News Highlights: Top Company News of the Day
February 28 2017 - 11:15AM
Dow Jones News
Comcast to Buy Remaining Stake in Universal Studios Japan for $2.3 Billion
Comcast said Tuesday it would buy the remaining stake in
Universal Studios Japan for $2.3 billion, giving the company
complete control of the theme park as it looks to Asia for
growth.
Target Slashes Outlook as Sales Fall
Target said 2017 profits would fall as much as 25% below what
Wall Street forecast, and the big-box retailer reported sales and
profit declines for the holiday quarter.
Scotiabank Profit Climbs 11%
Bank of Nova Scotia hiked its dividend, while growth from its
domestic and international banking operations helped to boost the
lender's earnings by 11% in the fiscal first quarter.
Valeant's Revenue Falls 13%
Valeant Pharmaceuticals said its revenue fell 13% in the fourth
quarter, hurt by the performance of the stomach-drug business it
tried to sell late last year as well as lower drug prices.
QVC Operator Liberty Interactive Profit Falls
Liberty Interactive, the parent of home shopping network QVC,
posted a 16% decline in profit in the final quarter of the year
amid slower consumer demand in the U.S.
SeaWorld Attendance Declines, Loss Widens
SeaWorld Entertainment Inc. reported a bigger loss in the latest
quarter, hurt by higher expenses as fewer people visited its
venues.
Samsung Heir Lee Jae-yong Indicted on Bribery Charges
South Korean prosecutors indicted Samsung's de facto leader Lee
Jae-yong on charges of bribery and four other offenses, setting in
motion legal proceedings that could put the tycoon behind bars for
years.
Domino's Pizza Results Boosted by Domestic Sales
Domino's Pizza reported stronger-than-expected results for its
latest quarter, propelled by strong domestic same-store sales and
an increase in the number of stores.
Barnes & Noble Education Sales Weaken Amid Lower Enrollment
Barnes & Noble Education's sales weakened in the latest
quarter as the college bookstore operator grappled with lower
enrollment.
Fidelity, Charles Schwab Slash Online Trading Commissions
The cost to trade stocks and exchange-traded funds online is
plummeting as two online brokerage giants,Fidelity Investments and
Charles Schwab, slashed commissions Tuesday.
(END) Dow Jones Newswires
February 28, 2017 11:00 ET (16:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.