News Highlights: Top Company News of the Day
January 23 2018 - 9:15PM
Dow Jones News
Weinstein Co. Advances Toward Sale
Weinstein Co.'s owners have entered exclusive negotiations to
sell the embattled studio to a group led by businesswoman Maria
Contreras-Sweet for a little more than $500 million, people close
to the talks said.
Clash Between Founder and Protégé Plunges Och-Ziff Into Crisis
Och-Ziff Capital Management faces turmoil as founder Daniel Och
upends plan for James Levin to succeed him as head of the U.S.'s
largest publicly traded hedge fund. Behind the rift: money and
control.
Musk Could Net Billions by Hitting Tesla's New Milestones
Tesla unleashed a bold pay package for Chief Executive Elon Musk
that again ties his compensation entirely to key performance
benchmarks. This time, the goals take the electric-car maker to
cosmic heights, including an ultimate aim of hitting $650 billion
in market value.
Bank of America Expands Office Space in L.A.
Bank of America has renewed its office lease in downtown Los
Angeles and taken more space as competition for office tenants
heats up among landlords.
Disney to Pay $1,000 Bonuses
Walt Disney Co. will pay $1,000 cash bonuses to more than
125,000 workers and put $50 million into a new program to cover
tuition costs for hourly workers, the company said Tuesday.
Minnesota Public Radio Defends Firing of Host Garrison Keillor
Two months after cutting ties with Garrison Keillor, Minnesota
Public Radio offered a lengthy explanation that appeared to
contradict the prominent radio host's own account of his ouster
over allegations of inappropriate behavior.
Court Drops Government's Appeal of MetLife Case
A federal appeals court dismissed a case involving MetLife
Inc.'s designation as a "systemically important financial
institution," the last step in the insurer's path to shedding the
label.
Consumer Brands Can't Cut Their Way to Growth
Procter & Gamble and Kimberly-Clark are under pressure to
invest in expansion.
Sexual-Harassment Suit Naming Ad Agency Shines Light on Client Dealings
A former staffer at IPG's Initiative media agency claims she was
sexually assaulted by an employee of Dr Pepper, an important
client, and agency executives retaliated against her.
United Continental Reports Higher-Than-Expected Earnings
United Continental Holdings Inc. said fourth-quarter net income
rose 46% on a modest uptick in revenue and laid out plans to invest
in hubs and add capacity to better compete with rivals.
(END) Dow Jones Newswires
January 23, 2018 21:00 ET (02:00 GMT)
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