News Highlights: Top Company News of the Day
June 22 2018 - 5:15AM
Dow Jones News
Deutsche Bank Breaks Up Its Global Corporate-Strategy Group
Deutsche Bank AG's global corporate-strategy team is being
dismantled and the executive who runs it, Ali Almakky, is leaving
that role, according to people familiar with the matter.
Chanel's First Results Release Shows Its Financial Might
Chanel, the storied French fashion house that has dressed first
ladies, royalty and Hollywood stars, published complete financial
results for the first time, revealing itself as one of the luxury
industry's top-selling brands.
Puma Gives Basketball Another Shot
Puma is returning to men's basketball shoes having signed
endorsement contracts with four top draft prospects, including
Deandre Ayton and Marvin Bagley III, ahead of the draft in New York
Thursday night.
Big Banks Clear Fed's Stress Tests
The Federal Reserve said the largest U.S. banks were healthy
enough to withstand a severe economic downturn and would continue
lending during a crisis, as the industry posts record profits and
prepares for a wave of regulatory relief.
Two Titans' Rocky Relationship Stands Between Comcast and Fox
Tensions between Comcast CEO Brian Roberts and 21st Century Fox
Executive Chairman Rupert Murdoch are complicating Comcast's
pursuit of the biggest media deal in years. Both Comcast and
Disney, who are vying for Fox's entertainment assets, are seeking
to counter the challenge of cord cutting and new technology
rivals.
Intel CEO Search Follows Other Executive Exits
The sudden exit of Intel CEO Brian Krzanich for violating
company policy is the latest in a string of high-level departures
at the chip giant.
Intel CEO Resigns Over Relationship With Employee
Intel said Chief Executive Brian Krzanich resigned for violating
company policy by having a relationship with a co-worker, one of
the most prominent CEOs to lose a job in an era of greater scrutiny
over workplace behavior.
Trade Concerns Hammer Global Auto Stocks
Global auto stocks were pummeled after Daimler issued a profit
warning overnight that it blamed on trade tensions between the U.S.
and China.
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.
UPS, Teamsters Reach Handshake Deal on New Contract
Teamsters negotiators said they have tentatively agreed to a new
five-year contract with United Parcel Service, a deal that promises
to raise wages for existing workers but creates a new class of
lower-paid drivers to handle weekend deliveries.
(END) Dow Jones Newswires
June 22, 2018 05:00 ET (09:00 GMT)
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