Sprint Vows to Wind Down Location Sharing

Sprint Corp. says it will stop piping individual customers' real-time locations to data middlemen following similar moves by rivals last week.

 
Retailer Shopko Enters Chapter 11 Bankruptcy

Retail chain Shopko, which is backed by private-equity firm Sun Capital, filed for bankruptcy protection with plans to close another 38 stores and sell assets.

 
Snap's People Problem Isn't Vanishing

A social network that can't hold on to people isn't promising: Snap Inc. Chief Financial Officer Tim Stone is just the latest in a long line of prominent executives to leave the company.

 
Fiserv to Acquire First Data in $22 Billion All-Stock Deal

Fiserv is acquiring First Data in an all-stock transaction valued at $22 billion, a deal that would combine two companies that focus on payments and financial-services technology.

 
Bankers Shine, Traders Stumble as Goldman Profit Jumps

Goldman Sachs Group's fourth-quarter profit beat Wall Street expectations as higher merger fees helped offset weak trading revenue.

 
Sears to Stay Open, After Lampert Prevails in Bankruptcy Auction

Billionaire Edward Lampert won a bankruptcy auction for Sears, keeping the struggling department store chain from shutting all its remaining stores. His $5 billion offer beat a competing bid to liquidate the company.

 
Bank of America Profit Rises Sharply, Lifted by Higher Rates

Bank of America said that fourth-quarter profit rose sharply from a year ago.

 
Ford Gives Earnings Warning, Offers Less-Bullish 2019 Outlook

Ford Motor said that 2018 profit will fall short of Wall Street expectations and declined to give a specific forecast for this year, illustrating the challenges amid uncertainty in the global auto market.

 
U.S. Bancorp, PNC Report Increase in Revenue, Drop in Expenses

Fourth-quarter earnings results varied at two of the country's largest regional banks, while both firms reported a drop in expenses and an increase in revenue.

 
BlackRock's Assets Fall Sharply

Money manager Blackrock's assets fell below the $6 trillion mark in the fourth quarter, a sign of how volatile markets and investor jitters pose new challenges.

(END) Dow Jones Newswires

January 16, 2019 13:15 ET (18:15 GMT)

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