News Highlights: Top Company News of the Day
09 November 2018 - 9:30AM
Dow Jones News
Walt Disney Posts Record Annual Profit
Disney turned in a strong financial performance in the latest
period, as its parks-and-resorts and studio-entertainment segments
helped it deliver record profit and revenue for the year.
Google Picks Geisinger Health CEO to Oversee Health-Care Initiatives
Google will fill a new health-care leadership post with
Geisinger's David Feinberg.
P&G Moves to Streamline Its Structure
Procter & Gamble Co. said it would revamp its management
structure, shrinking the number of business units from 10 to six
and giving the heads of those products control over regional sales
teams as well as some functions previously run by headquarters.
Johnson Controls Hits Snag in Process to Sell Car-Battery Business
Johnson Controls hit a last-minute snag in the sale of its
automotive-battery business to Brookfield Asset Management, and
Apollo Global has been invited to rebid.
South Carolina Utility Can't Escape Customers' $4 Billion Nuclear Claim
Santee Cooper can be sued over electricity collections,
according to court ruling
Chevron Stayed in Venezuela Long After Rivals Quit. It's Having Second Thoughts
It's both a moral and commercial choice. Profits are drying up
amid corruption and a social and economic crisis. Chevron has
weighed leaving, given the taint of working with the Maduro
government, but fears a withdrawal could make things worse for the
country.
FTC Says MoneyGram to Pay $125 Million to Settle Fraud Allegations
The U.S. Federal Trade Commission on Thursday said MoneyGram
International, Inc. has agreed to pay $125 million to settle
allegations that the company failed to take steps to crack down on
fraudulent money transfers.
Coke's New Drinks May Violate Deal, Monster Says
Coca-Cola plans to launch Coke-branded energy drinks, returning
to a growing category that would put the beverage giant in
competition with partner Monster Beverage.
Google to End Forced Arbitration for Sexual-Harassment Claims
Google said it would end its requirement for employee sexual
harassment claims to be handled in private arbitration, one week
after thousands of workers walked out around the world to protest
its handling of workplace issues.
Wells Fargo Mulls Sale of Retirement-Plan Services -- Barrons.com
Wells Fargo is pondering unloading its retirement-plan services
business, Bloomberg reports, citing anonymous sources familiar with
the matter
(END) Dow Jones Newswires
November 08, 2018 17:15 ET (22:15 GMT)
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