Walmart's Online Sales Come Under Pressure

Walmart reported strong holiday sales but said online sales growth slowed during the quarter, marking a turn from three quarters of booming web growth.

 
Guess Co-Founder to Step Away During Investigation Into Conduct

Guess? said Tuesday that co-founder Paul Marciano will relinquish his day-to-day responsibilities with the company and salary during a continuing investigation into recent allegations of improper conduct.

 
Qualcomm Raises Bid for Chip Maker NXP to $44 Billion

Chip giant Qualcomm raised its bid for NXP Semiconductors to about $44 billion in an effort to win shareholder support for the acquisition.

 
Gap Replacing CEO of Flagship Brand

Gap said it is searching for a replacement for Gap brand President and CEO Jeff Kirwan, who is resigning.

 
Supreme Court Declines to Wade Into Fight Over Fannie, Freddie Profits

The Supreme Court declined to intervene in a fight over the government's handling of mortgage-finance giants Fannie Mae and Freddie Mac, a setback for investors seeking gains from the firms' return to profitability.

 
Oil Demand Is Going to Peak in the Next 20 Years, Says BP

Gobal demand for crude oil could peak in the next two decades, as renewables like solar power surge faster than expected to meet a greater share of the world's energy needs, BP said.

 
Albertsons Scoops Up Remainder of Rite Aid in Face of Online Threat

Albertsons plans to buy the portion of Rite Aid that isn't being sold to Walgreens Boots Alliance as retailers of all stripes scramble to respond to a rapidly changing consumer shopping landscape.

 
HSBC Misses Profit Target as Bad Loans Weigh on Results

HSBC's full-year profit missed analysts' expectations after the bank was hit by the high-profile collapses of two borrowers in the U.K. and South Africa.

 
BHP Willing to Talk About Activist's Overhaul Plan

BHP Billiton, its net profit off 37%, signaled it may be willing to yield to activist investor Elliott Management's latest assault on its corporate structure, even as it lifted its dividend 38%.

 
Startup FourKites Raises $35 Million for Expansion, Improved Tracking

The company, which makes software that tracks cargo for shippers and logistics companies and alerts them to potential delays, is growing at a time when shoppers and retailers are demanding more precise delivery information.

(END) Dow Jones Newswires

February 20, 2018 11:00 ET (16:00 GMT)

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