News Highlights: Top Company News of the Day

Date : 09/11/2018 @ 09:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

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 -- 

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)

Copyright (c) 2018 Dow Jones & Company, Inc.
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