News Highlights: Top Company News of the Day
February 19 2018 - 11:15AM
Dow Jones News
Reckitt Benckiser Posts 11% Profit Rise
Reckitt Benckiser said its pretax profit rose 11% in 2017 as
revenue increased by more than a fifth.
Novartis' 41-Year-Old 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.
For Tech Giants, Halting Russian Meddling Won't Be Easy
The U.S. indictment handed up 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.
Private Trades in Spotify Shares to Play Key Role in Debut
Spotify AB is counting on its surging private-market value to
bolster the music-streaming service's appeal to investors in an
unorthodox public debut that could be the biggest since Snap Inc.'s
$20 billion IPO last year.
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.
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.
In Cutting Time to Market, Toy Companies Try On Fast-Fashion's Approach
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.
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.
(END) Dow Jones Newswires
February 19, 2018 11:00 ET (16:00 GMT)
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