News Highlights: Top Company News of the Day
February 25 2020 - 5:15PM
Dow Jones News
Disney CEO Bob Iger Steps Down
Robert Chapek, who has led Disney Parks, has been named Walt
Disney CEO, succeeding Bob Iger, who will stay on as executive
chairman.
Salesforce Co-CEO Block Steps Down
Salesforce.com said co-Chief Executive Keith Block is stepping
down, leaving co-founder Marc Benioff solely in charge of the
business-software provider.
FanDuel Founders, Former Employees Sue Over Getting Nothing in Deal
FanDuel's founders and more than 100 former employees say the
company's board of directors and private-equity investors
intentionally undervalued the sports-betting operator to shut them
out of an acquisition deal.
JPMorgan Won't Shun the Fed's Discount Window Anymore
CEO James Dimon said the bank is open to tapping the Federal
Reserve's rainy-day fund.
Streaming Surge Turns Recorded-Music Sales Up to $11 Billion
Recorded-music sales in the U.S. grew 13% last year to the
highest point in more than a decade, with streaming accounting for
80% of overall revenue.
Tupperware Shares Plunge as Company Delays Annual Report
The consumer-products seller is seeking more time to file its
annual report after it disclosed an internal accounting
investigation and warned of pressures on its sales and profit.
FAA Proposes Safety Fix for Another 737 MAX Production Lapse
Boeing faces a new round of safety fixes before the grounded 737
MAX can return to the air, as the FAA targets assembly-line lapses
affecting shields to protect engine wiring during lightning
strikes.
Intuit's New Way to Beat the Taxman
The company best known for its TurboTax software has an array of
competitors in the field, but the most formidable one lurks in the
background.
Barclays Probe Signals 'Governance Weakness,' Activist Investor Says
U.K. officials' probe of Barclays CEO Jes Staley's professional
relationship with late financier Jeffrey Epstein shows "governance
weakness" at the British bank, activist investor Edward Bramson
said.
Two Juul Executives Leave Company in Pullback Overseas
Two executives overseeing international regions for the
e-cigarette maker are departing as it scales back operations
abroad.
(END) Dow Jones Newswires
February 25, 2020 17:00 ET (22:00 GMT)
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