News Highlights: Top Company News of the Day

Date : 01/23/2020 @ 8:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Wells Fargo Ex-CEO Banned, to Pay $17 Million in Fake-Account Scandal 

Former Wells Fargo CEO John Stumpf was barred from the banking industry and agreed to pay $17.5 million in a settlement with the Office of the Comptroller of the Currency.

Jobs, Cook, Ive-Blevins? The Rise of Apple's Cost Cutter 

Apple procurement executive Tony Blevins's job is to stare down suppliers and slash prices to the bone. It's a role increasingly vital to Apple as its iPhone sales slow and the company protects its high margins and status as an operations juggernaut.

Former Daily News Editor in Chief to Run Deadspin 

G/O Media has turned to veteran editor Jim Rich to lead Deadspin, the sports website that has been rudderless since its entire staff resigned last fall

Travelers Posts Higher Profit But Warns About Lawsuit Payments 

The insurer, one of the first big property-casualty insurers to report quarterly earnings, posted a higher fourth-quarter profit but said it faced higher-than-expected claims payments for lawsuits and jury awards.

Union Pacific to Cut Nearly 3,000 Jobs 

The railroad operator said it plans to cut nearly 3,000 jobs this year as it pushes ahead with its new operating plan. The company's profit fell almost 10% in the fourth quarter.

MAX Operators Lose Ground 

U.S. airlines that operate the Boeing 737 MAX are facing the prospect that the aircraft's prolonged grounding could stymie their growth and benefit competitors well into this year.

Xerox to Nominate 11 Candidates to Replace HP's Board 

Xerox's move comes as it pushes a $33 billion unsolicited takeover bid for the computer and printer maker.

P&G Continues to Ride Shift to Premium Products 

Procter & Gamble reported another quarter of rising sales and profits as the marketing giant persuaded consumers to upgrade to premium versions of Tide and Crest products, but the growth slowed from the previous quarter.

Amazon Prime Video Gives Amateur How-To's, Conspiracy Theories a Stage 

The streaming service has accepted nonprofessional and sometimes questionable content to build a video library that in Amazon's style can dominate the competition through sheer volume.

Kotex Decides Women's Blood Is Red, Not Blue 

A new ad campaign for the Kimberly-Clark Corp. brand is using a realistic-looking red fluid, rather than the ubiquitous antiseptic-blue liquid, to represent menstrual blood.


(END) Dow Jones Newswires

January 23, 2020 15:15 ET (20:15 GMT)

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

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