News Highlights: Top Company News of the Day

Date : 01/27/2020 @ 2:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Renault Looks to Former VW Executive for Turnaround After Ghosn Crisis 

Renault is planning to name former Volkswagen executive Luca de Meo as its chief executive at an extraordinary board meeting this week, according to people familiar with the matter, as it seeks to move past the scandal surrounding its former leader Carlos Ghosn.

Energy Company Southland Royalty Nears Bankruptcy Filing 

Southland Royalty Co., an oil-and-gas company that has received more than $1 billion in capital commitments from private-equity firm EnCap Investments, is preparing to file for bankruptcy protection, said people familiar with the matter.

U.S. Gold Giant Bets on Dividends, Improved Mines to Hold Off Rival 

Newmont, America's largest miner, is counting on dividends and mines it bought last year, as rival Barrick nips at its heels.

India Seeks Bidders for 100% Stake in Flag Carrier 

The Modi government has agreed to sell its entire stake in Air India, making it more attractive to potential buyers in a bid to raise money to bolster the economy and end its exposure to the money-losing airline.

Bayer Looks to Emerging Technique to Overcome AI Data Challenges 

The company plans to use "federated learning" to access data it doesn't own to identify promising drug compounds and help spot a rare gene mutation.

Tech Giants to Governments: Please Regulate Us 

Sensing new regulation is coming, Alphabet, Microsoft, Facebook, Apple and others are moving to shape policy discussions, calling for new laws on a range of issues-even as some have already resisted certain measures.

The Pharmacist Is Out: Supermarkets Close Pharmacy Counters 

Hundreds of regional grocery stores are closing or selling struggling pharmacy counters, as consumers make fewer trips to fill prescriptions and big drugstore chains tighten their grip on the market.

State Attorneys General to Meet With Justice Officials to Coordinate on Google Probe 

State attorneys general will meet with U.S. Justice Department attorneys next week to share information on their respective probes of Alphabet's Google unit, a step that could eventually lead to both groups joining forces

The Next Obstacle to T-Mobile, Sprint Merger: California Regulators 

T-Mobile and Sprint are waiting for a federal judge to rule on whether they can merge, but the companies face another hurdle even if they overcome that legal challenge: the California Public Utilities Commission.

Kraft Heinz CEO, Pushing for Growth, Separates Winners From Losers 

Kraft Heinz CEO Miguel Patricio talked to board members about winners and losers in the company's stable of packaged-food brands last week, as he moves ahead with a plan to place fewer, bolder bets to boost sales.


(END) Dow Jones Newswires

January 27, 2020 09:00 ET (14:00 GMT)

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

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