News Highlights: Top Company News of the Day

Date : 01/27/2020 @ 10:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

 
For First Time, J&J CEO Testifies in a Talcum-Powder Court Case 
 

Chief Executive Alex Gorsky testified in court for the first time in litigation over the safety of Johnson & Johnson's signature baby powder, saying the company has taken steps to ensure it is safe to use.

 
Whirlpool Profits from Higher Prices 
 

Whirlpool said profit increased in the latest quarter after it raised prices on some appliances and raw-material cost increases cooled.

 
Village Inn, Bakers Square Restaurant Chains File for Bankruptcy 
 

The operator of the Village Inn and Bakers Square restaurant chains has filed for bankruptcy as it faces pressure from casual dining brands and larger competitors.

 
Arconic Considers Job Cuts Due to Boeing 737 MAX Production Halt 
 

Boeing supplier Arconic said it expected to lose $400 million in sales and could cut jobs this year as a result of the plane maker's halted production of the 737 MAX.

 
Regulators Probe Potential Dean Foods Merger 
 

The Justice Department is probing a potential merger between Dean Foods and the Dairy Farmers of America and the effect it might have on milk prices.

 
Sprint Continues to Lose Customers as It Waits for T-Mobile Verdict 
 

Sprint lost 115,000 postpaid phone connections in the final three months of 2019, as the company pulled back on promotions and the company's merger with larger rival T-Mobile remained unresolved.

 
GM Picks Detroit Factory to Build Driverless Shuttle, Electric Trucks 
 

General Motors said it will build a new autonomous vehicle at a plant in Detroit, solidifying its hometown as a hub of future technology as it bets big on driverless and electric vehicles.

 
Credit Suisse Chief Rebuts Claim He Ordered Damaging Information 
 

Credit Suisse Chief Executive Tidjane Thiam used his new Instagram account to deny he sought out negative information about an employee at the bank.

 
Renault Looks to Ex-VW Executive for Turnaround After Ghosn Crisis 
 

Renault is planning to name former Volkswagen executive Luca de Meo as its chief executive this week, as it seeks to move past the scandal surrounding former leader Carlos Ghosn.

 
Planters Pauses Promotion of Mr. Peanut's Super Bowl Funeral After Kobe Bryant Dies 
 

Kraft Heinz's Planters brand apologized for distributing prayer candles for Mr. Peanut as part of its Super Bowl campaign about the mascot's death and said it would consider what's next after a helicopter crash killed Kobe Bryant.

 
 

(END) Dow Jones Newswires

January 27, 2020 17:00 ET (22:00 GMT)

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


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