News Highlights: Top Company News of the Day
July 12 2018 - 11:30PM
Dow Jones News
Apple Sets $300 Million Clean Energy Fund for China Amid Trade Tensions
Apple Inc. said it will launch a $300 million clean-energy fund
for China with ten of its suppliers, extending the U.S. tech
giant's commitment to China at a time of mounting trade tension
between its home country and its most important overseas
market.
Northrop CEO Wes Bush to Step Down at Year's End
Wes Bush is stepping down as chief executive of Northrop Grumman
at the end of the year and will be succeeded by Kathy Warden.
Broadcom Shares Sink as Latest Deal Puzzles Wall Street
Broadcom's share price fell 14% on Thursday, showing the
challenge CEO Hock Tan faces in persuading investors that his $18.9
billion purchase of the software company CA Technologies makes
sense for the chip giant.
JPMorgan Whistleblower Set to Get Largest Payout from CFTC
A whistleblower who alerted regulators to conflicts of interest
at JPMorgan Chase will get $30 million from the Commodity Futures
Trading Commission, the largest CFTC payout to a tipster to
date.
J&J Hit With $4.7 Billion Jury Verdict in Baby Powder Suit
A jury in St. Louis found that Johnson & Johnson should pay
$4.69 billion in damages to 22 women and their families who blamed
ovarian-cancer cases on asbestos in the company's baby powder.
U.S. Appeals Ruling Allowing AT&T-Time Warner Merger
The Justice Department appealed a trial judge's ruling last
month that allowed AT&T to acquire Time Warner, setting the
stage for a second round of legal proceedings in a blockbuster
antitrust case.
SEC Probes Why Facebook Didn't Warn Sooner on Privacy Lapse
Securities regulators are investigating whether Facebook Inc.
adequately warned investors that third parties may have obtained
users' data in violation of Facebook's policies, people familiar
with the matter said.
Investors Punish L Brands After Victoria Secret's Weakness
Victoria's Secret, the flagship beauty and lingerie line for L
Brands, simply isn't resonating with shoppers.
PC Shipments Have Strongest Quarter in Six Years
Personal-computer shipments in the second quarter had the
strongest showing in six years, driven by stronger demand from
business customers, according to preliminary data from two research
firms.
Walmart in Talks to Move Credit-Card Partnership to Capital One
Walmart is talking to Capital One about taking over its store
credit card, a potential blow to current issuer Synchrony
Financial.
(END) Dow Jones Newswires
July 12, 2018 23:15 ET (03:15 GMT)
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