Broadcom Lowers Offer for Qualcomm, Cites 'Value Transfer' 
 

Broadcom lowered its offer to buy Qualcomm by about $4 billion in response to Qualcomm raising its offer to buy NXP Semiconductors NV.

 
Tops Markets Files for Chapter 11 Bankruptcy Protection 
 

Supermarket chain Tops Markets LLC filed for bankruptcy protection Wednesday, the latest regional grocery chain to look to restructure its balance sheet as consumers move to nontraditonal food retailers.

 
Priceline Group Rebrands to Booking Holdings 
 

Priceline Group has changed its name to Bookings Holdings, a move the company says better represents the diversity of its businesses.

 
Activist Investor Calls for Spinoff of Bloomin' Brands Restaurants 
 

An activist investor is calling for Bloomin' Brands to spin off some of its restaurant brands, revamp its board of directors and adopt more aggressive cost-cutting goals, arguing the Outback Steakhouse-operator is lagging behind its industry peers.

 
Dish Network Highlights Sling TV Subscribers as Pay-TV Declines 
 

Dish Network disclosed how many Sling TV subscribers it has for the first time as the company looks to assure investors it can grow in new businesses while customers continue to drop their traditional television packages.

 
SpaceX Indicates Internet System Will Take Longer Than Anticipated 
 

SpaceX's proposed internet-via-space project is slated to launch two experimental satellites on Thursday, even as the company tamps down expectations such prototypes will quickly evolve into a functioning global system.

 
When Ford Warned People to Stop Driving Some of Its Trucks, a Regulator Lost Sleep 
 

Ford's decision to instruct tens of thousands of truck owners to stop driving vehicles with potentially lethal air bags raises fresh concerns for regulators already grappling with the largest automotive safety recall in U.S. history.

 
JPMorgan Chase to Build New Midtown NYC Headquarters 
 

JPMorgan Chase plans to build a new 2.5 million square-foot headquarters at 270 Park Ave. in New York City, the first major project under a city rezoning plan designed to rejuvenate the building stock in one of its biggest job centers.

 
Folgers Wakes Up With a New Premium Cup of Coffee 
 

Folgers is taking its biggest risk in decades with a new brand aimed at reviving the 167-year-old coffee giant, the latest food maker to try to win over younger consumers.

 
Lotte Group Chairman Resigns From Its Japanese Holding Company 
 

Shin Dong-bin's resignation could reignite an ugly family dispute with his older brother over control of South Korea's fifth-largest conglomerate. Lotte operates businesses ranging from chemicals to snacks, supermarkets, entertainment and hotels.

(END) Dow Jones Newswires

February 21, 2018 11:00 ET (16:00 GMT)

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