News Highlights: Top Company News of the Day
23 Gennaio 2019 - 01:15AM
Dow Jones News
Viacom Acquires Video-Streaming Service Pluto TV
The move to purchase Pluto TV for $340 million will allow Viacom
to increase the digital audience for its programming.
IBM Beats Earnings Expectations Although Its Revenue Again Declines
IBM's revenue fell 3.5% in the latest quarter, a second
consecutive quarterly drop that underscores significant challenges
the tech giant faces in recapturing growth.
Accel Returns to Market Seeking $2.5 Billion for Three Funds
Founded in 1983 and one of Silicon Valley's original
venture-capital firms, Accel is aiming to stick to its existing
strategy, raising about as much as it did in the 2016 fundraising
cycle.
Judge Gives iHeartMedia Green Light to Exit Bankruptcy
A bankruptcy court judge confirmed iHeartMedia's restructuring
plan that allows the company to slash its debt load and hand over
control to a group of bondholders.
Hedge Fund Drops Proxy Battle With Chemicals Maker Ashland
New York-based hedge fund Cruiser Capital Advisors LLC is
abandoning its proxy fight with Ashland Global Holdings Inc. after
the specialty-chemicals manufacturer struck a deal last week with
investor Neuberger Berman Group LLC.
Starboard, Elliott Management Call on eBay to Shed StubHub, Classifieds
EBay is being circled by a pair of activist investors who want
the online marketplace to consider parting with StubHub and its
classified-ad business.
Johnson & Johnson Expects Sales Growth to Slow
Johnson & Johnson said it expects its sales growth to slow
in 2019, citing pricing pressures and generic-drug competition for
its pharmaceutical division.
Arconic Scuttles Deal to Sell to Apollo Global
Arconic won't pursue a sale of the company, nixing a potential
deal with private-equity firm Apollo Global Management. Shares of
the metal manufacturer fell nearly 16% in afternoon trading.
Mastercard Fined $650 Million by EU
The European Union fined Mastercard over charges it artificially
raised the costs of card payments inside the bloc, continuing a
European crackdown on U.S. credit-card companies over fees.
Renault to Name Carlos Ghosn Successor at Thursday Meeting
French auto maker Renault plans to name a successor to its
jailed chairman and chief executive, Carlos Ghosn, at a board
meeting Thursday, according to people familiar with the matter.
(END) Dow Jones Newswires
January 22, 2019 19:00 ET (00:00 GMT)
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