News Highlights: Top Company News of the Day
AT&T Gets a Do-Over
The telecom giant's media retreat will pare debt and focus
spending on competition with a newly empowered T-Mobile.
Former Brooks Brothers Owner Sued for Deciding to 'Roll the Dice' on Bankruptcy
A Brooks Brothers part-owner that lost $100 million when the
menswear retailer went bankrupt last year sued its former
controlling Del Vecchio family for allegedly ignoring potential
deals that could have warded off chapter 11.
TV Deal Maker Behind 'Fixer Upper' Will Be HBO's New Overseer
Discovery CEO David Zaslav will head a new venture formed by his
company's merger with AT&T's WarnerMedia, as he seeks to build
a streaming juggernaut aiming to take a bite out of Netflix and
Deutsche Bank Picks U.S. General Counsel to Head Anti-Financial Crime Unit
Joe Salama will split his time between Frankfurt and the U.S.,
as the bank tries to keep a close relationship with U.S.
Bill Gates Transfers $850 Million in Deere Shares to Melinda French Gates
The billionaire has disclosed more than $3 billion in stock
transfers since the couple filed for divorce on May 3.
Home Depot Sales Surge, Extending Growth During Pandemic
The home-improvement retailer's same-store sales rose 31% in
latest quarter as growth in demand that began with the pandemic
continued into 2021.
Bank of America to Raise U.S. Minimum Hourly Wage to $25 by 2025
Just over one year after raising its U.S. minimum wage to $20 an
hour, Bank of America said it plans to raise its hourly minimum to
$25 by 2025.
JPMorgan Puts CEO Contenders in Charge of Consumer Operation
JPMorgan Chase is putting two of the contenders vying to succeed
CEO Jamie Dimon in charge of its consumer-banking operation,
further cementing them as front-runners to lead the U.S.'s biggest
Walmart Gets Back to Basics
Investors may need to see a couple more quarters of
unquestionable market share gains in the grocery aisles before
Walmart can close its valuation gap with some peers.
Amazon Reportedly in Talks to Buy MGM Movie Studio
The industry's consolidation is accelerating in the wake of
pandemic-induced changes in consumer behavior.
(END) Dow Jones Newswires
May 18, 2021 17:15 ET (21:15 GMT)
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