Bank of Montreal Posts Profit Rise

The Canadian bank logged a 5.4% rise in its fiscal first-quarter profit thanks in part to a lift in revenue and a solid period for loan and deposit growth and its capital markets arm.

 
Univision to Sell Majority Stake to Searchlight, Former Viacom Executive

The Spanish-language broadcaster agreed to sell a majority stake to private-equity firm Searchlight Capital and a company founded by a former Viacom senior executive.

 
Thomson Reuters Names Former Nielsen Executive as CEO

Steve Hasker will succeed Jim Smith, who will become the chairman of Thomson Reuters Foundation, the media company's charitable arm.

 
Walmart to Combine Online And Store Product-Buying Teams

Walmart is combining its online and store product-buying teams, in a bid to reduce conflict and boost profits at its e-commerce business, whose sales are on track to approach $50 billion this year.

 
Home Depot's Quarterly Profit Rises

Home-improvement retailer posted net income of $2.48 billion as same-store sales rose 5.2%.

 
Macy's Posts Declines in Profit, Sales

The retailer said sales and profit fell in its latest quarter, but its overall financial results were in line with its postholiday estimates.

 
Mastercard Lays Out Succession Plans

Chief product officer Michael Miebach will become CEO next January, and current chief executive Ajay Banga will transition to executive chairman.

 
Mallinckrodt Nets Government Support for $1.6 Billion Opioid Deal

The drugmaker will place its generics business in bankruptcy as part of a proposed deal with thousands of local governments and 47 states and U.S. territories.

 
Amazon Opens Cashierless Supermarket in Latest Push to Sell Food

The e-commerce giant is rolling out its checkout-free "Go" technology in a large grocery store and plans to license the cashierless system to other retailers.

 
Cars.com CTO Boosts Staff Cloud Skills in Move to Amazon Web Services

The transition, which began in March of last year, is aimed in part at speeding up the matchmaking process between cars and buyers on its website, which hosts a daily average of some 4 million cars from 19,000 dealers.

(END) Dow Jones Newswires

February 25, 2020 11:00 ET (16:00 GMT)

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