News Highlights: Top Company News of the Day
January 23 2018 - 9:30AM
Dow Jones News
Netflix Continues Landing Customers
Netflix Inc. again posted strong subscriber growth even as it
faces increased competition for viewers and programming.
Verizon Dials Up Wireless Revenue Growth
Verizon grew its wireless revenue for the first time in two
years as it gained subscribers in its latest quarter and more
customers paid for smartphones and high-speed cellular
internet.
P&G's Sales Rise, Helped by Slimmer Beauty Portfolio
Procter & Gamble said its sales and adjusted earnings grew
in the most recent quarter as the company tries to refresh its
staple brands.
Johnson & Johnson Results Driven by Pharmaceutical Sales Growth
Johnson & Johnson reported an increase in sales for its
fourth quarter, largely spurred by its pharmaceutical business, but
reported a loss because of effects from the new tax law.
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.
How JPMorgan Will Spend a Big Chunk of Its Tax Windfall
JPMorgan Chase is unrolling a $20 billion, five-year investment
across its businesses based on benefits from recent tax-law
changes, a softer regulatory environment and its overall
growth.
Kimberly-Clark to Cut 5,000 Jobs
Kimberly-Clark said it will cut about 13% of its global
workforce as the company grapples with sluggish sales of household
staples, including its Huggies diapers.
Gatorade Sales Could Use Some Electrolytes
PepsiCo's Gatorade, a sideline staple for fatigued athletes that
has long dominated the sports-drink market, needs a pick-me-up of
its own as sales declined for the first time since 2012.
Losses From California Wildfires Hurt Travelers Earnings
Travelers earnings fell in the fourth quarter due to losses from
recent wildfires in California.
Tesla Gives Musk New Long-Term Pay Deal
Tesla said it updated the pay package for Elon Musk with a plan
that again ties his compensation entirely to key performance
benchmarks-albeit this time much larger ones.
(END) Dow Jones Newswires
January 23, 2018 09:15 ET (14:15 GMT)
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