News Highlights: Top Company News of the Day

Date : 02/14/2018 @ 12:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Chipotle Picks Taco Bell CEO Brian Niccol to Be Its New Chief 

Chipotle Mexican Grill named Taco Bell CEO Brian Niccol its next chief executive, tapping a fast-food veteran to try to revive the struggling burrito chain.

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.

MetLife Sees Lower Charge to Bolster Pension Reserves 

MetLife Inc. reported a smaller charge than it initially forecast in connection with bolstering its pension reserves after disclosing it failed to pay monthly benefits to a group of workers it covered.

Baidu Considers IPO of Streaming Video Unit iQiyi 

Baidu Inc. is considering listing online-video unit iQiyi in the U.S. as a separate public company while increasing investment in its mobile and artificial intelligence.

Mirae Asset Global to Acquire U.S. ETF Issuer Global X 

Global X, a U.S. ETF issuer with $9.3 billion in assets, is being acquired by Mirae Asset Global Investments.

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.

Blackstone Puts Gray on Track to Succeed Schwarzman 

Hamilton "Tony" James is handing over day-to-day management of Blackstone Group LP to Jonathan Gray, solidifying Mr. Gray's role as heir-apparent to Chief Executive Stephen A. Schwarzman.

América Móvil Registers Fourth-Quarter Net Loss 

Mexican telecommunications heavyweight América Móvil SAB registered a second straight net loss in the fourth quarter on an increase in financial costs and foreign exchange-related declines in revenue.

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.

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


(END) Dow Jones Newswires

February 13, 2018 19:15 ET (00:15 GMT)

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

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