News Highlights: Top Company News of the Day
November 21 2017 - 5:15AM
Dow Jones News
AT&T's CEO Readies for a Fresh Government Fight
The Justice Department's lawsuit challenging AT&T's bid for
Time Warner isn't the first time CEO Randall Stephenson's strategic
plans have been upended by the federal government around
Thanksgiving.
U.S. Files Lawsuit Challenging AT&T-Time Warner Deal
The Justice Department filed a lawsuit Monday challenging
AT&T's proposed acquisition of Time Warner, alleging the
combination of the two companies poses an unlawful threat to
competition that could raise prices and slow innovation.
Fox Creates Advisory Committee in Settlement of Complaint Over Sexual Harassment
21st Century Fox has set up a committee of outside experts to
help Fox News improve its workplace culture as part of a settlement
with a shareholder who accused the company of breaching its
fiduciary duty by failing to clean up the news network's "hostile
work environment."
Bankrupt Toys 'R' Us Seeks Cash Bonus for CEO
Toys 'R' Us is seeking bankruptcy court permission to pay Dave
Brandon, the company's chief executive officer since 2015, a cash
bonus of as much as $12 million for 2017, on top of a $2.8 million
"retention" bonus he received just before the company filed for
bankruptcy in September, according to court filings.
Takata Faces Creditor Backlash Over Bankruptcy Payment Plan
Auto parts maker Takata Corp. is headed into a tough last lap as
it races to raise money to pay off a settlement with the U.S.
Justice Department over its defective air bags.
Starboard Value Takes 10.7% Stake in Mellanox Technologies
Starboard Value has taken a 10.7% stake in Mellanox
Technologies, urging the company to improve its margins and stock
and explore a potential sale, a thesis in part helped by deal talks
at Marvell Technology, where Starboard has a seat.
Charlie Rose Suspended After Sexual-Harassment Allegations
Longtime television journalist Charlie Rose has been suspended
by CBS and his trademark interview show pulled from PBS and
Bloomberg following allegations published by The Washington Post
that he sexually harassed several women.
Activist Jana Discloses Stake in Outback Steakhouse Owner
Shares of Outback Steakhouse owner Bloomin' Brands shot up on
Monday after activist hedge fund Jana Partners disclosed a large
stake and plans to push for change, including a possible sale.
Jeff Bewkes May Have to Write a New Ending for Time Warner
If Time Warner Inc.'s marriage to AT&T Inc. is derailed by
the Justice Department, Time Warner Chief Executive Jeff Bewkes's
perfect exit script will have to be rewritten and perhaps a new
suitor found
National Air Cargo Cleared to Leave Bankruptcy
National Air Cargo's debt-repayment plan has been approved by a
federal judge, clearing the way for the struggling
military-transport contractor to emerge from bankruptcy protection
after more than three years.
(END) Dow Jones Newswires
November 21, 2017 05:00 ET (10:00 GMT)
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