News Highlights: Top Company News of the Day
August 23 2017 - 7:15AM
Dow Jones News
WPP Shares Plunge on Lower Revenue Growth Forecast
WPP shares fell more than 12% after the world's largest
advertising company reported a steeper-than-expected slowdown in ad
buying by consumer-goods companies, especially in North
America.
Wal-Mart and Google Partner to Challenge Amazon
Google and Wal-Mart Stores are joining forces in a partnership
that includes enabling voice-ordered purchases from the retail
giant on Google's virtual assistant, challenging rival Amazon.com's
grip on the next wave of e-commerce.
Saudi Aramco IPO Sparks Rush to Privatize in Middle East
Saudi Arabia's move to list its state-run oil giant, combined
with years of lower oil prices, has inspired neighboring
oil-producing countries to tap public markets as a new source of
revenue.
HP Earnings: What to Watch
HP has increased PC prices globally. It isn't clear if those
price increases will impact demand and profit margin in the fiscal
third quarter.
LG Electronics to Build Factory for Electric Car Parts in Michigan
The South Korean company will spend about $25 million to build a
factory for electric car parts in a Detroit suburb.
Uber Board Still Considering HPE's Whitman as CEO Contender
Uber Technologies' board is again considering Hewlett Packard
Enterprise Chief Executive Meg Whitman as a possible candidate for
the ride-hailing giant's CEO job despite her public statement
pulling out of contention, people familiar with the matter
said.
Mutual Funds Mark Down Uber Investments by Up to 15%
Four mutual-fund companies have marked down their investments in
Uber by as much as 15%, the first such price cuts that suggest
these investors are souring on the ride-hailing giant following a
scandal-ridden year.
BHP Taps Experienced Executives to Fill Out Changes in Board
BHP Billiton plans to replace two directors who have opted to
leave the resources giant with experienced executives, another win
for disgruntled investors.
GoDaddy COO Scott Wagner Returning to Chief Executive Post
GoDaddy Inc. said Tuesday that Chief Operating Officer Scott
Wagner will assume the company's top post after Chief Executive
Blake Irving retires at year's end.
TurboTax Parent Intuit Names New Finance Chief
Intuit, the maker of TurboTax and QuickBooks, said Chief
Financial Officer R. Neil Williams will step down from his post
next year after spending nearly 10 years with the company.
(END) Dow Jones Newswires
August 23, 2017 07:00 ET (11:00 GMT)
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