News Highlights: Top Company News of the Day
18 December 2017 - 6:30PM
Dow Jones News
Skipper Resigns as ESPN President, Citing Substance Abuse
John Skipper, president of Walt Disney Co.'s ESPN and
co-chairman of its Disney Media Networks unit, has resigned, citing
substance-abuse issues, the network said.
Hershey, Campbell Soup Bulk Up on Snacks
Hershey and Campbell Soup are buying snack companies in all-cash
deals that will broaden their brand cupboards beyond candy and
soup.
Penn National Buys Rival Casino for $1.87 Billion
Casino operator Penn National Gaming will buy Pinnacle
Entertainment in a cash-and-stock deal worth roughly $1.87
billion.
China's HNA Group Seeking Sale of $6 Billion in Overseas Property
One of China's biggest deal makers is looking to sell a large
portfolio of commercial properties in New York, London and other
major cities in a sharp reversal of its buying spree in recent
years.
EU to Investigate IKEA's Dutch Tax Arrangements
Swedish furniture retailer IKEA Group could be forced to pay
back millions of euros in alleged unpaid taxes to the Netherlands,
following an investigation opened Monday by the European Union.
Toyota Plays Catch-Up With Plans for More Than 10 EV Models
Toyota, which has lagged behind rivals in rolling out fully
electric vehicles, issued the first detailed outline of its
strategy, saying it planned more than 10 models world-wide by the
early 2020s.
Investors Are too Enthusiastic About Teva and Its Rivals
Generic drugmakers are talking a lot about turnarounds in their
businesses, but many of the factors that led to their troubles are
out of their control, and none appear poised to get better.
Warren Buffett's Berkshire Hathaway Hits $300,000 a Share
Fifty-five years to the day after Warren Buffett bought his
first shares of Berkshire Hathaway Inc., the company he built into
a global powerhouse entered the $300,000 club. Membership: one.
Amazon Echo Prices Turn Market on Its Ear
Amazon.com Inc.'s $30 price tag on the Echo Dot smart speaker is
triggering price cuts on Google Home devices and complicating Apple
Inc.'s HomePod prospects.
Carmakers Try to Cajole Consumers Into Caring About Air-Bag Recall
The biggest automotive recall in U.S. history is under way-of
faulty air bags-and auto makers are required to take unprecedented
steps to reach customers.
(END) Dow Jones Newswires
December 18, 2017 13:15 ET (18:15 GMT)
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