News Highlights: Top Company News of the Day
22 Janvier 2019 - 05:30PM
Dow Jones News
Starboard, Elliott Management Call on eBay to Shed StubHub, Classifieds
EBay is being circled by a pair of activist investors who want
the online marketplace to consider parting ways with its StubHub
ticketing and classified-ads businesses.
Arconic Won't Sell Company, Ending Potential Deal with Apollo Global
Arconic won't pursue a sale of the company, nixing a potential
deal with private-equity firm Apollo Global Management. Shares of
the metal manufacturer fell more than 26% in premarket trading.
Mastercard Fined $650 Million by EU
The European Union fined Mastercard over charges it artificially
raised the costs of card payments inside the bloc, continuing a
European crackdown on U.S. credit-card companies over fees.
Bunge Names Heckman Acting CEO, Warns on Profits
Bunge named Gregory Heckman as the new acting chief executive
and said three directors would step down as the agricultural
company warned of lower-than-anticipated profits.
Renault to Name Carlos Ghosn Successor at Thursday Meeting
French auto maker Renault plans to name a successor to its
jailed chairman and chief executive, Carlos Ghosn, at a board
meeting Thursday, according to people familiar with the matter.
Travelers Posts Higher Profit Despite Larger Catastrophe Losses
Travelers Cos.'s fourth-quarter profit rose from a year ago,
when the insurance firm recorded a $129 million charge related to
the overhaul of the U.S. tax code, even as catastrophe losses
increased.
Johnson & Johnson's Litigation Costs Double in Fourth Quarter
Johnson & Johnson said litigation costs nearly doubled in
the fourth quarter as the company looks to fight lawsuits over the
safety of the company's signature baby powder.
EQT Unveils Cost-Cutting Plans
EQT Corp. said it was taking additional cost-cutting steps and
forming a board committee to review its operations as some
shareholders seek to shake up the company's management following
its merger with Rice Energy Inc.
Former Fannie Mae Chief Joins Blend, a Mortgage Startup
Former Fannie Mae chief Timothy Mayopoulos is joining
mortgage-software startup Blend Labs Inc., becoming one of the
highest-profile executives to jump into the financial-technology
sector.
IBM Revenue Trends in Reverse
International Business Machines Corp. is scheduled to report
fourth-quarter earnings after the close of trading Tuesday. Here is
what to expect.
(END) Dow Jones Newswires
January 22, 2019 11:15 ET (16:15 GMT)
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