News Highlights: Top Company News of the Day
February 20 2017 - 1:15PM
Dow Jones News
Unilever Drops After Kraft Pulls $143 Billion Offer
Shares in Unilever tumbled 8% in early trading after Kraft Heinz
withdrew its $143 billion offer for the Anglo-Dutch group just a
little more than 48 hours after making its audacious bid
public.
Uber to Investigate Sexism, Harassment Claims
Uber Technologies plans to investigate claims by a former
engineer that the company failed to discipline a manager who
mistreated female employees and ignored complaints of sexual
harassment.
Alibaba Teams Up With Traditional Retailer
Alibaba Group is forming a strategic partnership with
brick-and-mortar retailer Bailian Group in a deal that underscores
the continued importance of traditional retailing.
Kim Dotcom Loses Appeal on U.S. Extradition
Kim Dotcom and three co-defendants are subject to extradition to
the U.S. to face charges over the file-sharing site Megaupload, New
Zealand's High Court ruled, partly upholding a lower-court ruling.
The next step is the Court of Appeal.
Unilever Chief Raises the Defenses as Kraft Heinz Circles
Paul Polman is digging in to resist Kraft Heinz's $143 billion
offer, warning board members and investors that Kraft's
cost-cutting ethos could damage Unilever brands.
Wal-Mart's Big Box of Trouble
From Amazon.com to Donald Trump to Warren Buffett, Wal-Mart
Stores faces an uphill battle as it reports fourth-quarter
earnings.
SpaceX Launches Its First Rocket From Iconic Florida Pad
Space Exploration Technologies successfully launched a cargo
capsule into orbit Sunday from the Kennedy Space Center pad from
which Apollo 11 took off and which served as home base for the
space shuttle.
Mining Giants Ride Copper's Wave
Copper bulls are looking smart. Some of the world's biggest
mining companies are now poised to reap the rewards, with Anglo
American, BHP Billiton and Glencore set to report earnings this
week.
May to Meet Peugeot CEO Amid Concerns Over Vauxhall
British Prime Minister Theresa May is expected to meet Peugeot
Chief Executive Carlos Tavares this week to discuss the French car
maker's proposal to buy General Motors' Vauxhall unit.
Risk Hungry? Meet Barclays's New Investment Bank Boss
Tim Throsby, a relatively unknown former J.P. Morgan Chase
executive, has been tapped to run Barclays International, which
accounts for more than two-thirds of Barclays's revenue.
(END) Dow Jones Newswires
February 20, 2017 13:00 ET (18:00 GMT)
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