Reuters Before the Bell: Elliott-target Pernod pledges to further improve governance

Click to View in Browser Friday, January 18, 2019 Elliott-target Pernod pledges to further improve governance Pernod Ricard , the family-backed French spirits group under pressure from activist investor Elliott, will continue to improve its governance, it pledged on Friday. Stock futures rise as trade hopes help sentiment U.S. stock futures rose for the fifth straight day on Friday, building on hopes that a bitter trade war between the United States and China would be resolved. CVS, Walmart reach agreement on pharmacy contract after impasse CVS Health Corp and Walmart Inc said on Friday the world's largest retailer would remain part of CVS's network for commercial and Medicaid pharmacy customers, breaking a contract impasse CVS disclosed earlier this week. A.J. Gallagher's 'clean coal' business draws ire of green investors Two of America's best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co's after a Reuters investigation into the company's lucrative side-business in "clean coal". Consumer giants spurn risks to chase online subscribers Major consumer companies including Unilever , Procter & Gamble and Nestle are chasing consumers who want food and household goods delivered automatically, even though this kind of business has not always worked. Stocks bask in trade optimism, set for fourth straight week of gains Global stocks jumped to their highest in more than a month on Friday after a report suggested progress toward resolving the trade dispute between the United States and China. Ghosn received $9 million improperly from Nissan-Mitsubishi JV: companies Carlos Ghosn improperly received $9 million in compensation from a joint venture (JV) between Nissan Motor and Mitsubishi Motors, the Japanese automakers said on Friday, raising the possibility of their ousted chairman facing a fresh charge of embezzlement. India's Sun Pharma tumbles on reports of fresh whistleblower complaint Shares of Sun Pharmaceutical Industries Ltd plunged 13 percent on Friday to near six-year lows, hit by reports that a whistleblower filed a complaint to regulators over transactions involving the top Indian drugmaker and its co-promotor. India's Sun Pharma asks regulator to examine media report Sun Pharmaceutical Industries Ltd on Friday asked India's capital markets regulator to look into a media report about an alleged complaint by a whistleblower that led to a sell-off in the company's shares. Tesla to cut workforce by 7 percent, sees smaller fourth-quarter profit Tesla Inc said it would cut thousands of jobs to rein in costs as it ramps up production of its crucial Model 3 sedan, and the electric car maker expects fourth-quarter profit to be lower than the previous quarter, sending its shares down 7 percent. Related Video Former Nissan chief Ghosn faces fresh allegations It's Fortnite vs Netflix in a battle for eyes Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook