News Highlights: Top Company News of the Day
February 21 2017 - 3:15PM
Dow Jones News
Why Verizon Decided to Stick With Yahoo Deal
Verizon shaved the price it will pay for Yahoo's core business
but is pushing ahead with the deal, in a bet that the chance to
expand into digital advertising trumps the risk of further fallout
from massive data breaches at the struggling internet pioneer.
Wells Fargo Fires Four Executives Following Probe of Sales Practices
Wells Fargo & Co. said Tuesday that four executives were
fired for cause related to its sales-practices scandal based on its
board's independent investigation.
Wal-Mart Posts Strong Holiday Sales
Wal-Mart reported strong sales over the winter holiday season, a
marked contrast with the weak numbers posted by many
brick-and-mortar competitors including Target and Macy's.
Owner of Burger King and Tim Hortons to Buy Popeyes
Restaurant Brands, the owner of Burger King and Tim Hortons,
said it would buy Popeyes Louisiana Kitchen for about $1.64
billion. Executives said they see huge growth potential for Popeyes
in Asia.
Macy's Profit Tops Views Despite Stumbling Sales
Macy's said revenue will continue to decline this year as it
works on ways to improve sales and draw in more customers who are
increasingly using the internet to plan and make their
purchases.
Peugeot CEO Talks With Merkel About Possible Opel Takeover
Carlos Tavares pledged to keep Opel's management independence in
a conversation with German chancellor.
Boeing Looks to Build Satellites More Quickly, With Fewer Workers
Boeing is taking steps to build satellites more quickly through
new production practices that will rely more on 3-D printing and
involve fewer workers, which eventually could transform the
aerospace giant's traditional way of turning out high-end
commercial and military spacecraft.
Kraft-Unilever Deal Is Off, but Warren Buffett's Anomalies Live On
Behind Kraft's aborted bid for Unilever lies a tale of market
anomalies that have lasted decades, helped make Warren Buffett's
fortune and may-perhaps-have ended in a mini-bubble last year.
HSBC to Buy Back More Shares After Net Loss Widens
HSBC warned that a changed U.S. stance on global trade could
harm its business as net loss widened to $4.23 billion. Stock fell
sharply in early London trading.
United Continental Unveils 'Basic Economy' Cheaper Tickets
American Airlines Group and United Continental Holdings
separately introduced the first of their cheaper economy-class fare
options that come with passenger restrictions.
(END) Dow Jones Newswires
February 21, 2017 15:00 ET (20:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.