News Highlights: Top Company News of the Day
February 19 2018 - 7:15PM
Dow Jones News
Noble Energy, Israel's Delek to Supply Gas to Egypt
Investors in Israel's natural-gas fields agreed Monday to supply
an Egyptian company with gas valued at $15 billion, a deal that
will build on growing ties between once-hostile neighbors.
Facebook Battles New Criticism After Indictment Against Russians
Facebook is contending with a new wave of criticism prompted by
the indictment detailing how Russia manipulated social-media
platforms-and by a Facebook executive's attempts to address the
issue.
Reckitt Benckiser Posts 11% Profit Rise
Reckitt Benckiser said its pretax profit rose 11% in 2017 as
revenue increased by more than a fifth.
'Black Panther' Roars to Top of Box Office
With an estimated opening of $235 million in the U.S. and
Canada, "Black Panther" was another blockbuster success for Walt
Disney Co.'s Marvel Studios but also a breakthrough for movies with
primarily black casts..
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 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.
(END) Dow Jones Newswires
February 19, 2018 19:00 ET (00:00 GMT)
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