News Highlights: Top Company News of the Day
April 23 2018 - 7:30PM
Dow Jones News
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 19:15 ET (23:15 GMT)
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