News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Gilead to Buy Kite Pharma for Roughly $11 Billion

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Gilead Sciences has agreed to pay about $11 billion for Kite Pharma and its promising new technology for harnessing the body's immune system to fight cancer.

Uber Selects Expedia's Khosrowshahi as New CEO

Uber Technologies has voted to appoint Expedia CEO Dara Khosrowshahi as its new CEO.

Amazon Cuts Grocery Prices at Whole Foods

Amazon marked its takeover of Whole Foods by cutting grocery prices and advertising its Amazon Echo devices at a steep discount in many of the natural grocer's stores nationwide.

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Apple to Hold Product Launch Event on Sept. 12

Apple has scheduled a product announcement event on Sept. 12, according to people briefed on its plans, reinforcing expectations that the company will release new iPhones and a smartwatch ahead of the holiday season.

Freight Companies Scramble to Reroute Goods in Wake of Harvey

Trucking fleets, railroads and shipping lines are working to reroute cargo and set up alternate supply lines as Tropical Storm Harvey promises to disrupt freight traffic across southeast Texas for days.

Commonwealth Bank Faces Ethics Check

Commonwealth Bank of Australia Ltd. faces a broad ethics health check by regulators, as the fallout over alleged money-laundering compliance breaches expanded.

Fitbit Aims to Take a Piece Out of Apple With New Smartwatch

Fitbit Inc. unveiled its long-awaited smartwatch, elbowing into a crowded market to restart its growth.

Samsung's Message to Employees: Keep Calm and Carry On

Samsung Electronics urged employees to stay focused on their work after the conviction of the company's de facto leader, and punctuated that business-as-usual appeal with a $2.3 billion investment in semiconductors.

CEO of Argentina's YPF Resigns

Ricardo Darré has resigned as CEO of Argentina's state-run oil and gas producer, YPF. His exit comes as YPF transforms into an "integrated energy company."

Williams Cos Names John Chandler as New CFO

Pipeline company Williams Cos. named John Chandler as its new chief financial officer, replacing outgoing incumbent Don Chappel, who announced his retirement earlier this year.

(END) Dow Jones Newswires

August 28, 2017 15:15 ET (19:15 GMT)