Sears CEO Calls for Breakup, Offers

Edward Lampert is once again carving up Sears in a bid to save his retail empire, offering to purchase the Kenmore appliance brand and other Sears units after the struggling company was unable to find other buyers.

 
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.

 
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.

 
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.

 
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.

 
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.

 
CenterPoint Energy to Buy Vectren for About $6 Billion

CenterPoint Energy is buying Vectren in a $6 billion deal that will create a combined energy company with more than 7 million customers across the U.S.

 
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.

 
UBS Profit Rises on Wealth Management, Investment Banking

UBS reported a sharp rise in first-quarter profit driven by strong growth in wealth management and investment banking, although a rise in costs and fall in invested assets prompted shares to fall.

(END) Dow Jones Newswires

April 23, 2018 15:00 ET (19:00 GMT)

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