News Highlights: Top Company News of the Day
April 19 2018 - 11:15PM
Dow Jones News
Xerox Says CEO Had Authority on Fujifilm Deal Talks
Xerox Corp. defended Chief Executive Jeff Jacobson against a
billionaire shareholder's accusations and said he had proper board
authority to negotiate a deal with Fujifilm Holdings Inc.
Wells Fargo Close to $1 Billion Settlement on Risk Management
The San Francisco-based bank is close to settling claims by
federal regulators related to its risk management, involving a fine
of as much as $1 billion.
Fast-Growing Shire PLC Had Pharmaceutical Rivals in a Takeover Frenzy
Drugmaker Shire rebuffed a takeover bid from rival Takeda
Pharmaceutical, then Allergan took a look.
Activist Investor, Following Whole Foods Playbook, to Push for Changes at Pinnacle Foods
Jana Partners LLC has amassed a large stake in Pinnacle Foods
Inc. and lined up possible board nominees in a push to make changes
at the food company
AMP Issues Apology for Misconduct; CEO Steps Down
AMP Ltd.'s outgoing chief executive will step down immediately,
after revelations Australia's biggest wealth manager misled
customers and the corporate regulator over fees charged for
services that weren't delivered.
Mattel Taps Its Fourth CEO in as Many Years
Mattel hired former studio executive Ynon Kreiz to succeed CEO
Margo Georgiadis after about one year in the job, a surprising
shake-up at a toy maker searching for a strategy that can end a
four-year sales slump.
Philip Morris Shares Plunge for Worst Day in a Decade
Shares of tobacco companies tumbled after Philip Morris said
cigarette shipments fell more than expected and sales for its
cigarette alternative started to stall in a key market-raising
wider alarm about the health of the entire tobacco industry.
Russian Crackdown on Messaging App Sparks Business Outages
When Russia's communications regulator tried to shut down a
messaging app, hundreds of businesses and sites got caught in the
web, underscoring how far Kremlin is willing to go to tighten its
grip on the internet.
Southwest Passenger Died of Blunt-Impact Trauma, Officials Say
Jennifer Riordan, a 43-year-old bank executive from New Mexico,
died from blunt-impact trauma to the head, neck and torso,
according to officials.
Kushner Cos. Subpoenaed for Information Related to Housing Filings
The company run by the family of White House adviser Jared
Kushner received a federal grand-jury subpoena for information
related to paperwork the company filed in New York City concerning
its rent-regulated tenants.
(END) Dow Jones Newswires
April 19, 2018 23:00 ET (03:00 GMT)
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