News Highlights: Top Company News of the Day
March 22 2019 - 7:30PM
Dow Jones News
Pinterest Makes IPO Filing Public
Pinterest made its IPO paperwork public on Friday, putting the
image-search company on pace to start trading in mid-April.
Discovery CEO's Compensation Tripled in 2018 to $129 Million
David Zaslav's package, which included a major increase in
option awards, makes him the highest paid U.S. executive of 2018,
as of latest filings.
Sackler Family Actively Trying to Resolve Purdue Pharma Lawsuits
Members of the Sackler family who own OxyContin maker Purdue
Pharmahave become more involved in settlement talks to resolve the
company's share of lawsuits accusing drug makers of helping spark
the opioid crisis.
S&P Paints Grim Picture for PG&E Suppliers
Renewable energy suppliers that depend on PG&E Corp. are
still being paid in full after the California utility's bankruptcy
but aren't likely to climb out of junk territory anytime soon,
S&P Global Ratings analysts said.
Peugeot Discussed Merger With Fiat Chrysler
Peugeot maker PSA Group approached Fiat Chrysler earlier this
year about combining the two car makers, an overture that was
rebuffed.
Investor VanEck Urges Newmont to Renegotiate Merger Deal
One of Newmont Mining Corp.'s largest investors wants the terms
of the Denver-based company's merger with Goldcorp Inc.
renegotiated.
GM to Invest $300 Million at Michigan Plant
General Motors said it will invest $300 million in plant in
Michigan to build a new electric vehicle, dropping an earlier plan
to produce the car outside the U.S.
Airlines Review Plans as Boeing Faces First MAX Cancellation
Garuda Indonesia became the first airline to pursue canceling
its order for 49 Boeing 737 MAX as other carriers-grappling with a
possibly drawn-out global grounding-move to limit damage to their
flight plans and finances.
Shaquille O'Neal Joins Papa John's Board as Chain Seeks to Recast Image
Papa John's said it named Shaquille O'Neal to its board of
directors and said the NBA Hall of Famer will enter into a
marketing agreement for the pizza brand.
Tiffany's Sales Slow on Softer Demand
Changing Chinese consumer habits continued to weigh on Tiffany,
as sales fell more than expected in the latest quarter.
(END) Dow Jones Newswires
March 22, 2019 19:15 ET (23:15 GMT)
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