What's News: Business & Finance -- WSJ

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (January 24, 2018).

P&G said average prices on its products fell last quarter for the first time since 2011, while Kimberly-Clark said it would cut at least 5,000 jobs, reflecting the pressures faced by consumer brands.

The Senate confirmed Powell to become the 16th chairman of the Federal Reserve, succeeding Yellen.

CSX will require its CEO to submit to an annual physical exam that will be reviewed by the board.

JPMorgan plans to invest $20 billion across its businesses as it benefits from the tax overhaul and regulatory changes.

Weinstein Co.'s owners have entered exclusive talks to sell the studio to a Contreras-Sweet group for a little more than $500 million.

Twitter's Noto is leaving the post of operating chief at the social-media firm to head online lender SoFi.

U.K. regulators said Fox's ownership of all of Sky would give the Murdochs too much influence, but kept open options for a deal.

The S&P 500 rose to a record following the latest batch of earnings. The Dow eased 3.79 to 26210.81.

Tesla revealed a pay plan for Musk that is again tied to performance benchmarks, but with much grander goals.

The FDIC nominee said she plans to focus on easing regulatory requirements for community banks.

UBS shuffled the top ranks of its wealth-management division.

(END) Dow Jones Newswires

January 24, 2018 02:47 ET (07:47 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.