Sears CEO Calls for Breakup, Offers

Sears Holdings CEO Edward Lampert is offering to purchase the Kenmore appliance brand and other Sears units after the struggling company was unable to find other buyers for the assets.

 
EU Probes Apple's Planned Acquisition of Shazam

European Union antitrust authorities opened a full probe into Apple's proposed acquisition of the popular song-recognition app Shazam on concerns it could reduce choice for users of music-streaming services.

 
Qualcomm's No Good, Very Bad Streak

Qualcomm stepped into the escalating spat between the U.S. and China. Now it is grappling with the fallout.

 
U.S. Extends Deadline for Investors to Disentangle From Rusal

The U.S. Treasury extended the deadline for investors to exit their dealings with sanctioned Russian aluminum giant Rusal after America's European allies complained Washington's latest punitive actions put their companies at risk.

 
AT&T's Defense Invokes Big Tech Terror

In the U.S. government's lawsuit to block the merger of AT&T with Time Warner, the two companies say the deal needs to be approved for them to survive an onslaught from big tech. Yet, the imminent doom they conjure doesn't entirely hold up.

 
Elaine Wynn Launches Effort to Remove a Wynn Director

Wynn Resorts's largest shareholder is launching a campaign to remove one of three board directors investigating sexual-misconduct allegations against former Chief Executive Steve Wynn.

 
Newell Brands Strikes Deal to Avoid Proxy Battle

Newell Brands and Carl Icahn have struck a deal with a second activist investor, heading off a potentially damaging proxy fight as the maker of Elmer's Glue, Sharpie markers and Mr. Coffee machines works to shed assets and turn around its operations.

 
U.S. Hospital Profits Fall as Labor Costs Grow and Patient Mix Shifts

One important measure of U.S. hospital profits last year reached a low not seen in the past decade, as a tight labor market and other factors pressure hospital finances.

 
Southwest Cancels 40 Flights for Engine Inspections

Southwest Airlines canceled a small number of fights Sunday to perform engine checks in the wake of an accident that killed one of its passengers.

 
Hasbro's Sales Take a Hit From Collapse of Toys 'R' Us

Hasbro blamed a 16% decline in first-quarter sales on the liquidation of Toys "R" Us Inc. and sped up plans to overhaul its sales organization for a world where more toys are sold online.

(END) Dow Jones Newswires

April 23, 2018 13:15 ET (17:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.