News Highlights: Top Company News of the Day
December 11 2017 - 5:15PM
Dow Jones News
Apple Acquires Shazam and Its Song-Recognition App
Apple has acquired Shazam Entertainment, giving it one of the
popular song-recognition apps at a time the iPhone maker is looking
to boost its music-subscription service.
Icahn to Launch New Board Fight With Xerox
Activist investor Carl Icahn plans to launch a new board fight
with Xerox in an attempt to change management of the company, his
second offensive against the copy-machine maker in a roughly
two-year span.
3M Sells Optical Fiber Business to Corning for $900 Million
Corning agreed to buy almost all of 3M's optical fiber and
copper cable business for $900 million.
Samsung Heavy Replaces CEO After Warning of Heavy Losses
Samsung Heavy Industries Co., the world's third-biggest shipyard
by capacity, replaced its chief executive on Monday after having
warned last week of heavy losses that wiped away nearly a third of
its market value.
Mattel Warns of Weak Holiday Quarter, Two Weeks Before Christmas
Mattel warned of another gloomy holiday season as key brands
continue to struggle and toy retailers tighten the amount of
inventory they are willing to buy upfront.
Despite Mergers, Hospitals Are in Serious Condition
American hospitals have a target on their backs. The latest
merger talk is an attempt to rally their strength, but industry
payers' battle against high health-care costs shows no sign of
letting up.
Software Firm Settles U.S. Security Probe
A telecom software company will resolve a criminal investigation
of its use of uncleared Russian nationals working on a U.S. defense
project by implementing a security plan that U.S. officials hope
will be an industry model.
App Maker Halts Initial Coin Offering After SEC Investigation
The Securities and Exchange Commission intervened to halt a $15
million initial coin offering that would have evaded laws for how
securities must be sold. The case is the first in which the SEC has
taken action against an ICO without making fraud claims.
In New NFL Deal, Verizon Trades Mobile Exclusivity for Rights on Yahoo
Verizon Communications will no longer have the exclusive mobile
rights to distribute the games to its wireless customers, but the
$2 billion deal will expand the partnership to Verizon-owned
platforms like Yahoo Sports.
Celebrity Chef Batali Accused of Sexual Misconduct
Mario Batali stepped down from the day-to-day operations of his
restaurant-management company, saying some of his behavior 'was
wrong and there are no excuses.'
(END) Dow Jones Newswires
December 11, 2017 17:00 ET (22:00 GMT)
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