News Highlights: Top Company News of the Day
August 23 2017 - 7:30PM
Dow Jones News
FTC Approves Whole Foods-Amazon Merger
Amazon's takeover of Whole Foods cleared its biggest hurdle on
Wednesday as federal regulators approved the e-commerce giant's big
bet on the more than $700 billion food retail market.
Uber Racks Up Rides, Losses Amid Setbacks
Uber Technologies Inc.'s scandal-plagued year apparently hasn't
deterred ridership, though the ride-hailing company is still
reporting heavy financial losses.
WPP Sounds a Warning Signal on Consumer-Ad Spending; Shares Sink
WPP shares were off 10% after the world's largest advertising
company reported a steeper-than-expected slowdown in ad buying by
consumer-goods companies, especially in North America.
HP's Earnings, Sales Beat Expectations
HP, boosted by rising sales of notebooks and desktop computers,
posted better-than-expected revenue of $13.1 billion in its fiscal
third quarter. Adjusted earnings of 43 cents a share also beat
analyst expectations, but shares fell after-hours.
Meg Whitman Stands By Statement She Won't Be Uber CEO
The Hewlett Packard Enterprise chief executive repeated that she
won't be the next CEO of Uber following news that the board is
considering her again as a candidate.
Invesco Close to Deal for Guggenheim ETF Business
Invesco Ltd. is nearing an agreement to buy Guggenheim
Partners's exchange-traded-funds business for more than $1 billion,
people familiar with the matter said.
Cargill Invests in Startup That Grows 'Clean Meat' From Cells
Cargill, one of the world's largest producers of beef and
poultry, has taken a stake in a startup developing technology to
grow meat from self-reproducing animal cells.
Mitsui Sumitomo to Buy Singapore's First Capital From Fairfax
Japanese insurer Mitsui Sumitomo Insurance Co. has struck a deal
to buy Singapore-based property and casualty insurer First Capital
from Canada's Fairfax Financial Holdings Ltd. for $1.6 billion.
American Express Admits to Offering Worse Credit-Card Terms in U.S. Territories
American Express acknowledged that it offered worse terms to
credit-card customers in Puerto Rico and other U.S. territories
than those extended to clients in the 50 states, and has paid $95
million to affected consumers to settle the matter.
U.S. Gets Easier Path to Insider-Trading Convictions
A federal appeals court upheld the 2014 insider-trading
conviction of former SAC Capital Advisors portfolio manager Mathew
Martoma, in a broad ruling that could ease the government's ability
to prosecute corporate insiders that divulge confidential
information.
(END) Dow Jones Newswires
August 23, 2017 19:15 ET (23:15 GMT)
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