News Highlights: Top Company News of the Day
February 21 2017 - 1:30PM
Dow Jones News
Why Verizon Decided to Still Buy Yahoo After Big Data Breaches
Verizon shaved the price it will pay for Yahoo's core business
but is pushing ahead with the deal, in a bet that the chance to
expand into digital advertising trumps the risk of further fallout
from massive data breaches at the struggling internet pioneer.
Wal-Mart Posts Strong Holiday Sales
Wal-Mart reported strong sales over the winter holiday season, a
marked contrast with the weak numbers posted by many
brick-and-mortar competitors including Target and Macy's.
Owner of Burger King and Tim Hortons to Buy Popeyes
Restaurant Brands, the owner of Burger King and Tim Hortons,
said it would buy Popeyes Louisiana Kitchen for about $1.64
billion. Executives said they see huge growth potential for Popeyes
in Asia.
Macy's Profit Tops Views Despite Stumbling Sales
Macy's Inc. said revenue fell more than expected in the final
quarter of the year as the retailer posted its eighth straight
quarterly decline in same-store sales.
Peugeot CEO Talks With Merkel About Possible Opel Takeover
Carlos Tavares pledged to keep Opel's management independence in
a conversation with German chancellor.
Boeing Looks to Build Satellites More Quickly, With Fewer Workers
Boeing is taking steps to build satellites more quickly through
new production practices that will rely more on 3-D printing and
involve fewer workers, which eventually could transform the
aerospace giant's traditional way of turning out high-end
commercial and military spacecraft.
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.
American Airlines Rolls Out First of Its 'Basic Economy' Cheaper Tickets
American Airlines Group, following a commitment it made in
January following months of planning, said it has made available
for sale cheaper economy-class fare options that come with
passenger restrictions on 10 domestic routes.
Home Depot Bumps Dividend Up 29%, Announces $15 Billion Buyback
Home Depot posted sales growth in its fourth quarter and boosted
its dividend and buyback program, as the housing market continues
to grow.
Vail Resorts to Buy Stowe Mountain Resort Operations
Vail Resorts said it would buy the ski operations of Stowe
Mountain Resort in northern Vermont for about $50 million from the
real-estate business of insurance giant American International
Group.
(END) Dow Jones Newswires
February 21, 2017 13:15 ET (18:15 GMT)
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