News Highlights: Top Company News of the Day

Date : 11/09/2018 @ 2:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Tesla Taps Boss to Oversee Musk 

Tesla named board member Robyn Denholm as its chairman, tasking her with overseeing one of the business world's most freewheeling figures at a pivotal moment for the electric-vehicle company.

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.

Tesla's New Chairman Faces Governance Challenges 

Robyn Denholm, who joined the Tesla board in 2014, assumes the role immediately as the electric car maker attempts to expand beyond its niche player status to challenge industry giants such as Ford Motor Co. and General Motors Co.

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.

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.

South Carolina Utility Can't Escape Customers' $4 Billion Nuclear Claim 

Santee Cooper can be sued over electricity collections, according to court ruling

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.

Chevron Stayed in Venezuela Long After Rivals Quit. Then It Had 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.


(END) Dow Jones Newswires

November 08, 2018 21:15 ET (02:15 GMT)

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