News Highlights: Top Company News of the Day
18 July 2017 - 1:30AM
Dow Jones News
Peltz Launches Proxy Fight Against P&G
Investor Nelson Peltz has launched a fight for a board seat at
Procter & Gamble, in an effort to jolt the consumer-products
giant whose sales and profit growth stalled, the company said.
KKR Elevates Two Executives as Part of Succession Planning
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.
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.
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.
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.
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.
BlackRock's Earnings Rise On Stronger Inflows
BlackRock, the world's largest money manager, said its
second-quarter earnings and sales rose as investors sought larger
returns on their assets.
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.
Emirates, Flydubai Connect in New Middle East Airline Alliance
Dubai-based carriers Emirates and Flydubai are going to work
more closely together through a wide-ranging tie-up, in the latest
sign that intensifying political and economic pressures are making
Middle East carriers rethink their business plans.
Lockheed Martin Earnings: What to Watch
The modest bump in the U.S. defense budget is good news for
Lockheed Martin, but there is lingering uncertainty about future
growth as the White House develops its military strategy, and
instability in the Middle East rattles key export markets.
(END) Dow Jones Newswires
July 17, 2017 11:15 ET (15:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.