News Highlights: Top Company News of the Day
February 22 2019 - 07:30PM
Dow Jones News
Key Brands Pay Price of Kraft Heinz Cost-Cutting
Kraft Heinz, in slashing the value of its biggest brands,
basically admitted that its Kraft cheese and Oscar Mayer deli meat
aren't worth as much as they were when the brands merged with Heinz
less than four years ago.
Facebook to Pull Controversial Onavo App
Facebook is shutting down its Onavo app that tracks user
behavior, a sign the social-media titan is rethinking how it
collects information about users amid widespread privacy
concerns.
Berkshire's Stock Gets Caught in the Kraft Heinz Swoon
Shares in Berkshire Hathaway fell nearly 2%, ahead of the
company's fourth-quarter earnings report Saturday morning, dragged
down by the disclosure of a multibillion-dollar write-down at Kraft
Heinz.
Glencore Contractor in Congo Spills Acid, Killing 20
A truck owned by a contractor for a Glencore mining company in
the Democratic Republic of Congo crashed and spilled sulfuric acid
on two vehicles, killing about 20 people.
UnitedHealth Employee Cleared to Join Health Venture of Amazon, Berkshire, JPMorgan
A federal judge on Friday denied a UnitedHealth Group Inc.
attempt to block a former employee from joining the new health-care
venture launched by Amazon.com, Berkshire Hathaway and JPMorgan
Chase & Co.
Wildfire Victims Protest PG&E Bid to Pay Employee Bonuses
Lawyers for victims of several California wildfires are asking a
bankruptcy judge to reject Pacific Gas & Electric Co.'s request
to pay $130 million in bonuses to employees, saying they don't
deserve to be awarded for good performance.
Equifax Expects U.S., Canada Regulatory Action Over 2017 Breach
Equifax said regulators in the U.S. and Canada intend to press
forward their cases against the consumer credit reporting agency
over a 2017 breach that exposed personal information of more than
140 million people.
Mastercard Renews Effort to Enter Chinese Market
Mastercard, after years of frustrated attempts to enter the
Chinese market, is trying again by joining with a Chinese company
close to the regulator in charge of approving credit card
businesses.
Barrick Gold Is Considering a Deal With Newmont
Barrick Gold said it may pursue a merger with rival Newmont
Mining-a potential blockbuster deal that would unite the world's
two biggest gold producers and cap a flurry of recent, big
acquisitions by gold miners.
Volkswagen 2018 Net Profit Up, Dividend Raised
Volkswagen said Friday that its 2018 net profit increased as it
raised its dividend.
(END) Dow Jones Newswires
February 22, 2019 19:15 ET (00:15 GMT)
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