News Highlights: Top Company News of the Day
June 26 2017 - 5:31PM
Dow Jones News
Nestlé Unmoved by Demands From Activist Investor Third Point
Newly minted Nestlé Chief Executive Mark Schneider is facing the
first big challenge of his short career in packaged foods.
Citi Taps Former Senior J.P. Morgan Banker for Advisory Role
Citigroup has hired Karl-Georg Altenburg, a high-profile former
J.P. Morgan Chase and Deutsche Bank investment banker as a senior
adviser.
With 54 Million to Go, This Airbag Recall Is Never Going To End
Japan's Takata has filed for bankruptcy protection and agreed to
sell most of its business. But it could go on for years supplying
parts for the tens of millions of its potentially deadly air bags
that still need to be replaced.
Amazon's Grocery Ambitions Spell Trouble for Food Brands
Amazon's deeper push into the grocery business threatens to
further pinch packaged-food companies already coping with slowing
sales.
Google Could Be a Day Away From At Least $1 Billion EU Antitrust Fine
The European Union's antitrust watchdog will as soon as Tuesday
hit Google with a fine of more than $1 billion and demand changes
to the company's business practices, according to people familiar
with the matter.
In Unilever's Radical Hiring Experiment, Resumes Are Out, Algorithms Are In
To diversify its candidate pool, Unilever has ditched resumes
and traditional campus recruiting. Its new process relies on
algorithms to sort candidates and targets young potential hires
where they spend much of their time: their smartphones.
Rio Tinto Rebuffs Glencore Again in Bidding for Australian Coal Assets
Glencore suffered another setback in the bidding for Australian
coal mines, after the commodity giant's rival Rio Tinto said it
would rather take a sweetened offer from a Chinese-owned
company.
Amtrak Names Former Delta Chief as Railroad CEO
Amtrak named former Delta Air Lines chief executive Richard
Anderson as the new president and CEO of the national passenger
railroad, which is grappling with a backlog of repairs even as
ridership continues to grow.
Alphabet's Waymo Hires Avis to Service its Driverless Cars
Google parent Alphabet is hiring rental-car firm Avis Budget
Group to store and service its self-driving cars in a deal that
shows Alphabet's vision of a network of driverless taxis is getting
closer to reality.
BMW Commits to New Jobs at U.S. Factory
BMW is the latest auto maker to commit to new jobs at a U.S.
factory following criticism from President Donald Trump, saying
Monday it will create 1,000 American jobs through 2021
(END) Dow Jones Newswires
June 26, 2017 17:16 ET (21:16 GMT)
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