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 19:15 ET (23:15 GMT)

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