What's News: Business & Finance -- WSJ
January 24 2018 - 3:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (January 24, 2018).
P&G said average prices on its products fell last quarter
for the first time since 2011, while Kimberly-Clark said it would
cut at least 5,000 jobs, reflecting the pressures faced by consumer
brands.
The Senate confirmed Powell to become the 16th chairman of the
Federal Reserve, succeeding Yellen.
CSX will require its CEO to submit to an annual physical exam
that will be reviewed by the board.
JPMorgan plans to invest $20 billion across its businesses as it
benefits from the tax overhaul and regulatory changes.
Weinstein Co.'s owners have entered exclusive talks to sell the
studio to a Contreras-Sweet group for a little more than $500
million.
Twitter's Noto is leaving the post of operating chief at the
social-media firm to head online lender SoFi.
U.K. regulators said Fox's ownership of all of Sky would give
the Murdochs too much influence, but kept open options for a
deal.
The S&P 500 rose to a record following the latest batch of
earnings. The Dow eased 3.79 to 26210.81.
Tesla revealed a pay plan for Musk that is again tied to
performance benchmarks, but with much grander goals.
The FDIC nominee said she plans to focus on easing regulatory
requirements for community banks.
UBS shuffled the top ranks of its wealth-management
division.
(END) Dow Jones Newswires
January 24, 2018 02:47 ET (07:47 GMT)
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