News Highlights: Top Company News of the Day
January 23 2020 - 3:30PM
Dow Jones News
Wells Fargo Ex-CEO Banned, to Pay $17 Million in Fake-Account Scandal
Former Wells Fargo CEO John Stumpf was barred from the banking
industry and agreed to pay $17.5 million in a settlement with the
Office of the Comptroller of the Currency.
Jobs, Cook, Ive-Blevins? The Rise of Apple's Cost Cutter
Apple procurement executive Tony Blevins's job is to stare down
suppliers and slash prices to the bone. It's a role increasingly
vital to Apple as its iPhone sales slow and the company protects
its high margins and status as an operations juggernaut.
Former Daily News Editor in Chief to Run Deadspin
G/O Media has turned to veteran editor Jim Rich to lead
Deadspin, the sports website that has been rudderless since its
entire staff resigned last fall
Travelers Posts Higher Profit But Warns About Lawsuit Payments
The insurer, one of the first big property-casualty insurers to
report quarterly earnings, posted a higher fourth-quarter profit
but said it faced higher-than-expected claims payments for lawsuits
and jury awards.
Union Pacific to Cut Nearly 3,000 Jobs
The railroad operator said it plans to cut nearly 3,000 jobs
this year as it pushes ahead with its new operating plan. The
company's profit fell almost 10% in the fourth quarter.
MAX Operators Lose Ground
U.S. airlines that operate the Boeing 737 MAX are facing the
prospect that the aircraft's prolonged grounding could stymie their
growth and benefit competitors well into this year.
Xerox to Nominate 11 Candidates to Replace HP's Board
Xerox's move comes as it pushes a $33 billion unsolicited
takeover bid for the computer and printer maker.
P&G Continues to Ride Shift to Premium Products
Procter & Gamble reported another quarter of rising sales
and profits as the marketing giant persuaded consumers to upgrade
to premium versions of Tide and Crest products, but the growth
slowed from the previous quarter.
Amazon Prime Video Gives Amateur How-To's, Conspiracy Theories a Stage
The streaming service has accepted nonprofessional and sometimes
questionable content to build a video library that in Amazon's
style can dominate the competition through sheer volume.
Kotex Decides Women's Blood Is Red, Not Blue
A new ad campaign for the Kimberly-Clark Corp. brand is using a
realistic-looking red fluid, rather than the ubiquitous
antiseptic-blue liquid, to represent menstrual blood.
(END) Dow Jones Newswires
January 23, 2020 15:15 ET (20:15 GMT)
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