News Highlights: Top Company News of the Day
January 27 2020 - 9:15AM
Dow Jones News
Renault Looks to Former VW Executive for Turnaround After Ghosn Crisis
Renault is planning to name former Volkswagen executive Luca de
Meo as its chief executive at an extraordinary board meeting this
week, according to people familiar with the matter, as it seeks to
move past the scandal surrounding its former leader Carlos
Ghosn.
Energy Company Southland Royalty Nears Bankruptcy Filing
Southland Royalty Co., an oil-and-gas company that has received
more than $1 billion in capital commitments from private-equity
firm EnCap Investments, is preparing to file for bankruptcy
protection, said people familiar with the matter.
U.S. Gold Giant Bets on Dividends, Improved Mines to Hold Off Rival
Newmont, America's largest miner, is counting on dividends and
mines it bought last year, as rival Barrick nips at its heels.
India Seeks Bidders for 100% Stake in Flag Carrier
The Modi government has agreed to sell its entire stake in Air
India, making it more attractive to potential buyers in a bid to
raise money to bolster the economy and end its exposure to the
money-losing airline.
Bayer Looks to Emerging Technique to Overcome AI Data Challenges
The company plans to use "federated learning" to access data it
doesn't own to identify promising drug compounds and help spot a
rare gene mutation.
Tech Giants to Governments: Please Regulate Us
Sensing new regulation is coming, Alphabet, Microsoft, Facebook,
Apple and others are moving to shape policy discussions, calling
for new laws on a range of issues-even as some have already
resisted certain measures.
The Pharmacist Is Out: Supermarkets Close Pharmacy Counters
Hundreds of regional grocery stores are closing or selling
struggling pharmacy counters, as consumers make fewer trips to fill
prescriptions and big drugstore chains tighten their grip on the
market.
State Attorneys General to Meet With Justice Officials to Coordinate on Google Probe
State attorneys general will meet with U.S. Justice Department
attorneys next week to share information on their respective probes
of Alphabet's Google unit, a step that could eventually lead to
both groups joining forces
The Next Obstacle to T-Mobile, Sprint Merger: California Regulators
T-Mobile and Sprint are waiting for a federal judge to rule on
whether they can merge, but the companies face another hurdle even
if they overcome that legal challenge: the California Public
Utilities Commission.
Kraft Heinz CEO, Pushing for Growth, Separates Winners From Losers
Kraft Heinz CEO Miguel Patricio talked to board members about
winners and losers in the company's stable of packaged-food brands
last week, as he moves ahead with a plan to place fewer, bolder
bets to boost sales.
(END) Dow Jones Newswires
January 27, 2020 09:00 ET (14:00 GMT)
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