Steve Wynn Cashes Out, Sells Roughly Third of His Stake in Company He Co-Founded

Steve Wynn sold just over a third of his shares in Wynn Resorts, making his ex-wife, co-founder Elaine Wynn, the company's new largest shareholder, securities filings show.

 
Blackwells Launches Proxy Fight at Supervalu

A proxy fight is under way at Supervalu Inc. as an activist investor seeks to overhaul the board of directors at one of the nation's largest grocery companies.

 
Whole Foods Losing Executives Under New Owner Amazon

More than a dozen executives and senior managers have left Whole Foods in the seven months since its acquisition by Amazon.com-leaving some suppliers and shoppers worried the chain's retailing mojo won't endure.

 
Best Buy to Stop Selling Huawei Phones

Best Buy plans to stop selling phones in the U.S. made by Huawei Technologies, the latest blow for the Chinese cellular-electronics giant in the U.S.

 
Conagra Sees Higher Profit Despite Rising Costs

Conagra Brands the maker of Hunt's ketchup and Slim Jim meat snacks, said it expects a higher annual profit this year despite rising costs for ingredients and shipping.

 
Biggest Three Banks Gobble Up $2.4 Trillion in New Deposits Since Crisis

Americans are parking more money with the biggest banks than ever before, cementing the firms' dominance of the financial industry less than a decade after the crisis.

 
The Savviest Tech Investor You've Never Heard of Is Selling Down Tencent

One of the oldest and largest investors in Tencent Holdings plans to sell more than $10 billion worth of shares in the Chinese internet giant, partially cashing out of one of the world's most lucrative tech bets at a time of turbulence for the sector.

 
Memories of '07 Haunt Buyout Firms Sitting on Trillion-Dollar Cash Pile

It has been more than a decade since private-equity firms went on a buyout binge on the eve of the financial crisis, but as the recent bankruptcies of Toys "R" Us and iHeartMedia show, many of the deals continue to haunt their owners and are forcing them to find new ways to spend an epic pile of cash.

 
Next Worry for Facebook: Disenchanted Users

Facebook's handling of user data has upset lawmakers and regulators in multiple countries, but the biggest risk to its business could come from angry users.

 
Trump Policy Change Is a Win for Drugmakers

The Trump administration has issued a policy change that could drive up prices of certain biologic drugs, implementing a new industry-backed measure that overturns existing regulation that promoted lower prices.

(END) Dow Jones Newswires

March 22, 2018 11:15 ET (15:15 GMT)

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