News Highlights: Top Company News of the Day
February 21 2018 - 1:30PM
Dow Jones News
Broadcom Lowers Offer for Qualcomm, Cites 'Value Transfer'
Broadcom knocked more than $4 billion off its bid to acquire
Qualcomm, firing back a day after Qualcomm sweetened its own offer
to acquire NXP Semiconductors by billions.
How Jeffrey Immelt's 'Success Theater' Masked the Rot at GE
A culture that disdained bad news contributed to overoptimistic
forecasts and botched strategies. GE stock has almost halved since
Mr. Immelt resigned as CEO and the company is considering whether
to break itself up.
Tops Markets Files for Chapter 11 Bankruptcy Protection
Supermarket chain Tops Markets LLC filed for bankruptcy
protection Wednesday, the latest regional grocery chain to look to
restructure its balance sheet as consumers move to nontraditonal
food retailers.
Priceline Group Rebrands to Booking Holdings
Priceline Group has changed its name to Bookings Holdings, a
move the company says better represents the diversity of its
businesses.
Lloyds: An Undervalued Cash Cow in Banking
Lloyds Banking Group has become nice little earner for
investors, as the U.K. bank launched a share buyback and promises
more.
GE Changes Course on Selling Baker Hughes Stake
General Electric has no intention of selling down its majority
stake in oil services firm Baker Hughes before 2019, the company's
finance chief said, in a shift from its previous exploration of
exiting the business.
Activist Investor Calls for Spinoff of Bloomin' Brands Restaurants
An activist investor is calling for Bloomin' Brands to spin off
some of its restaurant brands, revamp its board of directors and
adopt more aggressive cost-cutting goals, arguing the Outback
Steakhouse-operator is lagging behind its industry peers.
Dish Network Highlights Sling TV Subscribers as Pay-TV Declines
Dish Network disclosed how many Sling TV subscribers it has for
the first time as the company looks to assure investors it can grow
in new businesses while customers continue to drop their
traditional television packages.
SpaceX Indicates Internet System Will Take Longer Than Anticipated
SpaceX's proposed internet-via-space project is slated to launch
two experimental satellites on Thursday, even as the company tamps
down expectations such prototypes will quickly evolve into a
functioning global system.
When Ford Warned People to Stop Driving Some of Its Trucks, a Regulator Lost Sleep
Ford's decision to instruct tens of thousands of truck owners to
stop driving vehicles with potentially lethal air bags raises fresh
concerns for regulators already grappling with the largest
automotive safety recall in U.S. history.
(END) Dow Jones Newswires
February 21, 2018 13:15 ET (18:15 GMT)
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