News Highlights: Top Company News of the Day
October 21 2018 - 11:30PM
Dow Jones News
Mnuchin's Sears Ties Resurface Over Pension Debt
Senate Democrats urged Treasury Secretary Steven Mnuchin to
recuse himself from any decisions involving the U.S. government's
pension insurer and Sears Holdings Corp., the bankrupt retailer he
previously backed.
SEC Opens Investigation Into Honeywell's Accounting
Honeywell International said the SEC opened an investigation
into its accounting of asbestos-related claims.
In a Tight Labor Market, Even the Staffing Firms Struggle
Staffing company ManpowerGroup gave a muted outlook Friday as a
tight U.S. labor market continues to pinch revenue and political
uncertainties in Europe cause employers to rethink short-term
hiring plans.
Chevron Ready to Resume Oil Output in Wafra if Saudis, Kuwaitis Agree
Chevron stands ready to restart pumping oil in a field shared by
Saudi Arabia and Kuwait once the countries settle a dispute over
environmental licenses, the company said Friday.
Daimler Issues Profit Warning, Sending Shares Down
Daimler warned of "significantly lower" earnings for the full
year and said profit had dropped 27% in the three months to Sept.
30, sending shares to a five-year low.
Hasbro to Cut Workforce in New Round of Layoffs
The toy company is planning layoffs that will trim less than 10%
of its workforce, a move the maker of Monopoly, Nerf guns and
Disney Princess dolls says is a response to changes in how
consumers buy and play with toys.
P&G Posts Strongest Sales Growth in Five Years
Procter & Gamble booked its strongest quarterly sales gains
in five years on the back of healthy global demand for bathroom
staples like Head & Shoulders shampoo and Gillette razors.
Facebook Turns to U.K. Politician to Help Repair Image
Facebook has hired Britain's former deputy prime minister, Nick
Clegg, as its top policy and communications executive, giving a
Silicon Valley outsider the task of mending the social network's
image.
Amazon Revisits Some Cities as HQ2 Decision Looms
Amazon executives have made a fresh round of visits to several
of the 20 finalists for its $5 billion second-headquarters project,
fueling added anticipation as it nears a decision in a process that
has stretched over more than a year.
Arkansas Bank's Shares Tank on Loan Losses
Shares of Bank OZK fell 23% after the bank said it had charged
off almost $46 million on two different real-estate credits.
(END) Dow Jones Newswires
October 21, 2018 23:15 ET (03:15 GMT)
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