News Highlights: Top Company News of the Day
July 22 2019 - 11:15PM
Dow Jones News
Trump Touts Tech Industry Support for Huawei Exemptions
President Trump agreed to grant timely licensing decisions to
U.S. technology companies that want to continue lucrative sales to
Huawei Technologies, as the administration seeks to restart trade
talks with China.
AutoNation Abruptly Names New CEO
The car-dealership chain promoted finance chief Cheryl Miller,
succeeding company outsider Carl Liebert, who became CEO in
March.
TD Ameritrade Begins Search for New CEO
Discount brokerage TD Ameritrade Holding said Chief Executive
Tim Hockey will leave the company in February.
Whirlpool Raises Profit Forecast While Controlling Costs
Whirlpool raised its profit outlook for the year, saying it was
better controlling costs and continuing to benefit from the higher
prices it is charging for appliances.
Silver Lake Takes Stake in Software Provider EverCommerce
Silver Lake is acquiring a minority stake in Denver-based
EverCommerce, alongside existing stakeholder Providence Strategic
Growth, the growth-equity arm of buyout firm Providence Equity
Partners. Providence originally backed EverCommerce in 2016, when
the company focused on payments and business software and was known
as PaySimple.
Apple in Advanced Talks to Buy Intel's Smartphone-Modem Chip Business
Apple is in advanced talks to buy Intel's smartphone-modem chip
business, a move that would jump-start the iPhone maker's push to
take control of developing the critical components powering its
devices.
CIO Helps Conagra Turn Food Trends Into Products
Mindy Simon, chief information officer at Conagra, is helping
the 100-year-old company quickly capitalize on trends as the
packaged-foods industry comes to grips with changing consumer
tastes.
Starbucks Takes Stake in Tech Company
Starbucks said it is taking a stake in a digital technology
company called Brightloom to speed up its offering of mobile
ordering and payment options at its global stores to improve
customer convenience.
Microsoft to Invest $1 Billion in Artificial-Intelligence Startup
Microsoft plans to invest $1 billion in artificial-intelligence
startup OpenAI, as the software giant seeks to enhance its Azure
cloud-computing platform.
SNC-Lavalin to Restructure, Focus on Core Engineering Services
The struggling engineering-and-construction company said it will
exit the fixed-price construction business and explore the sale of
its oil-and-gas operations as part of a reorganization.
(END) Dow Jones Newswires
July 22, 2019 23:00 ET (03:00 GMT)
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