News Highlights: Top Company News of the Day
20 January 2017 - 10:30AM
Dow Jones News
Paramount Pictures Gets a $1 Billion Infusion From China
A $1 billion financing deal with two Chinese firms promises
Viacom Inc.'s struggling Paramount Pictures some much-needed funds
and a foothold in the world's second-largest box-office market.
IBM Revenue Declines Again Amid Transformation
IBM recorded its 19th consecutive quarter of declining revenue,
as it continued to try to offset declines in older businesses with
sales in newer ones that are growing rapidly.
Netflix Strategies Fuel Soaring Stock Price
Netflix's global expansion and ramp up of its
streaming-operations has resulted in its share price hitting an
all-time high on Thursday. Shares closed at $138.41 after the
company posted strong fourth-quarter results Wednesday.
GE's Stock Rally Needs More Power
Fourth-quarter earnings will put the industrial giant's stock
rally to the test.
China Oceanwide Clinches Deal to Buy International Data Group
A team led by China Oceanwide Holdings reached a deal to buy
International Data Group, the data and marketing company that also
runs venture-capital firm IDG Ventures.
Whole Foods to Open a Lower-Priced '365' Store in Brooklyn
Whole Foods Market plans to bring its lower-priced store chain,
365 by Whole Foods Market, to Brooklyn's Fort Greene
neighborhood.
Peabody Energy Bondholder Group Proposes Rival Restructuring Plan
A group of Peabody Energy bondholders are pressing a rival
restructuring plan for the coal miner, according to people familiar
with the matter, going to head to head with the big investment
firms that back Peabody's current strategy.
Sands to Pay $6.96 Million to Settle U.S. Investigation
Las Vegas Sands agreed to pay a $6.96 million criminal penalty
to settle a U.S. investigation into violations of the antibribery
law over payments the company made to a business consultant in
China.
Oil-Field Services Company Keane Prices Upsized IPO at High End of Range
Oil-field services company Keane Group Inc., which increased the
size of its initial public offering at least twice, said the IPO
priced at the high end of its estimated range Thursday.
J.P. Morgan CEO to Get $28 Million in 2016 Compensation
J.P. Morgan Chase & Co. Chief Executive James Dimon will
receive $28 million in total compensation for 2016, up 3.7%-or $1
million-from 2015, according to a Thursday securities filing.
(END) Dow Jones Newswires
January 20, 2017 05:15 ET (10:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.