News Highlights: Top Company News of the Day
21 November 2017 - 4:30PM
Dow Jones News
Higher Costs Extend Campbell's Sales Decline
Campbell Soup said higher costs and a dispute with a major
customer hurt results and extended a yearslong sales slide as the
company struggles to diversify beyond canned soup.
Dish Drops Some CBS Channels Ahead of Big Football Weekend
CBS channels went dark for some Dish Network subscribers
overnight as a pricing dispute between the two companies dragged
on, potentially leaving more than two million customers without
access to NFL and college football coverage on the Thanksgiving
holiday weekend.
AT&T's CEO Readies for a Fresh Government Fight
The Justice Department's lawsuit challenging AT&T's bid for
Time Warner isn't the first time CEO Randall Stephenson's strategic
plans have been upended by the federal government around
Thanksgiving.
After Toshiba Share Sale, Activist Investors Gain Influence
Toshiba's plan to sell $5.3 billion of new shares to overseas
funds secures its future but will likely lead to demands for
further cost-cutting, unit sales and governance reforms from
activist investors.
Hong Kong Tribunal Rejects HSBC Appeal, Upholds Record Fine
A Hong Kong tribunal on Tuesday upheld the bulk of a fine
imposed on a unit of HSBC Holdings PLC that would be the largest
ever meted out by Hong Kong's securities regulator.
Eli Lilly Bets Big on Insulin-Delivery Devices
Eli Lilly, one of the biggest makers of insulin, has been
planning a risky new business venture: making the high-tech devices
that deliver insulin to diabetes patients.
Chinese Firm Linked to Missing Tycoon Drops Bid for Insurer
The dropped bid for Huaxia Life Insurance marks the first
publicly announced activity involving companies linked to missing
financier Xiao Jianhua.
Zuckerberg's Wealth Manager Wants to Be a Buyout Shop
Iconiq Capital, a secretive wealth manager that invests money
for some of the most prominent names in Silicon Valley, plans to
ramp up its private-equity investing, raising the specter of
possible conflicts with some of its clients.
Skype Removed From Some App Stores in China
Skype, the internet-calling and messaging service, has been
unavailable for download from some app stores and websites in
China, the latest disruption to online communication tools as the
government tightens its grip on the internet.
Tencent Still Has a Bit to Learn From Facebook
Chinese tech giant Tencent has surpassed Facebook in market cap,
but it needs to earn money like the U.S. social-media behemoth.
(END) Dow Jones Newswires
November 21, 2017 11:15 ET (16:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.