News Highlights: Top Company News of the Day
January 23 2018 - 07:30PM
Dow Jones News
Weinstein Co. Advances Toward Sale
Weinstein Co.'s owners have entered exclusive negotiations to
sell the embattled studio to a group led by businesswoman Maria
Contreras-Sweet for a little more than $500 million, people close
to the talks said.
Disney to Pay $1,000 Bonuses
Walt Disney Co. will pay $1,000 cash bonuses to more than
125,000 workers and put $50 million into a new program to cover
tuition costs for hourly workers, the company said Tuesday.
Consumer Brands Can't Cut Their Way to Growth
Procter & Gamble and Kimberly-Clark are under pressure to
invest in expansion.
Clash Between Founder and Protégé Plunges Och-Ziff Into Crisis
Och-Ziff Capital Management faces turmoil as founder Daniel Och
upends plan for James Levin to succeed him as head of the U.S.'s
largest publicly traded hedge fund. Behind the rift: money and
control.
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.
Musk Could Net Billions by Hitting Tesla's New Milestones
Tesla unleashed a bold pay package for Chief Executive Elon Musk
that again ties his compensation entirely to key performance
benchmarks. This time, the goals take the electric-car maker to
cosmic heights, including an ultimate aim of hitting $650 billion
in market value.
Sexual-Harassment Suit Naming Ad Agency Shines Light on Client Dealings
A former staffer at IPG's Initiative media agency claims she was
sexually assaulted by an employee of Dr Pepper, an important
client, and agency executives retaliated against her.
Bank of America Expands Office Space in L.A.
Bank of America has renewed its office lease in downtown Los
Angeles and taken more space as competition for office tenants
heats up among landlords.
CSX Board to Require CEOs to Get Annual Physical Exam
CSX will require the railroad's chief executive to submit to an
annual physical exam that will be reviewed by the board, adopting
the policy months after the death of prior CEO Hunter Harrison.
Snapchat Cracks Open Its 'Walled Garden'
Some users on Snapchat will now be able to share videos and
other content they encounter within the app outside the walls, as
the social-media app comes under pressure to grow.
(END) Dow Jones Newswires
January 23, 2018 19:15 ET (00:15 GMT)
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