News Highlights: Top Company News of the Day
January 17 2019 - 10:30AM
Dow Jones News
Moonves to Fight CBS Decision to Withhold $120 Million Severance
Leslie Moonves, the former CEO of CBS who resigned amid
accusations of sexual harassment last September, is challenging the
company's decision last month to deny him his severance package of
$120 million.
Johnson & Johnson to Use Apple Watch App for Heart-Health Study
A new partnership between Johnson & Johnson and Apple using
an app on the Apple watch aims to detect irregular heart rhythms of
people with atrial fibrillation before life-threatening events can
occur.
Morgan Stanley Earnings Fall Short As Trading Hampers Results
Morgan Stanley's fourth-quarter profit fell short of
expectations as the Wall Street bank wrapped up an earnings season
for banks that has been mostly solid except in securities
trading.
PPG Weighs Splitting Building and Product Coating Units
PPG, under pressure from activist investor Trian Fund
Management, said it is conducting a review of its paint and
coatings business that could result in a split of the company.
Bid to Create European Train Champion on Verge of Collapse
A mooted Franco-German rail merger seemed on the verge of
collapse after people close to the talks said antitrust regulators
and the companies behind the deal had reached an impasse in
talks.
Byron Trott's Firm Orders a Double, Adds Whiskey to Tequila Bet
The investment firm run by Byron D. Trott is buying a minority
stake in WhistlePig, a distiller of high-end whiskeys. "Tastes have
changed, and these brands have legs if you do it right."
Berkshire, NetJet Pilots Reach Labor Deal
Berkshire Hathaway's private-jet company reached an agreement
with its largest union that raises pilots' pay and extends their
contract by three years, marking an improvement in relations since
unrest in 2015.
U.S. Adds Criminal Courts to Its Fight Against Chinese Theft of Trade Secrets
The federal pursuit of theft charges adds pressure on Chinese
tech giant Huawei by further involving the criminal-justice system
in the fight against China's alleged encroachment on intellectual
property.
Facebook Pulls More Russia-Linked Accounts
Facebook said it had removed pages and accounts linked to what
it said were two Russia-based misinformation campaigns, the latest
step in the social-media company's effort to prevent misuse of its
service.
PG&E Shareholder BlueMountain Protests Bankruptcy Decision
BlueMountain Capital Management, a hedge fund with a significant
stake in PG&E Corp. stock, has challenged the utility's board
over a plan to resort to bankruptcy to tackle wildfire damages that
the utility estimates could run as high as $30 billion.
(END) Dow Jones Newswires
January 17, 2019 11:15 ET (16:15 GMT)
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