News Highlights: Top Company News of the Day
February 18 2018 - 11:15PM
Dow Jones News
Novartis CEO Steers Drug Maker Back to R&D
Vasant Narasimhan, the 41-year-old chief executive at Novartis
AG, is vowing data science and digital technologies will
revolutionize the company's drug-development pipeline.
Puerto Rico Utility to Reduce Energy Reserves Amid Cash Shortfall
Puerto Rico's power company will reduce its operating reserve to
save money amid a cash shortfall, a move that could destabilize the
U.S. territory's fragile electrical grid.
For Tech Giants, Halting Russian Meddling Won't Be Easy
The U.S. indictment handed down against three Russian companies
and 13 individuals suggests it won't be easy to stop any aggressive
influence campaign in the run-up to the midterm election in less
than nine months.
Like Peter Thiel, Tech Workers Feel Alienated by Silicon Valley 'Echo Chamber'
Billionaire venture capitalist Peter Thiel has said he plans to
leave Silicon Valley in part because of its perceived cultural
uniformity, joining other investors who have defected from the
nation's high-tech cradle.
In Cutting Time to Market, Toy Companies Try On Fast Fashion
Toy companies are mimicking the moves of fast-fashion retailers
as they scramble to produce toys and games tied to the swift rise
and fall of trends driven by social media.
'Black Panther' Album on Track for Heroic Opening Week
"Black Panther: The Album" is set to deliver the strongest album
debut for a Walt Disney Co. movie in at least five years.
Steve Wynn Will Lose Hundreds of Millions in Severance Amid Sexual-Misconduct Claims
Billionaire casino executive Steve Wynn will lose out on
collecting hundreds of millions of dollars in severance pay from
the company he founded, Wynn Resorts Ltd., following his
resignation as chairman and chief executive.
Growth Is the Missing Ingredient for Kraft Heinz
Kraft Heinz should tend to its own brands before snapping up
more.
Judge Is Asked to Disallow Trump Bias Claims in AT&T Merger Trial
The Justice Department asked a federal judge not to allow
AT&T Inc.'s defense of its proposed acquisition of Time Warner
Inc. to include a claim that the Trump administration improperly
challenged the deal for political reasons.
Wall Street's Five CEOs Get Biggest Payday Since 2006
Wall Street CEOs are getting paid the big bucks again. Goldman
Sachs Group Inc. and Citigroup Inc. said they gave their CEOs
raises for 2017, meaning all five large U.S. banks with significant
trading and investment-banking operations have done so.
(END) Dow Jones Newswires
February 18, 2018 23:00 ET (04:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.