News Highlights: Top Company News of the Day
22 February 2017 - 1:30PM
Dow Jones News
Saudi Aramco Picks J.P. Morgan, HSBC, Morgan Stanley as IPO Underwriters
Saudi Arabia's state-owned energy company has told J.P. Morgan,
HSBC and Morgan Stanley they will be the lead underwriters for its
planned initial public offering, set to be the largest ever,
according to people familiar with the matter.
Snap Kicks Off Pre-IPO Roadshow for Potential Investors
Hundreds of potential investors crowded a ballroom of New York's
Mandarin Oriental on Tuesday to grill Snap Inc. executives about
how they're going to turn their popular disappearing-message app
into a moneymaking machine.
Starboard Takes 6.6% Stake in Tribune Media
Hedge fund Starboard Value LP has opened a 6.6% stake in Tribune
Media Co. but has no immediate plans to push for change.
XPO Logistics Profit and Revenue Exceed Estimates
XPO Logistics Inc. reported stronger-than-expected profits and
revenue, riding a surge in online shopping that drove demand for
the company's logistics and specialized delivery businesses.
Canada's Maple Leaf Foods Buys Maker of Meatless Products
Canadian meat company Maple Leaf Foods said it was acquiring
Lightlife Foods, a company specializing in vegetarian sausages and
burgers, for $140 million.
Newmont Mining Swings to Annual Loss on Yanacocha Charges
Newmont Mining Corp. swung to an annual loss and reported a
wider quarterly loss on a large charge tied to the planned closing
of the giant Yanacocha gold mine in Peru.
Rubicon Project President Greg Raifman to Depart Company
Advertising technology company Rubicon Project announced that
its president, Greg Raifman, is leaving the company as part of a
broader shake-up to narrow the company's business focus.
First Solar Swings to Loss on Restructuring Charges
First Solar swung to a loss in the latest quarter as it booked
hefty restructuring charges and revenue nearly halved.
Carl Icahn Takes Stake in Bristol-Myers
The same day Bristol-Myers Squibb Co. shook up its board to
satisfy one activist investor, the drugmaker was faced with
another: Carl Icahn, whose interest is fueling speculation the
company could soon be put on the auction block.
Wells Fargo Fires Four Executives Following Probe of Sales Practices
Wells Fargo & Co. said Tuesday that four executives were
fired for cause related to its sales-practices scandal based on its
board's independent investigation.
(END) Dow Jones Newswires
February 21, 2017 21:15 ET (02:15 GMT)
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