News Highlights: Top Company News of the Day
March 22 2017 - 6:30PM
Dow Jones News
AT&T, Verizon Pull Ads From Google Over 'Hate' Videos
AT&T and Verizon Communications pulled much of their
advertising from Google over concerns that their ads may have run
alongside controversial videos, extending the financial impact of a
controversy.
Sears Stock Stumbles After Going-Concern Warning
Sears raised doubts in a securities filing about its ability to
keep operating after seven years of losses, sending the retailer's
share price tumbling and spooking some of its landlords.
Elliott Threatens to Force Akzo Nobel to Engage With PPG
U.S. activist investor Elliott Management has emerged as a key
player in a $24 billion, trans-Atlantic standoff between Akzo Nobel
and PPG Industries, two of the world's oldest industrial
companies.
Hartford Financial Ends $15 Billion Fund Fight
The Hartford Financial Services Group Inc. is withdrawing a
request to replace dozens of funds available to its
variable-annuity customers, ending a nearly $15 billion tussle with
a fund firm that stood to lose assets.
Under Pressure From Trian, GE Vows to Boost Industrial Profits
General Electric promised to cut $1 billion in costs from its
industrial operations this year, and to more closely tie top
executives' bonuses to profits in its core industrial business.
Bebe Stores Hire Advisers as Retail Shakeout Continues
Bebe Stores hired financial advisers to help it explore
strategic alternatives, but people close to the matter don't
foresee a chapter 11 filing in the near future.
Nike Shares Drop After Tepid Earnings Forecast
Shares of Nike fell after the world's largest sportswear maker
gave a tepid outlook for sales growth as the company faces stiff
competition and a changing retail landscape.
Meet the CFO-Banker Who May Be Next to Run Deutsche Bank
Marcus Schenck, a chief financial officer who shepherds deals,
this month landed the plum job of deputy CEO overseeing Deutsche
Bank's recombined investment bank.
AT&T Workers Walk Off the Job in California, Nevada
Thousands of AT&T Inc. wireline technicians and call-center
workers in California and Nevada walked off the job, an escalation
in long-running contract negotiations with the telephone
company.
Game Publisher Tencent Warns of Risks Even as Profit Jumps
Tencent Holdings warned it faces stiff competition in
maintaining rapid growth of its core gaming and content businesses,
despite notching a surge in quarterly revenue as the Chinese
internet giant continues to expand abroad.
(END) Dow Jones Newswires
March 22, 2017 19:15 ET (23:15 GMT)
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