Carl Icahn Takes Stake in Bristol-Myers

Carl Icahn has taken a stake in Bristol-Myers Squibb Co., making him the second big activist to pressure the company following disappointment in its cancer-treatment efforts.

 
Saudi Aramco Picks J.P. Morgan, HSBC, Morgan Stanley as IPO Underwriters

Saudi Arabia's state-owned energy company has told J.P. Morgan, HSBC and Morgan Stanley they will be the lead underwriters for its planned initial public offering, set to be the largest ever, according to people familiar with the matter.

 
Why Verizon Decided to Stick With Yahoo Deal

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.

 
Wells Fargo Fires Four Executives Following Probe of Sales Practices

Wells Fargo & Co. said Tuesday that four executives were fired for cause related to its sales-practices scandal based on its board's independent investigation.

 
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.

 
Starboard Takes 6.6% Stake in Tribune Media

Hedge fund Starboard Value LP has opened a 6.6% stake in Tribune Media Co. but has no immediate plans to push for change.

 
Snap Kicks Off Pre-IPO Roadshow for Potential Investors

Hundreds of potential investors crowded a ballroom of New York's Mandarin Oriental on Tuesday to grill Snap Inc. executives about how they're going to turn their popular disappearing-message app into a moneymaking machine.

 
Macy's Profit Tops Views Despite Stumbling Sales

Macy's said revenue will continue to decline this year as it works on ways to improve sales and draw in more customers who are increasingly using the internet to plan and make their purchases.

 
Peugeot CEO Talks With Merkel About Possible Opel Takeover

Carlos Tavares pledged to keep Opel's management independence in a conversation with German chancellor.

(END) Dow Jones Newswires

February 21, 2017 19:15 ET (00:15 GMT)

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