News Highlights: Top Company News of the Day
21 May 2018 - 1:30PM
Dow Jones News
Campbell's Strategy Comes Under Scrutiny After CEO Exit
Denise Morrison was the biggest champion of Campbell's yearslong
push into fresh and refrigerated foods, but her abrupt departure
suggests that the strategy flopped and that the 150-year-old
company needs a new plan.
'Deadpool 2' Surges to No. 1 at Box Office
"Deadpool 2" became the rare R-rated blockbuster at the box
office over the weekend, kicking off what Hollywood hopes is a
robust summer movie season.
Want to Invest in Jack Ma? Avoid Alibaba's Rivals
Investors are being caught in the middle of China's biggest
business rivalry, as those looking to get in on a private
fundraising by Jack Ma's financial-technology firm must agree not
to invest in companies controlled by major rivals like Tencent
Holdings.
Kraft Heinz Prepares to Take On Hellmann's With a New Mayonnaise and 'Mayochup'
The Big Two are cutting prices and slinging out new concoctions
as they battle changing eating habits, an array of new competitors
and each other.
FAA Moved Slower Than Usual on Warning Ahead of Southwest Fatality
Before a fatal accident on a Southwest Airlines flight,
regulators had been weighing stepping up engine inspections for an
unusually long time after the first warnings about a part.
Starbucks Restrooms Open for All Visitors
Starbucks is creating an official policy that allows all guests
to use its cafes, including its restrooms, whether or not they make
a purchase.
Data-Privacy Law Creates New Business for Tech Consultants
The European Union's tough new data-protection law demands
costly changes for many companies and opens rich business
opportunities for others.
Campbell CEO Departs as Sales Cool
Chief executive Denise Morrison stepped down and Campbell Soup
said it might sell some brands, after a bet on fresher foods during
her tenure failed to revive sales.
Baidu's President Stepping Down for 'Family Reasons'
Chinese search engine giant Baidu is facing more turmoil in its
top ranks, with President Qi Lu planning to step down from his
operational roles after about 18 months on the job.
Deere to Raise Prices as Costs Climb
Deere reported stronger-than-expected sales in its second
quarter and raised expectations for the year but warned it
continues to face higher freight and material costs.
(END) Dow Jones Newswires
May 20, 2018 23:15 ET (03:15 GMT)
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