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.

 
WhatsApp Adds Snapchat-Like Story Feature Called Status

WhatsApp's 1.2 billion users will soon find a new feature that looks like it came straight from Snapchat. The Status tool will let people share photos, videos and animated GIFs with friends, all of which will disappear after 24 hours.

 
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.

 
Failed $143 Billion Deal Raises Pressure on Unilever, Kraft

Deal talks between Kraft Heinz and Unilever are dead, but both consumer-goods giants now find themselves under heightened pressure to make bold moves to accelerate growth.

 
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.

(END) Dow Jones Newswires

February 20, 2017 21:15 ET (02:15 GMT)

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