News Highlights: Top Company News of the Day
May 25 2017 - 11:57AM
Dow Jones News
Ford Announces More Management Changes
Ford Motor Co. continues to shake up its top management team
following the ouster earlier this week of former Chief Executive
Mark Fields and the appointment of Jim Hackett as the No. 2 U.S.
auto maker's new boss.
Each Cigna Employee to Get Five Shares
Cigna plans to give every employee five shares of stock, an
unusual move that the company said was aimed at bolstering employee
commitment as it moves ahead after the demise of its merger deal
with Anthem.
Toronto-Dominion Bank's Earnings Jump 22%
TD Bank said earnings for its latest quarter jumped 22%, boosted
by volume growth in its Canadian retail business.
Microsoft Tries to Take On Twitch at Videogame Live-Streaming
Microsoft on Thursday is launching its own videogame
live-streaming service called Mixer, setting up yet another battle
among some of the biggest names in the technology industry.
Signet Loses Shine as Sales Retreat, Will Sell its Credit Portfolio
Shares of Signet Jewelers Ltd. fell in premarket trading
Thursday as the jewelry store operator widely missed quarterly
earnings expectations with same-store sales falling 11.5%,
pressured by the later timing of the Mother's Day holiday.
CIBC Hauls In Stronger Profit
Canadian Imperial Bank of Commerce reported a stronger profit in
its latest quarter as lowering its provision for credit losses
helped its bottom line.
Vulcan Materials Buys Aggregrates Business for $900 Million
Vulcan Materials Co. said Thursday that it reached a deal to buy
private-equity firm SPO Partners' aggregates business for $900
million in cash.
BlackRock, Vanguard Mull Pressuring Exxon to Disclose Climate Risks
Two of the world's largest asset managers are strongly
considering a public rebuke to Exxon Mobil over climate change at
the company's annual meeting next week.
Beijing's Version of Microsoft Windows 10 Tightens Security, Ditches Solitaire
Microsoft has unveiled a new Windows 10 software customized for
the Chinese government to improve security, including modifying the
program to prevent data that is typically collected from being
transmitted to other devices.
Google Goes to China, Making Play for Talent and Attention
A friendly game of Go in the picturesque city of Wuzhen has
given Google an opening to return to China's good graces, seven
years after it left the country over government censorship of its
namesake search engine and hacks of its Gmail service.
(END) Dow Jones Newswires
May 25, 2017 11:15 ET (15:15 GMT)
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