News Highlights: Top Company News of the Day
July 17 2017 - 9:15AM
Dow Jones News
Peltz Launches Proxy Fight Against P&G
Investor Nelson Peltz has launched a fight for a board seat at
Procter & Gamble, in an effort to jolt the consumer-products
giant whose sales and profit growth stalled, the company said.
Bank of New York Mellon Names Former Visa Executive Scharf CEO
Bank of New York Mellon Corp. named former Visa and J.P. Morgan
Chase & Co. executive Charles Scharf as its chairman and CEO,
replacing Gerald Hassell.
China Blocks Big Banks From Lending to Dalian Wanda
The Chinese government is putting the brakes on Dalian Wanda's
overseas acquisitions, clouding the company's ambitions to become a
global entertainment powerhouse.
BlackRock's Earnings Rise On Stronger Inflows
BlackRock, the world's largest money manager, said its
second-quarter earnings and sales rose as investors sought larger
returns on their assets.
Emirates, Flydubai Connect in New Middle East Airline Alliance
Dubai-based carriers Emirates and Flydubai are going to work
more closely together through a wide-ranging tie-up, in the latest
sign that intensifying political and economic pressures are making
Middle East carriers rethink their business plans.
Uber's Setbacks Mount as It Exits Macau
Uber said it is suspending its operations in the Chinese
gambling hub of Macau, the latest retreat for the ride-sharing
giant as it continues to face regulatory pressure from many
overseas markets.
IBM's Latest Line of Mainframe Computers Focuses on Encryption
International Business Machines on Monday is unveiling its next
generation of mainframes, the industrial-strength computers that
underpin industries like banking and insurance, highlighting an old
product category that still drives much of its profit.
U.S. Companies Have a New 401(k) Fix: Spend More
Companies from Microsoft to Host Hotels & Resorts are
boosting contributions to their workers' 401(k) plans, a move many
firms have long resisted because of the costs.
Citigroup to Overhaul Prestige Rewards as Competition Heats Up
The bank is revamping some of the benefits on its premium credit
card in an effort to sweeten the deal for coveted consumers who are
big spenders.
Dow Jones Inadvertently Exposed Some Customers' Information
An error by Dow Jones left addresses and other information about
subscribers to some of its products, including The Wall Street
Journal, exposed to possible unauthorized access.
(END) Dow Jones Newswires
July 17, 2017 09:00 ET (13:00 GMT)
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