News Highlights: Top Company News of the Day
April 22 2019 - 7:15PM
Dow Jones News
Whirlpool Profit Rises, Helped by Higher Prices, Cutting Costs
Price increases and efforts to reduce operating costs helped
Whirlpool lift profits in the latest quarter, despite weaker demand
in some markets.
Facebook Hires Top State Department Lawyer and Bill Gates's Former PR Chief
Facebook is bringing on a new top lawyer and a communications
boss to handle the mounting regulatory and public-relations crises
facing the social-media giant.
Disney Heiress Criticizes CEO Robert Iger's Pay
Abigail Disney, granddaughter of company co-founder Roy O.
Disney, said Robert Iger's $65 million pay package is an example of
the bulk of corporate profits going to the wrong employees.
As Uber Nears Debut, NYSE Plans IPO Test
The New York Stock Exchange will give trading firms an
opportunity to test systems as it gears up for the blockbuster
debut of ride-hailing service Uber Technologies as soon as next
month.
Beyond Meat Sets IPO Terms, Seeking Valuation Up to $1.2 Billion
Beyond Meat has set terms of its IPO that could raise roughly
$184 million at the high end of its estimated price range, as the
plant-based meat substitute startup moves closer to its planned
Wall Street debut.
Poseida Therapeutics Shelves IPO, Raises $142 Million Instead
Poseida Therapeutics Inc. said it has raised a $142 million
venture round to develop treatments for cancer and orphan genetic
diseases, putting aside its intention to go public.
Forget Tide Pods. P&G Bets Water-Free Soap 'Swatches' Are the Future.
Procter & Gamble, seeking to prove that the
consumer-products giant that invented Ivory soap and disposable
Pampers diapers hasn't lost its touch, has spent nearly a decade
working on a new line of products it hopes will fill American
homes.
Samsung's Galaxy Fold Smartphone Release Delayed
Samsung is delaying the rollout of its Galaxy Fold smartphone
until at least next month, the latest fallout from a product
headache that began with tech reviewers reporting their test
devices had malfunctioned.
U.S. Bancorp to Expand to Charlotte as It Overhauls Branch Network
Minneapolis-based U.S. Bancorp said it is opening its first
branch in Charlotte, N.C., and will open, redesign or move about 60
to 80 branches in its core markets by the end of next year.
Kraft's New CEO Faces Tough Task: Revive 'Dusty' Brands
Kraft Heinz named a new chief executive, appointing a fellow
veteran manager of companies backed by investment firm 3G Capital
to succeed Bernardo Hees amid weak sales and a federal
investigation into the food giant's procurement practices.
(END) Dow Jones Newswires
April 22, 2019 19:00 ET (23:00 GMT)
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