News Highlights: Top Company News of the Day
January 21 2018 - 11:30PM
Dow Jones News
Sanofi Nears Deal to Buy Bioverativ for More Than $11.5 Billion
The French drugmaker finally looks set to clinch a big deal as
it braces for generic competition for its top-selling product,
after missing out on a number of opportunities.
Icahn, Deason Push for Xerox to Explore Sale
Two large Xerox investors, billionaires Carl Icahn and Darwin
Deason, have formed an alliance and plan to encourage the printer
and copier giant to explore a potential sale.
'Jumanji' Leads Sony Pictures Out of the Jungle
Sony's motion-picture business has outgrossed all competitors so
far in 2018 thanks to "Jumanji: Welcome to the Jungle," a hit
sequel to a 1995 family film.
Amazon's Cashierless Convenience Store Set to Open
Amazon Go, the online retailer's cashierless convenience store,
is slated to finally open to the public on Monday, after a yearlong
delay during which the company trained the store's algorithms to
account properly for customers and their habits.
Why Retailers Don't Mind Bigger Wage Bills
Bigger bonuses and higher wages that companies have been handing
out since the new tax law was signed in December are a small
fraction of the value of tax cuts.
China's Wanda Gets Back to Basics as Revenue Slides
Chinese billionaire Wang Jianlin's flagship company reported a
decline in revenue for a second straight year as it retreated from
its ambitious expansion into entertainment and overseas
property.
Lockheed Warns on Shutdown's Effects
Lockheed Martin said the government shutdown could inflate
acquisition costs and delay critical equipment as defense
contractors hunkered down for continuing uncertainty over the
military budget.
SoFi Offers CEO Spot to Twitter Executive
Anthony Noto, a top Twitter executive, is in discussions to
become the next chief executive of Social Finance, as the online
lender grapples with accusations of improper workplace culture.
At Biggest Passive Money Managers, 'Engagement' Has Different Meanings
BlackRock, Vanguard and State Street all like to use some
version of the word 'engage' when describing how they hold their
portfolio companies accountable. They differ on how that engagement
is measured.
P&G Grapples With How to Stop a Tide Pods Meme
Teens are eating Tide Pods for views and likes, and P&G is
struggling with how to stop a meme that's already gone viral.
(END) Dow Jones Newswires
January 21, 2018 23:15 ET (04:15 GMT)
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