News Highlights: Top Company News of the Day
June 21 2018 - 1:15PM
Dow Jones News
Intel CEO Resigns Over Relationship With Employee
Intel CEO Brian Krzanich resigned after the company determined
he violated company policy by having a past, consensual
relationship with an Intel employee.
Kroger's New Approach to Stocking Shelves Is Boosting Earnings
Kroger delivered stronger than expected earnings and sales
growth on Thursday, sending its stock up around 10% in early
trading.
Darden Restaurants Sees 2.2% Same-Store Sales Growth
Darden Restaurants made $175.4 million from continuing
operations, or $1.40 a share, up 40% from the same quarter a year
ago. Same-store sales rose by 2.2%, beating estimates from
analysts.
Cruise-Control Glitch Makes Fiat Chrysler No. 1 in Recalls
Fiat Chrysler's recall in May of more than five million
vehicles, because of a flaw that could prevent drivers from
canceling cruise control, has made it the car maker with the most
recalls in the U.S.
This $2.5 Billion Wildfire Charge May Be Just the Beginning for California Utilities
The parent of California's largest investor-owned utility plans
to take a $2.5 billion charge related to a spate of deadly
wildfires that swept the northern part of the state last
October.
AmTrust Goes Private in $2.95 Billion Cash Deal
AmTrust Financial Services announced that shareholders have
approved its plan to be taken private by two New York families and
a private-equity firm.
AT&T Unveils $15-a-Month Video Service
The service, tentatively named WatchTV, aims to use a "skinny
bundle" of channels to recapture some of the millions of
cord-cutters who dropped cable and satellite television.
Insurers to Expand Presence in Affordable Care Act Marketplaces
After years of pullbacks, insurers are increasing their
footprints in the Affordable Care Act marketplaces next year,
despite uncertainty including the latest court challenge to the
health law.
Daimler Issues Profit Warning as Chinese Tariffs Hit U.S.-Built SUVs
Daimler shares fell sharply after the car maker issued a
surprise profit warning, saying Chinese retaliatory import duties
on vehicles built in the U.S. would hit sales and profits of the
SUVs it builds at its Alabama factory.
Martin Sorrell Criticizes WPP's Strategy Following His Departure
WPP founder Martin Sorrell lashed out at the ad giant,
criticizing the company's strategy as well as its handling of his
resignation as chief executive.
(END) Dow Jones Newswires
June 21, 2018 13:00 ET (17:00 GMT)
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