News Highlights: Top Company News of the Day
October 23 2017 - 5:15PM
Dow Jones News
Amazon Says 238 Places Want to Host Its New Headquarters
Amazon said it received 238 proposals from cities and regions
across North America to host its second headquarters.
Former HSBC Executive Found Guilty of Fraud
A federal jury found Mark Johnson, a former high-ranking HSBC
Holdings PLC executive, guilty on charges that he misused
information about a client's $3.5 billion currency trade to make
millions of dollars for the bank.
GE Shares Sink As Analysts Cut Price Targets, Question Dividend
Shares of General Electric Co. fell Monday as analysts raced to
cut their price targets after the conglomerate's latest
disappointing earnings report.
Cisco Steers Further Into Cloud With Purchase of BroadSoft
Cisco Systems plans to pay $1.73 billion to acquire BroadSoft, a
maker of cloud-based communications software, as the networking
giant steers further away from its legacy hardware and into sales
of software and services.
Kaspersky to Allow Review of Its Cybersecurity Software
Kaspersky Lab, the Moscow-based cybersecurity firm, pledged to
turn over the source code for its antivirus software for
independent review-a bid to protect its reputation after U.S.
officials said Russian operatives have used the popular program to
spy on Americans.
Under Armour Co-Founder Kip Fulks Takes Sabbatical
Kip Fulks, a co-founder of Under Armour, is taking a sabbatical
from the company, and the sportswear maker is considering exiting
tennis and other categories as it combats slowing industry sales,
said people familiar with the matter.
Arconic Names Former GE Executive as CEO
Arconic named former General Electric executive Chip Blankenship
as its new leader, roughly six months after its prior CEO stepped
down after sending an unauthorized letter to an activist
investor.
T-Mobile Skirts Merger Issue as Customer Base Grows
T-Mobile US added 817,000 of its most valuable postpaid phone
accounts in the third quarter but mostly avoided addressing its
merger discussions with rival Sprint, forcing investors to wait a
while longer for word on the company's future.
Hasbro Gives Cautious Holiday Outlook
Hasbro Inc. warned that the Toys "R" Us Inc. bankruptcy will
soften sales during the key holiday period, with the maker of Nerf
guns and Disney Princess dolls unsure how frequently it will ship
items to the specialty retailer.
EU Antitrust Authorities Raid Daimler, Volkswagen Offices
European antitrust authorities carried out further inspections
of German car makers' premises, including the offices of Volkswagen
and Daimler, over concerns about an illegal cartel.
(END) Dow Jones Newswires
October 23, 2017 17:00 ET (21:00 GMT)
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