Alphabet's Earnings Soar as Sales Continue to Climb 
 

Sales keep soaring at Google parent Alphabet, the dominant player in online ads, which reported first-quarter profit surged.

 
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.

 
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.

 
California Treasurer Calls for Wells Fargo CEO Removal Amid 'Laundry List of Misdeeds' 
 

California State Treasurer John Chiang called for the removal of Wells Fargo Chief Executive Timothy Sloan on Monday, citing the bank's widespread problems.

 
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.

 
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.

(END) Dow Jones Newswires

April 23, 2018 17:15 ET (21:15 GMT)

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