News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Skipper Resigns as ESPN President, Citing Substance Abuse

Continue Reading Below

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.

Continue Reading Below

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)