News Highlights: Top Company News of the Day
18 July 2017 - 05:30AM
Dow Jones News
Activist Proxy Fight Puts Focus on P&G's Cost-Cutting Effort
Over the years when Procter & Gamble wasn't able to sell
more Tide or Pampers, the company could at least point to one clear
success: a sweeping, $10 billion cost-cutting plan executed ahead
of schedule.
A New Generation Is Poised to Take Control of KKR
KKR promoted two senior executives to run its day-to-day
operations, a step in planning for the succession of Henry Kravis
and George Roberts, who co-founded the private-equity pioneer in
1976.
India's Mahindra Doubling U.S. Investment Over Five Years
Mahindra & Mahindra Ltd. plans to double its bets in the
U.S. over the next five years, spending $1 billion in an effort to
strengthen the Indian company's brand as President Donald Trump
pressures companies foreign and domestic to steer investments
toward America.
BNY Mellon Names Former Visa Executive Scharf CEO
Bank of New York Mellon named former Visa and J.P. Morgan Chase
executive Charles Scharf as its chairman and CEO, as the trust bank
looks to jump-start growth and embrace the technological changes
sweeping through the financial-services industry.
BlackRock's Earnings Rise On Stronger Inflows
BlackRock pulled in another $103.6 billion in the second
quarter, further solidifying the largest trend in asset management
where billions keep flooding into lower-cost funds, often at the
cost of money run by human stock and bond pickers.
China Blocks Big Banks From Lending to Dalian Wanda
The Chinese government is putting the brakes on Dalian Wanda's
overseas acquisitions, clouding the company's ambitions to become a
global entertainment powerhouse.
Church & Dwight to Buy Water Pik
Church & Dwight said Monday it will buy Water Pik for $1
billion in cash from private-equity firm MidOcean Partners.
Washington Cos. to Buy Dominion Diamond
Canadian mining company Dominion Diamond said Monday that it
agreed to be acquired for $1.15 billion after a monthslong standoff
with Montana-based Washington Cos.
Judge Narrows Scope of Pay Data Google Has to Turn Over
Google won't need to turn over an entire set of employee
compensation data to federal auditors, dealing a setback to the
Department of Labor's effort to prove the internet giant is
underpaying women.
FedEx Struggles to Bounce Back From Cyberattack
Customers waiting for packages abroad are experiencing
significant delays as FedEx continues to reel from the effects of a
June 27 cyberattack.
(END) Dow Jones Newswires
July 17, 2017 15:15 ET (19:15 GMT)
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