News Highlights: Top Company News of the Day
February 20 2018 - 1:30PM
Dow Jones News
Qualcomm Raises Bid for Chip Maker NXP to $44 Billion
Qualcomm raised its bid for NXP Semiconductors to about $44
billion and locked up support from key investors, as the chip maker
seeks to fend off a $121 billion hostile takeover approach by
Broadcom.
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.
Gap Is Replacing CEO of Flagship Brand
Gap said it is searching for a replacement for Gap brand
President and CEO Jeff Kirwan, who is resigning.
Fox News to Launch Streaming-Video Service With Opinion Fare
Fox News said it is launching a streaming-video service aimed at
the news channel's biggest fans, the latest move by a media company
to seek growth outside of traditional cable TV.
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
Global 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%.
(END) Dow Jones Newswires
February 20, 2018 13:15 ET (18:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.