BAT Agrees to Pay $49 Billion for Full Control of Reynolds

British American Tobacco and Reynolds American said they had agreed to a sweetened offer of $49.4 billion from BAT for the 57.8% of Reynolds that it doesn't already own.

 
Morgan Stanley Posts Biggest Fourth-Quarter Profit Since Crisis

Morgan Stanley posted its best fourth quarter since the financial crisis, handily beating analyst expectations as all of its largest businesses generated higher revenue.

 
Tiffany Blames Traffic at Trump Tower for Holiday Weakness

Tiffany said its holiday sales results were dragged by "postelection traffic disruptions" around its flagship store near Trump Tower in New York and it doesn't see overall sales conditions changing drastically.

 
Wal-Mart Touts Plans to Create 10,000 U.S. Jobs in Nod to Trump

America's largest retailer said it plans to create about 10,000 U.S. jobs this year, touting job growth in the country ahead of Donald Trump's inauguration.

 
Lowe's Taps Insider to Succeed Longtime CFO

Lowe's Cos. said Tuesday it chose a company insider to be its next finance chief, as its longtime CFO is retiring.

 
UnitedHealth's Revenue, Profit Tops Forecasts

UnitedHealth reported a 56% increase in profit in the latest quarter on climbing revenue from premiums, as its Optum health-care delivery businesses continued to grow.

 
The Limited Files for Chapter 11 Bankruptcy Protection

The Limited Stores LLC filed for chapter 11 bankruptcy protection Tuesday, to complete the liquidation it began in December, when it began selling off inventory in its aging stores.

 
Penney Sets Trend in Reviving Suburban Corporate Campuses

J.C. Penney hasn't been known lately for retail innovation, but when it comes to real estate, it has been a trailblazer with the sale, lease-back and redevelopment of its headquarters campus in Plano, Texas.

 
Dow-DuPont Merger Probe Hinges on Innovation Concerns

Agricultural technologies to boost yields are at the center of European authorities' investigation into Dow Chemical's merger with DuPont.

 
IHS Markit Returns to Profit

IHS Markit returned to a profit in its fiscal fourth quarter, posting revenue and earnings that topped expectations.

(END) Dow Jones Newswires

January 17, 2017 09:15 ET (14:15 GMT)

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