News Highlights: Top Company News of the Day
July 17 2017 - 5:30PM
Dow Jones News
Activist Proxy Fight Puts Focus on P&G's Cost-Cutting Effort
Over the years when Procter & Gamble wasn't able to sell
more Tide or Pampers, the company could at least point to one clear
success: a sweeping, $10 billion cost-cutting plan executed ahead
of schedule.
Netflix Rises on Strong Subscriber Growth
Netflix blew through its estimate for subscriber growth in the
second quarter, adding 5.2 million users, as the streaming giant
showed it is thriving in a hotly-competitive market for internet
television.
A New Generation Is Poised to Take Control of KKR
KKR put two executives in line to take over one day for Henry
Kravis and George Roberts, the private-equity pioneers atop one of
the biggest brands in finance.
Tesla Names James Murdoch and Linda Johnson Rice to Board
Tesla, which has faced criticism from its investors about a lack
of independent directors, named 21st Century Fox CEO James Murdoch
and Ebony Media CEO Linda Johnson Rice to its board.
India's Mahindra Doubling U.S. Investment Over Five Years
Mahindra & Mahindra Ltd. plans to double its bets in the
U.S. over the next five years, spending $1 billion in an effort to
strengthen the Indian company's brand as President Donald Trump
pressures companies foreign and domestic to steer investments
toward America.
BNY Mellon Names Former Visa Executive Scharf as CEO
Charles Scharf is returning to Wall Street as the new chief
executive of Bank of New York Mellon Corp., placing a retail
banking veteran in charge of a firm that safeguards trillions of
dollars for big institutions.
BNP Paribas Fined by Fed Over Currency Manipulation
French bank BNP Paribas agreed to pay $246 million to the U.S.
Federal Reserve to resolve a probe of misconduct in its foreign
exchange business.
BlackRock's Earnings Rise On Stronger Inflows
BlackRock pulled in another $103.6 billion in the second
quarter, further solidifying the largest trend in asset management
where billions keep flooding into lower-cost funds, often at the
cost of money run by human stock and bond pickers.
Deutsche Bank's Head of 'Know Your Customer' Controls to Leave
Deutsche Bank's global head of "know your customer"
anti-financial-crime processes, Edward Maguire, is leaving the bank
at the end of this month, according to a mid-June internal memo
that was confirmed by a bank spokeswoman.
Disney's 'Beauty and the Beast' Gets Entangled in Visual-Effects Lawsuit
A lawsuit against Disney has roped the company into a legal
dispute over rights to a visual-effects technology, potentially
threatening its ability to profit from the top-grossing movie so
far this year.
(END) Dow Jones Newswires
July 17, 2017 17:15 ET (21:15 GMT)
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