News Highlights: Top Company News of the Day
22 February 2018 - 11:15AM
Dow Jones News
Ford North America President Leaves Following Misconduct Allegations
Raj Nair, a top Ford executive, has been fired following
misconduct allegations, the latest high-ranking leader to be shown
the door amid broader scrutiny of workplace behavior in corporate
America.
Toys "R" Us Plans to Close Another 200 Stores
Toys "R" Us Inc. plans to close another 200 stores and lay off a
significant portion of its corporate staff following a
disappointing holiday sales season, according to people familiar
with the matter.
Broadcom Cuts Offer for Qualcomm Over New NXP Deal Price
Broadcom knocked more than $4 billion off its bid to acquire
Qualcomm, firing back a day after Qualcomm sweetened its own offer
to acquire NXP Semiconductors by billions.
How Jeffrey Immelt's 'Success Theater' Masked the Rot at GE
A culture that disdained bad news contributed to overoptimistic
forecasts and botched strategies. GE stock has almost halved since
Mr. Immelt resigned as CEO and the company is considering whether
to break itself up.
Priceline Group Rebrands to Booking Holdings
Priceline Group has changed its name to Bookings Holdings, a
move the company says better represents the diversity of its
businesses.
Hawaiian Dumps Airbus Order for Boeing Jets
Hawaiian Airlines is expected to cancel an order for Airbus SE
long-haul jets in favor of buying its first new Boeing Co. 787-9
Dreamliners, according to people familiar with the
negotiations.
Roku Shares Plunge On Weak Forecast
Shares of Roku Inc. plunged nearly 21% during extended trading
Wednesday after the maker of streaming-media devices forecast a
steeper-than-expected loss this year.
SpaceX Indicates Internet System Will Take Longer Than Anticipated
SpaceX's proposed internet-via-space project is slated to launch
two experimental satellites on Thursday, even as the company tamps
down expectations such prototypes will quickly evolve into a
functioning global system.
Merger Creates Regional Hospital Giant
Two large nonprofit hospital systems-Bon Secours Health System
Inc. of Marriottsville, Md., and Mercy Health, headquartered in
Cincinnati, have announced plans to merge, in another example of
hospitals bulking as the battle for patients grows increasingly
fierce.
Activist Investor Calls for Spinoff of Some Bloomin' Brands Restaurants
An activist investor is calling for Bloomin' Brands to spin off
some of its restaurant brands, revamp its board of directors and
adopt more aggressive cost-cutting goals, arguing the Outback
Steakhouse-operator is lagging behind its industry peers.
(END) Dow Jones Newswires
February 21, 2018 19:00 ET (00:00 GMT)
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