News Highlights: Top Company News of the Day
18 January 2022 - 01:30PM
Dow Jones News
Macellum Urges Kohl's to Make Changes or Explore Sale
The activist investor is renewing a push to get the
department-store chain to take action to boost its lagging
stock.
Activision Pushes Out Dozens of Staff Over Misconduct
The videogame giant's actions have come in the wake of pressure
from investors, business partners and employees to address
complaints over its handling of misconduct issues.
Rio Tinto's Australian Iron-Ore Shipments Fell in 2021
Rio Tinto's annual iron-ore shipments from its Australian mining
operations fell by 3% in 2021 with projects disrupted by a worker
shortage and supply chain issues, but expects shipments will likely
increase this year.
U.S. Airlines Seek Further 5G Rollout Delay
Carriers said in a letter to U.S. officials that current FAA
flight-safety measures to accommodate the new wireless service
could result in a significant disruption of their flight schedules
this week.
Credit Suisse's António Horta-Osório Lost Board Support Over Covid-19 Rules Breach
The chairman's jet use also raised concerns, with some board
members fearing he lacked credibility to fix what had come to be
seen as the bank's broken culture.
Amazon Backs Off Threat to Ban U.K.-Issued Visa Credit Cards
The online retailer, which has criticized Visa's fees, said it
is negotiating a deal that would allow customers to keep using
their U.K. cards.
Unilever's $68 Billion Health Kick is the Wrong Remedy
A surprise bid for the consumer-healthcare business jointly
owned by GlaxoSmithKline and Pfizer is risky and only half of the
target may really be worth owning.
Credit Suisse's New Captain Needs to Show Early Turnaround Progress
António Horta-Osório's surprise resignation from the helm of the
beleaguered lender raises the suspicion that his departure might be
due to more than the chairman's stated coronavirus infractions. The
outsider had promised to deliver a much-needed shake-up of the
Swiss bank's culture. His exit puts pressure on successor Axel
Lehmann to show that the transformation will continue.
China Probes a Sam's Club Store Over Food-Safety Issues
The local regulator's investigation into a Walmart-owned store
comes as China steps up scrutiny into U.S. retailer.
Macau Casino Stocks Jump on New Draft Law
Macau casino stocks jumped Monday as investors welcomed a new
draft law for the industry that grants a maximum of six casino
licenses, alleviating fears that some casinos' license renewals
might be at risk.
(END) Dow Jones Newswires
January 17, 2022 21:15 ET (02:15 GMT)
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