News Highlights: Top Company News of the Day
16 February 2019 - 5:30AM
Dow Jones News
Cognizant to Pay $25 Million to Settle Bribery Claims
Two former executives of Cognizant Technology Solutions were
charged by U.S. authorities with foreign bribery for allegedly
approving illicit payments in India to build a corporate campus
there.
Amazon Invests in Electric-Car Maker Rivian
Amazon.com has climbed aboard the electric-vehicle bandwagon,
leading a $700 million investment round for car-making startup
Rivian Automotive.
U.S. Imposes Sanctions on More Venezuelan Officials
The U.S. imposed sanctions against the head of Venezuela's
state-owned oil giant Petróleos de Venezuela SA and five top
intelligence and security officials as Washington seeks the ouster
of President Nicolás Maduro.
Wells Fargo Chief Is Expected to Appear Solo Before House Panel
Wells Fargo is expected to be the first bank to face a grilling
by House Democrats who took over the Financial Services Committee
in the new Congress, with a March hearing focused on its
scandals.
Private-Equity Firm Great Hill Partners in Talks to Buy Gizmodo Media Group
Great Hill Partners is in exclusive talks with Univision
Communications to buy Gizmodo Media Group, a deal that would add a
marquee digital brand to the private-equity firm's portfolio.
Nissan Enlisted Japanese Government to Fend Off Renault Merger
Months before the arrest of auto titan Carlos Ghosn, the
Japanese government intervened in talks about whether to merge
Nissan and Renault .
PepsiCo Plans Job Cuts, Plant Closures
PepsiCo plans to shed jobs and close plants over the next few
years as part of a new restructuring program, as Chief Executive
Ramon Laguarta looks to make his imprint on the food and beverage
company.
Mexico Unveils Plan to Support Pemex
Mexican President Andrés Manuel López Obrador unveiled a $5.2
billion rescue package for Petróleos Mexicanos, which the new
government hopes would help stem the state oil company's bleeding
and recover falling output.
Newell Brands' Sales Continue to Decline
Newell Brands, maker of Rubbermaid containers, Sharpies and
Elmer's glue, missed sales expectations in its latest quarter and
forecast a lower-than-estimated outlook for the year despite
reporting that one of its business segments returned to growth.
Deere Swings to Profit But Higher Costs Weigh on Business
Deere & Co. swung to a profit in the latest quarter, though
that was tempered by higher raw material and logistics costs as
well as concerns over global trade tensions.
(END) Dow Jones Newswires
February 15, 2019 13:15 ET (18:15 GMT)
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