News Highlights: Top Company News of the Day
January 24 2018 - 5:15AM
Dow Jones News
EU to Fine Qualcomm Over Exclusivity Payments to Apple
Qualcomm is set to be slapped with a European Union antitrust
fine over payments it made to Apple for exclusively using its chips
in smartphones and other products.
Novartis 4Q Profit Rises, Buoyed by Sales of New Drugs
Novartis AG said its fourth-quarter pretax profit increased on
higher income from associated companies and strong sales of newer
drugs, which helped offset the impact of generic competition.
Antofagasta Says 4Q Copper Production Fell 1.3% on Quarter
Antofagasta PLC said on Wednesday that copper production in the
fourth quarter of 2017 fell 1.3% quarter on quarter, while gold
production fell 32%, citing lower grades and recoveries at its
Centinela mine in Chile.
Toys 'R' Us to Close About 180 U.S. Stores This Year
Toys 'R' Us plans to close about 180 stores in the U.S. as the
retailer seeks an exit from bankruptcy proceedings.
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.
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.
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.
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.
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.
Minnesota Public Radio Defends Firing of Host Garrison Keillor
Two months after cutting ties with Garrison Keillor, Minnesota
Public Radio offered a lengthy explanation that appeared to
contradict the prominent radio host's own account of his ouster
over allegations of inappropriate behavior.
(END) Dow Jones Newswires
January 24, 2018 05:00 ET (10:00 GMT)
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