Google Parent Posts Surge in Profit, but Expense Also Jump 
 

Sales kept soaring at Google parent Alphabet, the dominant player in online ads, which reported first-quarter profit surged. The company also got an earnings boost from Uber.

 
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.

 
United Board Seeks New Chairman, CEO Takes Pay Cut 
 

The board of United Continental Holdings Inc. says it will nominate a new chairman from within its ranks after veteran industry executive Robert Milton opted to leave the third-largest U.S. carrier.

 
Southwest Expects Minor Disruptions as It Inspects Engines 
 

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.

 
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.

 
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.

 
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.

 
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.

(END) Dow Jones Newswires

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

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