News Highlights: Top Company News of the Day
January 27 2020 - 5:15PM
Dow Jones News
For First Time, J&J CEO Testifies in a Talcum-Powder Court Case
Chief Executive Alex Gorsky testified in court for the first
time in litigation over the safety of Johnson & Johnson's
signature baby powder, saying the company has taken steps to ensure
it is safe to use.
Whirlpool Profits from Higher Prices
Whirlpool said profit increased in the latest quarter after it
raised prices on some appliances and raw-material cost increases
cooled.
Village Inn, Bakers Square Restaurant Chains File for Bankruptcy
The operator of the Village Inn and Bakers Square restaurant
chains has filed for bankruptcy as it faces pressure from casual
dining brands and larger competitors.
Arconic Considers Job Cuts Due to Boeing 737 MAX Production Halt
Boeing supplier Arconic said it expected to lose $400 million in
sales and could cut jobs this year as a result of the plane maker's
halted production of the 737 MAX.
Regulators Probe Potential Dean Foods Merger
The Justice Department is probing a potential merger between
Dean Foods and the Dairy Farmers of America and the effect it might
have on milk prices.
Sprint Continues to Lose Customers as It Waits for T-Mobile Verdict
Sprint lost 115,000 postpaid phone connections in the final
three months of 2019, as the company pulled back on promotions and
the company's merger with larger rival T-Mobile remained
unresolved.
GM Picks Detroit Factory to Build Driverless Shuttle, Electric Trucks
General Motors said it will build a new autonomous vehicle at a
plant in Detroit, solidifying its hometown as a hub of future
technology as it bets big on driverless and electric vehicles.
Credit Suisse Chief Rebuts Claim He Ordered Damaging Information
Credit Suisse Chief Executive Tidjane Thiam used his new
Instagram account to deny he sought out negative information about
an employee at the bank.
Renault Looks to Ex-VW Executive for Turnaround After Ghosn Crisis
Renault is planning to name former Volkswagen executive Luca de
Meo as its chief executive this week, as it seeks to move past the
scandal surrounding former leader Carlos Ghosn.
Planters Pauses Promotion of Mr. Peanut's Super Bowl Funeral After Kobe Bryant Dies
Kraft Heinz's Planters brand apologized for distributing prayer
candles for Mr. Peanut as part of its Super Bowl campaign about the
mascot's death and said it would consider what's next after a
helicopter crash killed Kobe Bryant.
(END) Dow Jones Newswires
January 27, 2020 17:00 ET (22:00 GMT)
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