News Highlights: Top Company News of the Day
24 April 2018 - 3:15AM
Dow Jones News
Sears CEO Calls for Breakup, Offers
Sears Holdings CEO Edward Lampert is offering to purchase the
Kenmore appliance brand and other Sears units after the struggling
company was unable to find other buyers for the assets.
EU Probes Apple's Planned Acquisition of Shazam
European Union antitrust authorities opened a full probe into
Apple's proposed acquisition of the popular song-recognition app
Shazam on concerns it could reduce choice for users of
music-streaming services.
Qualcomm's No Good, Very Bad Streak
Qualcomm stepped into the escalating spat between the U.S. and
China. Now it is grappling with the fallout.
U.S. Extends Deadline for Investors to Disentangle From Rusal
The U.S. Treasury extended the deadline for investors to exit
their dealings with sanctioned Russian aluminum giant Rusal after
America's European allies complained Washington's latest punitive
actions put their companies at risk.
AT&T's Defense Invokes Big Tech Terror
In the U.S. government's lawsuit to block the merger of AT&T
with Time Warner, the two companies say the deal needs to be
approved for them to survive an onslaught from big tech. Yet, the
imminent doom they conjure doesn't entirely hold up.
Elaine Wynn Launches Effort to Remove a Wynn Director
Wynn Resorts's largest shareholder is launching a campaign to
remove one of three board directors investigating sexual-misconduct
allegations against former Chief Executive Steve Wynn.
Newell Brands Strikes Deal to Avoid Proxy Battle
Newell Brands and Carl Icahn have struck a deal with a second
activist investor, heading off a potentially damaging proxy fight
as the maker of Elmer's Glue, Sharpie markers and Mr. Coffee
machines works to shed assets and turn around its operations.
U.S. Hospital Profits Fall as Labor Costs Grow and Patient Mix Shifts
One important measure of U.S. hospital profits last year reached
a low not seen in the past decade, as a tight labor market and
other factors pressure hospital finances.
Southwest Cancels 40 Flights for Engine Inspections
Southwest Airlines canceled a small number of fights Sunday to
perform engine checks in the wake of an accident that killed one of
its passengers.
Hasbro's Sales Take a Hit From Collapse of Toys 'R' Us
Hasbro blamed a 16% decline in first-quarter sales on the
liquidation of Toys "R" Us Inc. and sped up plans to overhaul its
sales organization for a world where more toys are sold online.
(END) Dow Jones Newswires
April 23, 2018 13:00 ET (17:00 GMT)
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