News Highlights: Top Company News of the Day

Date : 02/13/2018 @ 4:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Walmart to Trim Store Management Ranks 

Walmart is cutting some store management jobs as it works to keep labor costs low while investing in higher wages and e-commerce efforts to fend off

Broadcom Now Seeks Six Seats on Qualcomm Board 

Broadcom will nominate six independent directors to Qualcomm's board, down from its prior target of 11, as it pleads its case with shareholders to move forward a $121 billion takeover bid.

Xerox Defends Fujifilm Deal After Icahn Criticism 

Xerox defended its deal with Fujifilm in a letter to shareholders a day after activist investor Carl Icahn said he would vote against the merger.

Under Armour Expands Restructuring Plan 

Under Armour said Tuesday that revenue in its latest quarter rose despite a decline in North America and announced it was pumping up restructuring plans in 2018 as it orchestrates a turnaround.

PepsiCo Posts Flat Sales, Plans to Trim Jobs 

PepsiCo quarterly sales were flat, hurt by falling demand in North America for its beverages, but the company said it had ramped up cost-cutting efforts to protect its bottom line.

Thomson Reuters CEO Jim Smith Hospitalized 

Thomson Reuters Corp. president and Chief Executive Jim Smith was hospitalized in Toronto Monday after the company said he was "feeling unwell."

Blue Apron Sheds Customers as Meal Kit Competition Mounts 

Blue Apron Holdings is hemorrhaging customers, as operational problems and rising competition jeopardize its rank as the U.S.'s largest meal-kit company.

U.S. Tax Provision May Sting Foreign Firms 

Executives around the world have embraced the U.S. tax overhaul's big reduction in the headline corporate-tax rate, but the base-erosion and anti-abuse tax-or BEAT-could hurt some companies based overseas.

NXP Deal Is Likely Qualcomm's Best Defense Against Broadcom 

In Qualcomm's quest to avoid being swallowed by Broadcom, its best bet to remain independent may be completing its own giant acquisition. But it is running out of time.

Amazon's Latest Ambition: To Be a Major Hospital Supplier 

Amazon is pushing to turn its nascent medical-supplies business into a major supplier to U.S. hospitals and outpatient clinics that could compete with incumbent distributors of items from gauze to hip implants.


(END) Dow Jones Newswires

February 13, 2018 11:15 ET (16:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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