News Highlights: Top Company News of the Day
21 February 2018 - 3:15AM
Dow Jones News
Walmart's Online Sales Come Under Pressure
Walmart reported strong holiday sales but said online sales
growth slowed during the quarter, marking a turn from three
quarters of booming web growth.
Guess Co-Founder to Step Away During Investigation Into Conduct
Guess? said Tuesday that co-founder Paul Marciano will
relinquish his day-to-day responsibilities with the company and
salary during a continuing investigation into recent allegations of
improper conduct.
Qualcomm Raises Bid for Chip Maker NXP to $44 Billion
Chip giant Qualcomm raised its bid for NXP Semiconductors to
about $44 billion in an effort to win shareholder support for the
acquisition.
Gap Replacing CEO of Flagship Brand
Gap said it is searching for a replacement for Gap brand
President and CEO Jeff Kirwan, who is resigning.
Supreme Court Declines to Wade Into Fight Over Fannie, Freddie Profits
The Supreme Court declined to intervene in a fight over the
government's handling of mortgage-finance giants Fannie Mae and
Freddie Mac, a setback for investors seeking gains from the firms'
return to profitability.
Oil Demand Is Going to Peak in the Next 20 Years, Says BP
Gobal demand for crude oil could peak in the next two decades,
as renewables like solar power surge faster than expected to meet a
greater share of the world's energy needs, BP said.
Albertsons Scoops Up Remainder of Rite Aid in Face of Online Threat
Albertsons plans to buy the portion of Rite Aid that isn't being
sold to Walgreens Boots Alliance as retailers of all stripes
scramble to respond to a rapidly changing consumer shopping
landscape.
HSBC Misses Profit Target as Bad Loans Weigh on Results
HSBC's full-year profit missed analysts' expectations after the
bank was hit by the high-profile collapses of two borrowers in the
U.K. and South Africa.
BHP Willing to Talk About Activist's Overhaul Plan
BHP Billiton, its net profit off 37%, signaled it may be willing
to yield to activist investor Elliott Management's latest assault
on its corporate structure, even as it lifted its dividend 38%.
Startup FourKites Raises $35 Million for Expansion, Improved Tracking
The company, which makes software that tracks cargo for shippers
and logistics companies and alerts them to potential delays, is
growing at a time when shoppers and retailers are demanding more
precise delivery information.
(END) Dow Jones Newswires
February 20, 2018 11:00 ET (16:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.