News Highlights: Top Company News of the Day
July 23 2018 - 4:30AM
Dow Jones News
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.
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.
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, people familiar with the matter
said.
Tesla Asks Suppliers for Cash Back to Help Turn a Profit
Tesla has asked some suppliers to refund a portion of what the
electric-car company has spent previously, an appeal that reflects
the auto maker's urgency to sustain operations during a critical
production period.
China Targets Apple With Push Into Advanced Screens
China's campaign to become a global power in advanced
manufacturing is playing out at a high-tech factory in Sichuan
province, where BOE Technology Group is aiming to supply display
screens for Apple's top-tier iPhones.
China Tower Begins Bookbuilding for up to US$8.68 Billion Hong Kong IPO
A Chinese operator of wireless infrastructure network is seeking
to raise up to US$8.68 billion from an initial public offering in
Hong Kong, in what could be the world's biggest IPO in nearly four
years.
BHP Billiton Served with Class Action in Australia Court
BHP Billiton Ltd. said a class action has been filed in an
Australian court over the 2015 dam failure at a Brazilian iron-ore
mining operation that sparked a sharp fall in the miner's
stock.
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.
(END) Dow Jones Newswires
July 23, 2018 05:15 ET (09:15 GMT)
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