Toys "R" Us Lays Off 10%-15% of Corporate Employees 
 

Toys "R" Us Inc. recently laid off between 10% and 15% of its corporate employees, the latest retailer to cut jobs as shopping rapidly shifts from physical stores to online ones.

 
Saudi Arabia Favors New York for Aramco IPO 
 

Saudi Arabia is leaning toward listing its giant, state-run oil company in New York, London or Toronto and has soured on the prospect of floating the firm on an Asian stock exchange, people familiar with the matter said.

 
Brazil's Vale Seeks Single Class of Stock 
 

Brazilian mining giant Vale SA announced a plan to create a single class of stock without a controlling shareholder, likely reducing the potential for government interference in what management characterized as a watershed for the company.

 
Samsung Heir, Seeking to Modernize Opaque Culture, Instead Faces Scandal 
 

Lee Jae-yong took the South Korean conglomerate's reins vowing to reshape it along Silicon Valley lines. Now a corruption probe has dragged him in, raising the biggest doubts yet about whether he has ushered the corporate giant into a new era.

 
Kraft-Unilever Deal Is Off, but Warren Buffett's Anomalies Live On 
 

Behind Kraft's aborted bid for Unilever lies a tale of market anomalies that have lasted decades, helped make Warren Buffett's fortune and may-perhaps-have ended in a mini-bubble last year.

 
Kraft's Interest in Unilever Comes Right Out of 3G's Playbook 
 

Behind Kraft's short-lived bid for rival packaged-food giant Unilever is a basic conundrum: The company is running out of ways to improve profitability through its own cost cuts.

 
Shell Sees No Glut of Liquefied Natural Gas as Demand Rises 
 

Royal Dutch Shell said there is no evidence of a glut in liquefied natural gas supply, taking a contrarian view on a market in which the Anglo-Dutch energy giant is one of the largest operators.

 
U.S. Fund Lone Star in Concluding Talks for Novo Banco Purchase 
 

Portugal's central bank said U.S. fund Lone Star has entered into a concluding round of negotiations to buy Novo Banco.

 
HSBC Holdings Earnings Preview -- What to Watch 
 

HSBC Holdings PLC reports its fourth-quarter financial results Tuesday morning at 0400 GMT.

 
Trump Backing for Bayer's Monsanto  Deal Buoys Investors 
 

Investors in Bayer have taken heart from President Donald Trump's apparent support for the German pharmaceuticals and chemicals firm's planned $57 billion takeover of U.S. seed giant Monsanto.

(END) Dow Jones Newswires

February 20, 2017 19:00 ET (00:00 GMT)

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