News Highlights: Top Company News of the Day
22 February 2017 - 3:30AM
Dow Jones News
Verizon and Yahoo Agree to New Terms Following Breaches
Verizon revised terms to buy Yahoo's internet business, shaving
$350 million off the $4.83 billion price and setting a plan to
share future costs arising from past data breaches. A look at why
Verizon felt compelled to proceed.
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.
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.
Macy's Profit Tops Views Despite Stumbling Sales
Macy's Inc. said revenue fell more than expected in the final
quarter of the year as the retailer posted its eighth straight
quarterly decline in same-store sales.
American Airlines Rolls Out First of its 'Basic Economy' Cheaper Tickets
American Airlines Group Inc., following a commitment it made in
January following months of planning, said it has made available
for sale cheaper economy-class fare options that come with
passenger restrictions on 10 domestic routes.
Home Depot Bumps Dividend Up 29%, Announces $15 Billion Buyback
Home Depot posted sales growth in its fourth quarter and boosted
its dividend and buyback program, as the housing market continues
to grow.
Medtronic Earnings Fall, Sales Rise
Medtronic PLC said its earnings fell in the most recent quarter
amid shrinking margins and a tough foreign currency
environment.
Tiffany to Add Board Members in Deal with Jana
Tiffany & Co. and activist investors reached a deal to add
board members and oversee the jewelry company's search for a new
chief executive.
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.
(END) Dow Jones Newswires
February 21, 2017 11:15 ET (16:15 GMT)
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