News Highlights: Top Company News of the Day
23 July 2018 - 11:30PM
Dow Jones News
Chinese Telecom Giant Could Dial Up the Biggest IPO Since Alibaba
China Tower, the monopoly behind China's vast network of
cellphone towers, started marketing what could be the world's
largest initial public offering in four years.
LifePoint Health Agrees to Apollo Buyout
Apollo Global Management is buying LifePoint Health in a deal
with an enterprise value of about $5.6 billion.
Sudden CEO Shift Jolts Fiat Chrysler
The deteriorating health of Sergio Marchionne forced Fiat
Chrysler to replace him as CEO this weekend, a sudden change at a
company dealing with a rapidly evolving industry and a global trade
dispute.
Papa John's Board Votes to Adopt 'Poison Pill' Against Founder
Papa John's International's board members voted to adopt a
"poison pill" on Sunday to prevent its controversial founder from
gaining a controlling interest in the pizza chain.
Mondelez Recalls Ritz Crackers on Salmonella Concern
Mondelez International is recalling some Ritz crackers after its
supplier of whey powder recalled ingredients due to the potential
presence of salmonella bacteria.
Alphabet's Earnings: Investors Watch for Hints on Android Antitrust Fine
Google parent Alphabet is expected to report earnings after the
market closes. Investors will be looking for any discussion about
its Android business after the EU antitrust fine and more details
about data collection in light of privacy concerns.
French IT Firm Expands in U.S. With $3.4 Billion Deal
The French firm Atos has struck a $3.4 billion deal to buy
U.S.-based Syntel, an information-technology company, in a move
that would give it access to some of the biggest U.S.
financial-services companies.
Philips Profit Falls
Philips said that net profit fell in the second quarter as it
booked a charge from discontinued operations, while sales stayed
flat.
WPP in Talks to Sell Minority Stake in Chinese Unit
WPP has held talks to sell a minority stake in its operations in
China, as the world's largest advertising company reviews its
business after founder Martin Sorrell's exit.
Pimco Executive Resigns After Allegations of Inappropriate Behavior
Bill De Leon, a senior Pacific Investment Management executive,
resigned on Friday after facing allegations he acted
inappropriately toward a colleague.
(END) Dow Jones Newswires
July 23, 2018 09:15 ET (13:15 GMT)
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