News Highlights: Top Company News of the Day
October 18 2017 - 05:30PM
Dow Jones News
American Express CEO Kenneth Chenault to Step Down
Kenneth Chenault, the head of American Express and one of the
country's most prominent African American corporate leaders, will
step down as chairman and chief executive Feb. 1, capping a 16-year
run at the iconic card company as it grapples with a new wave of
competition.
Equifax Faces Shareholder Call for Governance, Pay Changes
An adviser to union pension funds invested in Equifax Inc. wants
the company to permanently split the chairman and chief executive
roles in the wake of its massive data breach.
Anthem to Launch Its Own Pharmacy-Benefit Manager
Anthem plans to launch its own pharmacy-benefit manager,
serviced by CVS Health, in 2020 after the conclusion of its
contract with Express Scripts.
United to Boost Flying Capacity as Unit Revenue Improves
United Continental Holdings Inc. said it would continue to
increase flying capacity to defend market share at its big airport
hubs as the airline reported forecast-beating quarterly
earnings.
Hochtief Launches $22 Billion Bid for Spain's Abertis
Germany's Hochtief made a $21.9 billion offer to buy Abertis,
gatecrashing an effort by Italy's Atlantia to acquire the Spanish
toll-road operator.
GE's New Chief Makes Cuts, Starting With Old Favorites
John Flannery is getting rid of company cars, a fancy executive
retreat and perhaps thousands of corporate jobs under pressure to
cut costs.
Ford Door-Latch Issues Expand to Trucks
Ford continues to be plagued by faulty vehicle-door latches as
the auto maker expanded the lineup of affected models for the
second time this year.
EA Delays 'Star Wars' Game, Clouding Hopes for New Revenue
Electronic Arts' sudden decision to put a highly anticipated
Star Wars game on ice comes as videogame makers experiment with new
ways to make money off blockbuster titles.
Facebook Messenger CEO Vows More Scrutiny of Platform's Use
Facebook Inc. should be more proactive in detecting malicious
actors on its platform, the head of Facebook's Messenger app
business said Wednesday.
Delta Expects to Buy U.S.-Built CSeries Jets
Delta said it plans to take Bombardier new CSeries jetliners
built at an Airbus facility in Alabama, though didn't provide a
timeline for the first delivery.
(END) Dow Jones Newswires
October 18, 2017 17:15 ET (21:15 GMT)
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