News Highlights: Top Company News of the Day
June 21 2018 - 6:30PM
Dow Jones News
Intel CEO Resigns Over Relationship With Employee
Intel CEO Brian Krzanich resigned after the company determined
he violated company policy by having a past, consensual
relationship with an Intel employee.
Deutsche Bank Breaks Up Its Global Corporate-Strategy Group
Deutsche Bank AG's global corporate-strategy team is being
dismantled and the executive who runs it, Ali Almakky, is leaving
that role, according to people familiar with the matter.
Kroger's New Approach to Stocking Shelves Is Boosting Earnings
Kroger delivered stronger than expected earnings and sales
growth on Thursday, sending its stock up around 10% in early
trading.
Darden Restaurants Sees 2.2% Same-Store Sales Growth
Darden Restaurants made $175.4 million from continuing
operations, or $1.40 a share, up 40% from the same quarter a year
ago. Same-store sales rose by 2.2%, beating estimates from
analysts.
This $2.5 Billion Wildfire Charge May Be Just the Beginning for California Utilities
The parent of California's largest investor-owned utility plans
to take a $2.5 billion charge related to a spate of deadly
wildfires that swept the northern part of the state last
October.
AmTrust Goes Private in $2.95 Billion Cash Deal
AmTrust Financial Services announced that shareholders have
approved its plan to be taken private by two New York families and
a private-equity firm.
Standing Between Comcast and Fox: Media Titans' Rocky Relationship
Tensions between Comcast CEO Brian Roberts and 21st Century Fox
Executive Chairman Rupert Murdoch are complicating Comcast's
pursuit of the biggest media deal in years. Both Comcast and
Disney, who are vying for Fox's entertainment assets, are seeking
to counter the challenge of cord cutting and new technology
rivals.
AT&T Unveils $15-a-Month Video Service
The service, tentatively named WatchTV, aims to use a "skinny
bundle" of channels to recapture some of the millions of
cord-cutters who dropped cable and satellite television.
Insurers to Expand Presence in Affordable Care Act Marketplaces
After years of pullbacks, insurers are increasing their
footprints in the Affordable Care Act marketplaces next year,
despite uncertainty including the latest court challenge to the
health law.
GM Gives Product Chief More Responsibility Over Cadillac Turnaround
General Motors is shuffling the roles of two top executives,
giving its product chief more responsibility over the turnaround of
its ailing luxury brand.
(END) Dow Jones Newswires
June 21, 2018 19:15 ET (23:15 GMT)
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