News Highlights: Top Company News of the Day
July 15 2019 - 7:30PM
Dow Jones News
L Brands CEO Les Wexner Says He Didn't Know About Jeffrey Epstein's Behavior
L Brands founder and longtime CEO Leslie Wexner said he wasn't
aware of his former money manager Jeffrey Epstein's alleged
criminal behavior, breaking his silence on the matter to say that
his "heart goes out to each and every person who has been
hurt."
Judge Cuts $55 Million From $80 Million Roundup Verdict
A federal judge cut down by $55 million a verdict tying Bayer's
Roundup weedkiller to cancer, as the company continues to battle
thousands of similar claims throughout the U.S.
LVMH Buys Minority Stake in Stella McCartney House
LVMH Möet Hennessy Louis Vuitton bought a minority stake in the
British fashion house set up by Stella McCartney, giving the French
luxury company a high-profile vehicle to tap growing demand for
high-end clothing marketed as sustainable.
IKEA to Close Its Only U.S. Factory
IKEA is closing its only manufacturing site in the U.S.,
shifting the operations to Europe where the furniture company says
production costs are lower.
Judge to Weigh $17 Billion Opioid Case Against Johnson & Johnson
Attorneys for the state of Oklahoma urged a judge to hold
Johnson & Johnson responsible for the state's opioid epidemic
and make the company pay more than $17 billion.
Facebook Faces Bipartisan Resistance to Cryptocurrency Plans
U.S. officials ranging from Treasury Secretary Steven Mnuchin, a
Republican, to Rep. Maxine Waters, the Democratic chairwoman of a
powerful House committee, came out swinging against Facebook's
Libra project.
The Amazon Prime Day Deal That Walmart and Target Can't Match
The Prime Day event is another way to tighten Amazon's grip on
shoppers by getting them to enroll in its Prime membership program,
which adds an important revenue stream and loyal customers.
Blackstone Close to Deal to Buy CRH Division
Global buyout firm Blackstone Group is in advanced talks to buy
the European distribution arm of CRH, one of the world's largest
building-materials suppliers.
Unilever Uses Virtual Factories to Tune Up Its Supply Chain
The consumer-goods company is building virtual versions of its
factories, using data streaming from sensor-equipped machines to
create digital models that can track physical conditions and enable
testing of operational changes.
Charles Schwab in Talks to Buy USAA Wealth-Management, Brokerage Units
Charles Schwab is in talks to buy brokerage and
wealth-management operations from USAA for roughly $2 billion, a
move that would push the discount-brokerage pioneer further into
financial advice.
(END) Dow Jones Newswires
July 15, 2019 19:15 ET (23:15 GMT)
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