News Highlights: Top Company News of the Day
July 22 2018 - 9:30PM
Dow Jones News
Pimco Executive Resigns After Allegations of Inappropriate Behavior
Bill De Leon, a senior Pacific Investment Management executive,
resigned on Friday after facing allegations he acted
inappropriately toward a colleague, people familiar with the matter
said.
Tesla Asks Suppliers for Cash Back to Help Turn a Profit
Tesla has asked some suppliers to refund a portion of what the
electric-car company has spent previously, an appeal that reflects
the auto maker's urgency to sustain operations during a critical
production period.
Papa John's Board Votes to Adopt 'Poison Pill' Against Founder
Papa John's International's board members voted to adopt a
"poison pill" on Sunday to prevent its controversial founder from
gaining a controlling interest in the pizza chain.
Mondelez Recalls Ritz Crackers on Salmonella Concern
Mondelez International is recalling some Ritz crackers after its
supplier of whey powder recalled ingredients due to the potential
presence of salmonella bacteria.
BHP Billiton Served with Class Action in Australia Court
BHP Billiton Ltd. said a class action has been filed in an
Australian court over the 2015 dam failure at a Brazilian iron-ore
mining operation that sparked a sharp fall in the miner's
stock.
Sudden CEO Shift Jolts Fiat Chrysler
The deteriorating health of Sergio Marchionne forced Fiat
Chrysler to replace him as CEO this weekend, a sudden change at a
company dealing with a rapidly evolving industry and a global trade
dispute.
Theranos Settles Investor Suit as Funds Run Low
Theranos, running on financial fumes, settled a suit filed by
investors who had alleged they were defrauded by the blood-testing
firm.
'Equalizer 2' Edges Out 'Mamma Mia 2' for Top Spot
In the battle of two very different sequels at the box office
over the weekend, Denzel Washington's action movie "The Equalizer
2" narrowly won out over the ABBA jukebox musical "Mamma Mia! Here
We Go Again."
France's Atos to Buy Syntel for $3.4 Billion
The French firm has struck a $3.4 billion deal to buy
Michigan-based Syntel, an information-technology company, in a move
that would give it access to some of the biggest U.S.
financial-services companies.
Truckers Looking to Haul in More Profits
Trucking companies are hoping to turn the most robust freight
market in years into stronger long-term financial footing. But
analysts caution that rising wages could offset strong
second-quarter results.
(END) Dow Jones Newswires
July 22, 2018 21:15 ET (01:15 GMT)
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