News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Ford Replaces CEO Amid Pressure on Profit, Share Price

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Ford is replacing CEO Mark Fields with Jim Hackett, who heads its innovation unit. The company has been considering leadership changes amid dissatisfaction with the stock price and a drive to clarify strategy.

Huntsman Strikes Merger Deal With Clariant

Huntsman Corp. and Switzerland's Clariant AG struck a deal to merge, creating a chemicals giant worth about $14 billion as companies in the industry seek ways to cut costs and boost revenue.

Arconic and Elliott Reach Resolution to End Proxy Contest

Arconic struck a deal to give hedge fund Elliott Management seats on its board of directors, a settlement that ends a bruising five-month battle days before the vote.

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Citi Settles With DOJ Over Money Laundering

Citigroup has agreed to pay less than $100 million to settle a yearslong money laundering investigation, the bank and government agencies announced Monday.

Remember 'Avatar'? Disney Hopes So With Big Bet on Theme Park

Disney is betting the most successful movie ever will help continue a hot streak for its theme park business. But there are concerns about whether tourists will be drawn to a place inspired by an eight-year-old film.

Boeing Sees Potential Widebody Jet Sale to Saudi Airline

Boeing Co. said Sunday it had agreed to the potential sale of 16 widebody jets to a Saudi Arabian airline and a range of equipment for the country's armed forces.

Iraq, Saudi Arabia in Last-Minute Summit to Salvage OPEC Cuts Extension

Iraq has become a potential obstacle to OPEC's efforts to continue cutting output into next year, representatives of the cartel said, prompting Saudi Arabia's energy minister to fly to Baghdad for meetings.

Solar-Energy Giant Was Manipulating Sales Data, Say Former Managers

Former managers at one of the largest U.S. solar-energy companies say they manipulated a key sales metric around the time of the company's 2015 initial public offering.

Citigroup to Tap Nasdaq for Blockchain Payment Technology

Citigroup Inc. and Nasdaq Inc. are partnering to match up the blockchain with real money.

Baidu Falls Behind in Race to be China's Netflix

Baidu could miss out as Chinese tech majors try to build up their online video content.

(END) Dow Jones Newswires

May 22, 2017 13:15 ET (17:15 GMT)