News Highlights: Top Company News of the Day

Date : 07/13/2018 @ 4:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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)

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