News Highlights: Top Company News of the Day
22 February 2018 - 3:15PM
Dow Jones News
YouTube Says It Mistakenly Promoted a Conspiratorial Video on Florida Shooting
Google's video site and other social media struggle to suppress
misleading and false content on their platforms.
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.
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.
Citi Deal Maker Leaving Bank
Peter Tague, Citigroup Inc.'s co-head of mergers and one of the
most senior deal makers on Wall Street, is leaving the firm,
according to people familiar with the matter.
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.
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.
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.
Contractor Winds Down Work on Puerto Rico Grid as Restoration Continues
Fluor Corp.'s work rebuilding Puerto Rico's hurricane-damaged
power grid is winding down. Some 15 of the island still doesn't
have power.
GE Won't Sell Baker Hughes Stake Yet, Lowers 2018 Profit View
GE lowered its 2018 profit outlook and said it has no intention
of selling down its majority stake in oil services firm Baker
Hughes before 2019, a shift from its previous exploration of
exiting the business.
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.
(END) Dow Jones Newswires
February 21, 2018 23:00 ET (04:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.