simon Property Group to Invest $1 Billion to Redevelop Mall Assets

Shopping mall landlord Simon Property Group plans to invest an additional $1 billion to redevelop its properties for the modern retail age.

Honeywell to Decide on Aerospace Spinoff by the Fall

Honeywell International will decide whether to break off its aerospace division by the fall and it continues to work with advisers after activist Third Point made a public push last month for a spinoff.

China and Russia Take on Airbus and Boeing With New Plane

China and Russia have joined forces to build a large passenger airliner designed to challenge Airbus and Boeing, in the latest sign of strengthening Sino-Russian ties.

Facebook Tool Handles Media Companies' Video Ad Sales

Facebook is testing a new tool designed to help media companies sell video advertising on their own websites, apps and other digital properties in a more automated fashion, the company said Tuesday.

Blackstone Is Taking Over Mom-and-Pop Real Estate Investing

Blackstone in January launched its first nontraded real-estate investment trust, a vehicle marketed to small investors as a way to participate in the commercial real-estate industry without the volatility of a traded REIT.

Westinghouse Global Businesses Roiled by Bankruptcy

Westinghouse Electric Co.'s bankruptcy threatened to put its global business in jeopardy of "urgent regulatory nuclear compliance issues," according to court documents unveiled late Monday evening.

(END) Dow Jones Newswires

May 23, 2017 13:15 ET (17:15 GMT)