News Highlights: Top Company News of the Day
October 18 2017 - 11:30PM
Dow Jones News
American Express CEO to Step Down After 16 Years
Kenneth Chenault, the head of American Express Co. and one of
the country's most prominent African-American corporate leaders,
will step down as chairman and chief executive Feb. 1, capping a
16-year run.
EBay Shares Fall on Lowered Profit Outlook
EBay Inc. reported higher-than-expected sales in its third
quarter, but shares tumbled after the company lowered its annual
profit outlook for the second consecutive quarter.
Equifax Faces Shareholder Call for Governance, Pay Changes
An adviser to union pension funds invested in Equifax Inc. wants
the company to permanently split the chairman and chief executive
roles in the wake of its massive data breach.
Gilead Gets FDA Approval for New Cancer Therapy
Gilead Sciences' $11 billion bet on Kite Pharma is poised to pay
off, with the approval of Kite's flagship cell-therapy treatment
for advanced lymphoma patients.
GE's New Chief Makes Cuts, Starting With Old Favorites
John Flannery is getting rid of company cars, a fancy executive
retreat and perhaps thousands of corporate jobs under pressure to
cut costs.
Anthem to Launch Its Own Pharmacy-Benefit Manager
Anthem plans to launch its own pharmacy-benefit manager,
serviced by CVS Health, in 2020 after the conclusion of its
contract with Express Scripts.
EA Delays 'Star Wars' Game, Clouding Hopes for New Revenue
Electronic Arts' sudden decision to put a highly anticipated
Star Wars game on ice comes as videogame makers experiment with new
ways to make money off blockbuster titles.
United to Boost Flying Capacity as Unit Revenue Improves
United Continental Holdings Inc. said it would continue to
increase flying capacity to defend market share at its big airport
hubs as the airline reported forecast-beating quarterly
earnings.
Hochtief Launches $22 Billion Bid for Spain's Abertis
Germany's Hochtief made a $21.9 billion offer to buy Abertis,
gatecrashing an effort by Italy's Atlantia to acquire the Spanish
toll-road operator.
BuzzFeed CEO: Google, Facebook Should Share More Revenue
BuzzFeed Chief Executive Jonah Peretti said Facebook Inc. and
Alphabet Inc.'s Google will have to find better ways to share
revenue with media companies if they want to support quality
content.
(END) Dow Jones Newswires
October 18, 2017 23:15 ET (03:15 GMT)
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