News Highlights: Top Company News of the Day

Features Dow Jones Newswires

AT&T, Time Warner Herald 'Golden Age' of TV in Defense of Merger

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AT&T said in a written response to the Justice Department's lawsuit that the video marketplace is changing quickly and is "intensely competitive, " and that nothing about the telecom giant's proposed acquisition of Time Warner would harm that.

Emerson Withdraws Proposal to Buy Rockwell Automation

Emerson Electric said it was rescinding its offer to buy Rockwell Automation because of the target company's board's "unwillingness to engage in discussions."

Tesla Truck Gets an Order from DHL as Shippers Give New Vehicle a Try

Deutsche Post's DHL said Tuesday it has preordered 10 of Tesla's Semi trucks, joining a growing list of large transportation companies looking to test the all-electric vehicles.

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Siemens Tees Up Health-Care IPO in One of Biggest European Deals in Years

Siemens AG, the German engineering conglomerate, is readying the most significant step yet in its yearslong restructuring: the listing of a big chunk of its health-care business, estimated to be worth up to $47 billion.

Uber Ex-Employee Alleges Covert Tactics to Steal Rivals' Secrets

A federal judge on Tuesday ordered a delay in the trial between Alphabet's Waymo and Uber Technologies after he received a memo from a former Uber employee introducing new allegations about covert communications and efforts to evade detection.

Buffalo Wild Wings Agrees to a $2.9 Billion Takeover by Arby's

Buffalo Wild Wings has agreed to be purchased by Arby's Restaurant Group, taking the restaurant chain private for $2.44 billion in cash plus debt.

Unilever Sees Single Corporate Structure as Best for Shareholders

Unilever is leaning toward unifying its unusual dual governance structure after fending off an unsolicited $143-billion bid by Kraft Heinz earlier this year.

Shell to Pay Its Dividend in Cash in Latest Sign of Health for Big Oil

Royal Dutch Shell said it would begin paying its dividend only in cash, a fresh sign that big oil companies are trying to reward investors after struggling with three years of falling oil prices.

Inside Valeant's Bid to Be a Normal Drug Company

Valeant Pharmaceuticals, which has been Exhibit A of corporate turbulence since 2015, is trying to get back to being a normal drug company. But it faces a steep climb to good health.

Software Provider Autodesk to Cut 1,150 Jobs in Restructuring

Design-software provider Autodesk Inc. said it would cut 13% of its workforce in a bid to streamline the company. Shares in Autodesk tumbled after hours as the company revealed plans to shed 1,150 jobs and consolidate facilities.

(END) Dow Jones Newswires

November 28, 2017 19:15 ET (00:15 GMT)