News Highlights: Top Company News of the Day

Date : 17/05/2018 @ 01:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

Macy's Shows Signs of Life After Prolonged Slump 

After closing dozens of unprofitable stores, Macy's reported higher sales at those locations still open amid the first signs that the department store giant is pulling out of a prolonged slump.

Canada Ready to Compensate Kinder Morgan for Pipeline Losses 

Canada said the government is prepared to compensate Kinder Morgan for losses it sustains on its proposed Trans Mountain pipeline expansion fueled by "politically-motivated" delays.

Disney Weighs Pixar Co-Founder's Return After Concerns on Behavior 

Executives at Walt Disney have discussed bringing animation guru John Lasseter back to the company in a new role that would reduce his managerial power but allow him to retain creative influence.

Games and Mobile Payments Power Tencent Earnings 

Tencent blew past expectations, reporting a 61% increase in net profit in the first three months of the year on the strength of mobile games and other digital content, and its fast-growing mobile payments business.

Zoetis to Buy Abaxis for $2 Billion 

Animal-health company Zoetis has agreed to buy Abaxis, a maker of veterinary-diagnostics equipment, in a deal valued at about $2 billion.

Sports-Betting Companies Race to Expand After Supreme Court Decision 

With potentially billions of dollars in new revenue at stake, companies such as Churchill Downs, FanDuel and Paddy Power Betfair are racing to expand their sports betting operations after the Supreme Court's struck down limits.

Novartis Top Lawyer Departs Over Cohen Payments 

A top executive at Swiss drugmaker Novartis is stepping down as the global fallout widens from the recent disclosure of payments to a company owned by U.S. President Donald Trump's longtime lawyer.

Oil Companies Look to Profit at the Pump 

Major oil companies are doubling down on gas stations, refineries and processing plants, betting on a once-unloved part of the energy business to shore up profits and expand their customer bases.

GM's Next Battle With Ford: Really Big Pickups 

The business of big work trucks is bigger than ever, opening up a new front in the market-share battle between GM and Ford, which dominate the production of these multitasking pickups.

Amazon Prime's Latest Perk: Discounts at Whole Foods is offering new discounts for Prime members shopping at its Whole Foods grocery stores, adding another perk to its membership program after a 20% price hike.


(END) Dow Jones Newswires

May 16, 2018 11:15 ET (15:15 GMT)

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