News Highlights: Top Company News of the Day
September 20 2017 - 01:30AM
Dow Jones News
Microsoft Raises Dividend, Names Hugh Johnston to Board
Corp. raised its dividend by 7.6% and named 30-year PepsiCo Inc.
veteran Hugh Johnston to its board.
BHP Billiton Top Executives Get No Pay Rise Despite Profit
A recovery in the fortunes of global miners has encouraged
increased payouts to shareholders, but BHP Billiton Ltd. is
following other mining companies in stating that salaries of its
top bosses wouldn't rise this fiscal.
Call It 'Fintech' and Watch the Valuation Soar
China's ZhongAn insurance company wants to be seen as tech play,
rather than a boring old insurer.
CFPB Says It Could Have Pursued $10 Billion Penalty Against Wells Fargo
The CFPB calculated it could have pursued a $10 billion penalty
against Wells Fargo over its sales practices scandal before
settling on a much smaller fine, according to government documents
released by House Republicans.
Heavy Debt Crushed Owners of Toys 'R' Us
Competition may have brought down Toys "R" Us. But the debt that
three Wall Street firms took on to acquire the company-and the way
the ownership group was constructed-left them without a fighting
chance.
States Push Ahead With Investigation Into Opioid Painkillers
A bipartisan group of states investigating the opioid painkiller
industry and the causes of widespread addiction have demanded fresh
documents from drugmakers and distributors.
FedEx Takes Earnings Hit Following Cyberattack
FedEx said a cyberattack earlier this year dented earnings in
its first quarter by roughly a third, prompting the package
delivery giant to cut its profit forecast for the rest of the
fiscal year.
Bed Bath & Beyond Shares Fall After Missing Profit Estimates
Shares of Bed Bath & Beyond fell 13% to $23.62 after hours
Tuesday after the home goods retailer slashed its full year outlook
and widely missed earnings and sales expectations in its second
quarter.
Boeing 'Unlikely' to Deliver First Tanker in 2017
Boeing is unlikely to meet its target of delivering the first of
a new fleet of aerial refueling tanker jets by the end of the year,
according to a person familiar with the military program.
Upheaval at the Top of Guggenheim, as SEC Scrutinizes Investment Powerhouse
Mark Walter helped turn Guggenheim Partners into an investment
powerhouse. Now he is considering giving up his chief executive
post as the firm contends with internal unrest and scrutiny from
regulators.
(END) Dow Jones Newswires
September 20, 2017 01:15 ET (05:15 GMT)
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