Intel CEO Resigns Over Relationship With Employee

Intel CEO Brian Krzanich resigned after the company determined he violated company policy by having a past, consensual relationship with an Intel employee.

 
Kroger's New Approach to Stocking Shelves Is Boosting Earnings

Kroger delivered stronger than expected earnings and sales growth on Thursday, sending its stock up around 10% in early trading.

 
Darden Restaurants Sees 2.2% Same-Store Sales Growth

Darden Restaurants made $175.4 million from continuing operations, or $1.40 a share, up 40% from the same quarter a year ago. Same-store sales rose by 2.2%, beating estimates from analysts.

 
Cruise-Control Glitch Makes Fiat Chrysler No. 1 in Recalls

Fiat Chrysler's recall in May of more than five million vehicles, because of a flaw that could prevent drivers from canceling cruise control, has made it the car maker with the most recalls in the U.S.

 
This $2.5 Billion Wildfire Charge May Be Just the Beginning for California Utilities

The parent of California's largest investor-owned utility plans to take a $2.5 billion charge related to a spate of deadly wildfires that swept the northern part of the state last October.

 
AmTrust Goes Private in $2.95 Billion Cash Deal

AmTrust Financial Services announced that shareholders have approved its plan to be taken private by two New York families and a private-equity firm.

 
AT&T Unveils $15-a-Month Video Service

The service, tentatively named WatchTV, aims to use a "skinny bundle" of channels to recapture some of the millions of cord-cutters who dropped cable and satellite television.

 
Insurers to Expand Presence in Affordable Care Act Marketplaces

After years of pullbacks, insurers are increasing their footprints in the Affordable Care Act marketplaces next year, despite uncertainty including the latest court challenge to the health law.

 
Daimler Issues Profit Warning as Chinese Tariffs Hit U.S.-Built SUVs

Daimler shares fell sharply after the car maker issued a surprise profit warning, saying Chinese retaliatory import duties on vehicles built in the U.S. would hit sales and profits of the SUVs it builds at its Alabama factory.

 
Martin Sorrell Criticizes WPP's Strategy Following His Departure

WPP founder Martin Sorrell lashed out at the ad giant, criticizing the company's strategy as well as its handling of his resignation as chief executive.

(END) Dow Jones Newswires

June 21, 2018 13:15 ET (17:15 GMT)

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