News Highlights: Top Company News of the Day
February 21 2018 - 11:30AM
Dow Jones News
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 11:15 ET (16:15 GMT)
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