News Highlights: Top Company News of the Day
January 21 2018 - 9:30PM
Dow Jones News
Sanofi Nears Deal to Buy Bioverativ for More Than $11.5 Billion
The French drugmaker finally looks set to clinch a big deal as
it braces for generic competition for its top-selling product,
after missing out on a number of opportunities.
Icahn, Deason Push for Xerox to Explore Sale
Two large Xerox investors, billionaires Carl Icahn and Darwin
Deason, have formed an alliance and plan to encourage the printer
and copier giant to explore a potential sale.
'Jumanji' Leads Sony Pictures Out of the Jungle
Sony's motion-picture business has outgrossed all competitors so
far in 2018 thanks to "Jumanji: Welcome to the Jungle," a hit
sequel to a 1995 family film.
China's Wanda Gets Back to Basics as Revenue Slides
Chinese billionaire Wang Jianlin's flagship company reported a
decline in revenue for a second straight year as it retreated from
its ambitious expansion into entertainment and overseas
property.
At Biggest Passive Money Managers, 'Engagement' Has Different Meanings
BlackRock, Vanguard and State Street all like to use some
version of the word 'engage' when describing how they hold their
portfolio companies accountable. They differ on how that engagement
is measured.
P&G Grapples With How to Stop a Tide Pods Meme
Teens are eating Tide Pods for views and likes, and P&G is
struggling with how to stop a meme that's already gone viral.
Trucking Companies Race to Add Capacity, Drivers as Market Heats Up
Investors expect the humming economy to translate into an uptick
in profits for trucking companies when they report earnings over
the next couple of weeks. But carriers can't add capacity fast
enough to take advantage of the flood of new business.
ADM Has Made Takeover Approach to Bunge
Archer Daniels Midland has made a takeover approach to grain
trader and processor Bunge, according to people familiar with the
matter, setting up a possible bidding war with Glencore.
Facebook to Rank News Sources by Quality to Battle Misinformation
Facebook plans to start ranking news sources in its feed based
on user evaluations of credibility, a major step in its effort to
fight false and sensationalist information that will also push the
company further into a role it has long sought to avoid-content
referee.
Los Angeles Times Publisher to Go on Unpaid Leave of Absence
Ross Levinsohn, the publisher and chief executive of the Los
Angeles Times, has voluntarily agreed to take an unpaid leave of
absence while parent company Tronc investigates allegations of
workplace misconduct at his prior places of employment, according
to the company.
(END) Dow Jones Newswires
January 21, 2018 21:15 ET (02:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.