News Highlights: Top Company News of the Day

Date : 01/20/2020 @ 8:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

BAE Systems Unveils Two Buys 

BAE Systems has agreed to buy Collins GPS and Raytheon's airborne tactical radios businesses for $2.2 billion.

Olam International to Split Business in Two 

The Singaporean agriculture company said one of the new groups will operate in the food-ingredient industry and the other will focus on food products and animal feed.

Streaming War's Battle Lines Still Being Drawn 

Questions around sustainability and subscribers of streaming services are unlikely to be answered even by the end of this year.

Loss of Contracts Sinks Apollo's Defense Bet 

The spike in Mideast tensions may have come too late for Constellis Group, the defense contractor owned by Apollo Global with roots in the Blackwater mercenary training firm.

Cash, Plastic or Hand? Amazon Envisions Paying With a Wave 

The tech giant is creating checkout terminals that could be placed in stores and allow shoppers to link their card information to their hands.

Airbnb Asks Shareholders to Share With Other Stakeholders 

Airbnb's plan to tie compensation to goals broader than profit is equivalent to telling companies' owners they aren't as important as they think. It remains to be seen whether Wall Street agrees.

Arconic Names Chief Executive of Spinoff Company 

Arconic named Timothy D. Myers chief executive officer for an aluminum rolling company that will be created later this year when Arconic splits into two companies.

Morgan Stanley Cuts CEO James Gorman's Bonus 

Morgan Stanley paid its chief executive, James Gorman, $27 million for his work in 2019, a pay cut for a year when the bank's revenue hit a record but its shares lagged behind those of rivals.

Best Buy Opens Probe Into CEO's Personal Conduct 

The board of Best Buy is investigating allegations that Chief Executive Corie Barry had an inappropriate romantic relationship with a fellow executive, who has since left the electronics retailer.

Judge Slashes Damages in J&J Risperdal Case to $6.8 Million From $8 Billion 

A judge reduced the amount of punitive damages Johnson & Johnson must pay in a lawsuit over its antipsychotic Risperdal to $6.8 million from the $8 billion awarded by a jury in October.


(END) Dow Jones Newswires

January 20, 2020 03:15 ET (08:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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