News Highlights: Top Company News of the Day

Date : 11/08/2018 @ 7:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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)

Copyright (c) 2018 Dow Jones & Company, Inc.
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