Pearson Shares Dive 26% on Profit Warning

Shares in Pearson plunged more than 26% after the world's largest education company issued a profit warning for 2018 and said it plans to sell its stake in its Penguin Random House publishing joint venture.

 
Bayer Joins Jobs Parade

Bayer has pledged to add U.S. jobs and investment after meeting with President-elect Donald Trump, the latest in a string of public displays from companies looking to head off criticism from the incoming administration about job losses.

 
Toshiba Considers Spinning Off Core Semiconductor Business

Toshiba is weighing a spinoff of its profitable chip unit, which could help it raise cash in response to a multibillion-dollar write-down at its nuclear business.

 
Nintendo Uses Japan Display as Sole Screen-Panel Supplier for Switch

Japan Display is the exclusive supplier of touch-screen panels for Nintendo's new Switch videogame console.

 
Second Theranos Lab Failed U.S. Inspection

Theranos failed a second major U.S. regulatory inspection of its laboratory facilities, people familiar with the situation said, a setback the Silicon Valley blood-testing firm hasn't disclosed to investors or patients.

 
Bain Capital-Led Consortium to Buy Daymon Worldwide in $413 Million Deal

Bain Capital has teamed up with a Chinese investor to acquire global retail-services firm Daymon Worldwide for $413 million including debt, tapping the strong growth in Asia's retail market.

 
5 Things to Watch in Goldman Sachs's Results

Goldman Sachs Group Inc. is scheduled to report results for the fourth quarter and year on Wednesday before markets open. The New York investment bank is expected to report higher earnings and revenue for the quarter.

 
Baidu's New President to Take Over Day-to-Day Management

Baidu Chairman Robin Li will turn over day-to-day management of the company to a former Microsoft executive hired as group president so that he can focus on strategy and investments.

 
HPE to Acquire SimpliVity for $650 Million in Cash

Hewlett Packard Enterprise Co. said it would acquire data-storage startup SimpliVity Corp. for $650 million in cash, a steep discount to the startup's most recent $1 billion valuation.

 
Former Sara Lee CEO Brenda Barnes Dies at 63

One of the highest-ranking women in corporate America, she became a symbol of the choices women face juggling work and family life.

(END) Dow Jones Newswires

January 18, 2017 05:00 ET (10:00 GMT)

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