News Highlights: Top Company News of the Day
December 14 2018 - 9:30AM
Dow Jones News
Apple's New Job Push Reflects Shifting Strategy, Changing Identity
Apple's plan to add thousands of jobs in Austin, Texas, San
Diego, Seattle and Culver City, Calif., sketches out a road map
toward a future reliant on services and higher-priced devices.
Companies Ramp Up Stock Buybacks as Market Swoon Continues
Shares in a handful of U.S. companies have rallied following
recent announcements of increased share repurchases, a welcome
development for investors bruised by market volatility.
LVMH Seals $2.6 Billion Deal for Hotel Operator Belmond
French luxury-goods company LVMH is close to a deal to acquire
Belmond, a London-based owner and operator of high-end hotels
around the world.
Look to These Five Retailers to Bring Holiday Cheer
It's a promising Christmas season for retail, with low
unemployment and strong consumer confidence, and the vanishing of
some famous brands has given relief to those still standing. Five
of those retail chains may win big.
Lucy Peng to Step Down as CEO of Alibaba's Lazada
Longtime Alibaba executive Lucy Peng is stepping down as chief
executive of the e-commerce giant's Lazada Group after nine months
on the job.
Tencent's Roster of IPOs Doesn't Live Up to the Hype
Tencent Holdings, one of China's most influential companies, is
also one of the most active technology investors, backing some of
the world's biggest initial public offerings. But the technology
giant's support doesn't make these deals a sure thing for
investors.
Buying Ads in the Age Of Google
Advertising supremo Martin Sorrell's new venture seems a better
bet on the future of advertising than his old one.
Sears Goes Under and Sales Go Up
The retailer, which has filed for bankruptcy protection,
attributed a 4.3% rise in comparable sales to liquidations at
stores that it is closing. Still, total revenue fell 23% and its
loss widened.
Battle Over Shareholder Suits Pulls In J&J
Johnson & Johnson is being drawn into a battle over how much
freedom shareholders have to sue companies, in a bid by lawsuit
opponents to force regulators to pick sides over investors' access
to the courts.
Adobe Raises Revenue Forecast
Adobe Systems is betting that sustained demand from U.S.
corporate customers and technology buyers in emerging markets will
drive another year of revenue growth above 20%.
(END) Dow Jones Newswires
December 14, 2018 09:15 ET (14:15 GMT)
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