News Highlights: Top Company News of the Day
January 22 2018 - 3:15PM
Dow Jones News
Big Drugmakers Pay Big Prices for Promising Biotechs
Lofty premiums Celgene and Sanofi shelled out in Monday's
biotech deals show companies' need for quick revenue as generic
competition poses threats.
Former KPMG Executives Charged With Conspiracy
Six accountants, including former partners at KPMG, were charged
with conspiring to defraud securities regulators and misuse of
confidential auditing information.
AIG Strikes $5.56 Billion Deal to Acquire a Bermuda Insurer
American International Group is acquiring Bermuda-based insurer
Validus Holdings for $5.56 billion, as its new chief executive
makes good on a promise to reverse nearly a decade of shrinkage
stemming from its near collapse in 2008.
Icahn, Deason Push Xerox to Explore Sale, Fire CEO
In a letter made public Monday, billionaires Carl Icahn and
Darwin Deason wrote, 'Every day that the 'old guard' remains in
power-feebly overseeing the company's steady decline-is a waste of
time.'
Daniel Loeb's Third Point Calls for More Change at Nestlé
Daniel Loeb's Third Point ratcheted up the pressure on Nestlé,
saying the company's portfolio needs to be further simplified.
More Milestones: Alphabet Hits $800 Billion, Microsoft Clears $700 Billion
The tech titans keep getting more titanic. Alphabet and
Microsoft have already increased their market value by a combined
$117 billion since the start of 2018.
Verizon 4Q Earnings: What to Watch
Verizon Communications Inc. is scheduled to report
fourth-quarter results before the market opens Tuesday.
Big Companies Face Period of Rising Growth-and Turmoil
Technological upheaval and market shifts are forcing once-stable
titans from GE to P&G to rewrite their playbooks.
Bank of America: No Free Checking for Customers With Low Balances
Bank of America has eliminated a free checking account popular
with some lower-income customers, requiring them to keep more money
at the bank to avoid a monthly fee.
With Online Luxury in Vogue, Richemont Snaps Up Yoox Net-a-Porter
Richemont said it would spend up to $3.3 billon buying the
shares it doesn't already own in Yoox Net-a-Porter, one of the
fashion world's most disruptive e-commerce companies, a sign of how
the shift to online shopping is spreading to even the most
expensive and exclusive purchases.
(END) Dow Jones Newswires
January 22, 2018 15:00 ET (20:00 GMT)
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