News Highlights: Top Company News of the Day
January 22 2018 - 7:15PM
Dow Jones News
Bacardi Buying Patrón Tequila in Deal Valuing Brand at $5.1 Billion
Bacardi Ltd. is acquiring the maker of Patrón tequila in a deal
that values the premium brand at $5.1 billion, one of the biggest
liquor buys in years as rivals scramble to own more top-shelf
spirits.
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.
Netflix Continues Landing Customers
Netflix Inc. again posted strong subscriber growth even as it
faces increased competition for viewers and programming.
Adobe CFO Garrett to Retire, Company Books Charge, Raises Guidance
Adobe Systems Inc. finance chief Mark Garrett is retiring from
the company after spending more than a decade in that role.
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.
News Corp's Murdoch Urges Facebook to Pay Publishers for Content
News Corp Executive Chairman Rupert Murdoch said if Facebook is
serious about promoting "trusted content" and filtering fake news
out of its news feed, it should pay publishers fees similar to
those cable distributors pay to TV channels.
FirstEnergy Gets $2.5 Billion From Elliott, Bluescape Investor Group
FirstEnergy has raised $2.5 billion in a private stock offering
from a group led by activist investor Elliott Management and
private-equity firm Bluescape.
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.
(END) Dow Jones Newswires
January 22, 2018 19:00 ET (00:00 GMT)
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