News Highlights: Top Company News of the Day

A School's Dilemma: How to Spend Its Snap IPO Millions 
 

A $15,000 investment in Snapchat's parent five years ago turned into $34 million for Saint Francis High School in March. But then the real challenge began: how to spend the money.

 
Amazon Plans Job Fair for 50,000 Positions 
 

The event, scheduled for Aug. 2, comes as Amazon.com is jockeying with other logistics companies for the same small pool of employees ahead of the holiday-shopping season.

 
U.S. Shale Threatens Chemical Element of Aramco's IPO 
 

An expected surge in U.S. petrochemicals output challenges one of the main pillars of the energy giant's plans to list.

 
Ryanair Willing to Pay to Keep Cash in Banks 
 

Ryanair CFO Neil Sorahan says airline will keep its cash pile in deposits, despite negative interest rates.

 
Time Inc. Explores Sale of U.K. Magazine Division 
 

Time Inc. has hired an investment bank to explore a possible sale of its Time Inc. UK division and is in early-stage discussions with potential buyers, according to a person familiar with the situation.

 
Trump Tower Mumbai Plays Up Connection to President 
 

Promotional materials for the Trump Tower in Mumbai improperly featured a reference to President Donald Trump, showing how difficult it is to separate the president from a brand whose value is based on his name.

 
Ford Faces Lawsuit Over How it Handled Faulty Transmissions 
 

An Australian regulator is suing Ford Motor regarding a transmission that caused jerking while accelerating and excessive noise, the latest legal challenge for global auto makers stemming from safety concerns.

 
Fox Faces Lawsuit From Former Executive Accused of Sexual Assault 
 

Francisco Cortes, a former Fox News executive who left the company after being accused of sexual assault and harassment by an on-air contributor, has sued the channel's parent, 21st Century Fox, alleging fraud and breach of contract.

 
U.S. Audit Regulator Sanctions Hong Kong-Based Accounting Firm 
 

The U.S. government's audit regulator has barred the Hong Kong affiliate of accounting firm Crowe Horwath from auditing U.S.-traded companies after the firm refused to cooperate with the regulator's investigation of its work for a Chinese company.

 
Former VW Executive to Plead Guilty in Emissions-Cheating Case 
 

Former Volkswagen compliance executive Oliver Schmidt agreed to plead guilty in the U.S. to criminal charges stemming from his alleged role in the German auto maker's yearslong emissions deception.

(END) Dow Jones Newswires

July 26, 2017 07:15 ET (11:15 GMT)

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