News Highlights: Top Company News of the Day
August 15 2018 - 3:30PM
Dow Jones News
T-Mobile Forges Deals With Pandora, Live Nation
T-Mobile US Inc. said it will give customers free music and
perks from Pandora Media and Live Nation Entertainment, the latest
in a string of sweeteners from carriers seeking to offer more than
wireless service alone.
Macy's Lifts Profit, but Fails to Persuade Skeptics
The retailer's profit rose 50% in the latest quarter as its
same-store sales increased. Even so, the shares tumbled as analysts
questioned the speed of the company's turnaround effort.
Tech Giant Tencent Caught in Chinese Regulatory Trap
Chinese tech titan Tencent Holdings reports a rare profit
decline and disappointing sales as the internet giant struggles
with regulatory hurdles for its gaming business.
Corona Brewer Bets $4 Billion on Cannabis Startup
Corona brewer Constellation Brands is investing $4 billion into
Canadian marijuana grower Canopy Growth, one of the biggest
corporate wagers on the potential global market for
cannabis-infused drinks and other products.
Kimberly-Clark to Raise Prices in North America for Huggies, Other Brands
Consumer-goods company Kimberly-Clark is increasing its list
prices and changing package counts in the U.S. and Canada for
several brands, including Cottonelle bathroom tissue and Huggies
diapers.
New CEO at Ben & Jerry's Plans to Whip Up Activism, 'Whirled Peace'
Matthew McCarthy, the new chief of Unilever unit Ben &
Jerry's, said he will step up the ice cream brand's focus on social
advocacy as it launches more new products and marketing
initiatives.
WhatsApp Founder's 'Rest and Vest' Reward From Facebook: $450 Million
After WhatsApp co-founder Jan Koum said he was leaving Facebook
in April, he has continued showing up at the social-media giant's
headquarters. His incentive for doing so: about $450 million in
stock awards.
Diamondback to Acquire Energen
Diamondback Energy will acquire Energen in a roughly $8.4
billion all-stock transaction, a deal that comes as energy
producers face pressure to control rising costs.
Buffett's Berkshire Keeps Buying More of Apple
Warren Buffett's Berkshire Hathaway continued to load up on
technology giant Apple in the second quarter, taking its stake in
the iPhone maker to $46.6 billion.
Sears CEO's Fund Offers $400 Million for Kenmore Brand
Edward Lampert, the chief executive of Sears Holdings Corp., has
offered to buy the company's Kenmore brand for $400 million in
cash.
(END) Dow Jones Newswires
August 15, 2018 15:15 ET (19:15 GMT)
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