News Highlights: Top Company News of the Day
February 19 2017 - 9:15PM
Dow Jones News
Kraft Withdraws $143 Billion Offer for Unilever
Kraft Heinz dropped its $143 billion offer for rival Unilever,
just a little more than 48 hours after making public an audacious
bid to combine two of the world's biggest packaged-food
companies.
Unilever Chief Raises the Defenses as Kraft Heinz Circles
Paul Polman is digging in to resist Kraft Heinz's $143 billion
offer, warning board members and investors that Kraft's
cost-cutting ethos could damage Unilever brands.
Wal-Mart's Big Box of Trouble
From Amazon.com to Donald Trump to Warren Buffett, Wal-Mart
Stores faces an uphill battle as it reports fourth-quarter
earnings.
SpaceX Launches Its First Rocket From Iconic Florida Pad
Space Exploration Technologies successfully launched a cargo
capsule into orbit Sunday from the Kennedy Space Center pad from
which Apollo 11 took off and which served as home base for the
space shuttle.
Mining Giants Ride Copper's Wave
Copper bulls are looking smart. Some of the world's biggest
mining companies are now poised to reap the rewards, with Anglo
American, BHP Billiton and Glencore set to report earnings this
week.
May to Meet Peugeot CEO Amid Concerns Over Vauxhall
British Prime Minister Theresa May is expected to meet Peugeot
Chief Executive Carlos Tavares this week to discuss the French car
maker's proposal to buy General Motors' Vauxhall unit.
Risk Hungry? Meet Barclays's New Investment Bank Boss
Tim Throsby, a relatively unknown former J.P. Morgan Chase
executive, has been tapped to run Barclays International, which
accounts for more than two-thirds of Barclays's revenue.
Key to Pandora's Subscription Hopes: Country Music
As the Internet-radio giant enters the competitive field of
subscription streaming services, it hopes to ride its edge with
country-music lovers.
Dubai Developer Bets on Trump Brand
Developer Hussain Sajwani's Damac Properties launched the Trump
International Golf Club on Saturday, placing the most high-profile
bet on the president's name in the Arab world.
Citigroup Board Cuts 2016 Pay for CEO Michael Corbat
Citigroup Inc. CEO Michael Corbat is expected to receive total
compensation of $15.5 million for 2016, according to a regulatory
filing from the bank Friday.
(END) Dow Jones Newswires
February 19, 2017 21:00 ET (02:00 GMT)
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