News Highlights: Top Company News of the Day
November 08 2018 - 7:30PM
Dow Jones News
Walt Disney Posts Record Annual Profit
Disney turned in a strong financial performance in the latest
period, as its parks-and-resorts and studio-entertainment segments
helped it deliver record profit and revenue for the year.
Google Picks Geisinger CEO to Oversee Health-Care Initiatives
Google is expected to name David Feinberg, head of the Geisinger
health system, to a newly created role overseeing the tech
company's health-care efforts.
P&G Moves to Streamline Its Structure
Procter & Gamble said it would revamp its management
structure, shrinking the number of business units and giving the
heads of those products control over regional sales teams as well
as some functions previously run by headquarters.
Yelp Shares Plummet as Company Cuts Revenue Forecast
Shares tumbled more than 28% in post-market trading Thursday
after Yelp cut its revenue forecast on slower-than-expected growth
in the number of merchants advertising on its platform.
Johnson Controls Hits Snag in Process to Sell Car-Battery Business
Johnson Controls hit a last-minute snag in the sale of its
automotive-battery business to Brookfield Asset Management, and
Apollo Global has been invited to rebid.
South Carolina Utility Can't Escape Customers' $4 Billion Nuclear Claim
Santee Cooper can be sued over electricity collections,
according to court ruling
Chevron Stayed in Venezuela Long After Rivals Quit. It's Having Second Thoughts.
It's both a moral and commercial choice. Profits are drying up
amid corruption and a social and economic crisis. Chevron has
weighed leaving, given the taint of working with the Maduro
government, but fears a withdrawal could make things worse for the
country.
Aegean Marine Urgently Seeks Bankruptcy Financing
Aegean Marine Petroleum Network, a marine fuel supplier that
recently found a $300 million hole in its books, inched closer to
an agreement on critical bankruptcy financing after hitting speed
bumps with a skeptical judge and a group of disgruntled
bondholders.
FTC Says MoneyGram to Pay $125 Million to Settle Fraud Allegations
The U.S. Federal Trade Commission on Thursday said MoneyGram
International, Inc. has agreed to pay $125 million to settle
allegations that the company failed to take steps to crack down on
fraudulent money transfers.
Coke's New Drinks May Violate Deal, Monster Says
Coca-Cola plans to launch Coke-branded energy drinks, returning
to a growing category that would put the beverage giant in
competition with partner Monster Beverage.
(END) Dow Jones Newswires
November 08, 2018 19:15 ET (00:15 GMT)
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