HP Enterprise Posts Steep Revenue Drop, Lowers Outlook 
 

Hewlett Packard Enterprise suffered its steepest drop in quarterly revenue since it split from the PC and printer business, and lowered its outlook for the year, suggesting further weakness in corporate tech spending.

 
Nordstrom Sales Rise on Discount Stores Strength 
 

Nordstrom Inc. posted higher earnings and revenue in the latest quarter, helped by sales at the department store operator's off-price retailers.

 
Gap CEO: We Are Not Dead, Dying or Sick 
 

Gap Inc.'s sales rose during the critical holiday period and the apparel chain said they could increase this year, bucking a slump that has plagued many mall-based retailers.

 
Renault-Nissan's Carlos Ghosn Shifts Focus to French Government 
 

It took Carlos Ghosn nearly two decades to turn over the helm of Nissan Motor Co. to a successor. At 62 years old, he has far less time to check off a task he has yet to complete: put the French government in its place.

 
Coca-Cola Needs to Be More Than Just Coke, its Next Chief Says 
 

James Quincey, Coke's current chief operating officer who will take the reins in May, said the company must speed up the development of products beyond soda.

 
Disney Lays Off About 80 From Maker Studios 
 

Walt Disney Co. is laying off about 80 people as it radically shrinks the number of YouTube creators supported by its Maker Studios unit.

 
Time Warner to Sell TV Station Amid AT&T Merger 
 

Time Warner Inc. agreed to sell its Atlanta television station to Meredith Corp. for $70 million, removing a significant factor that could have prompted the Federal Communications Commission to review Time Warner's $85 billion sale to AT&T Inc.

 
Capital One Discloses Probe Into Anti-Money Laundering Program 
 

Capital One Financial disclosed Thursday that it is under investigation by the New York District Attorney's Office, the Justice Department and the Financial Crimes Enforcement Network over "certain former check casher clients" of its commercial banking business and over its anti-money laundering program.

 
Merrill Lynch Cuts Maximum Advisory Fee for Smaller Clients 
 

Merrill Lynch is cutting account fees by about 20% for some customers who pay for advice, as the brokerage industry continues to put more emphasis on charging investors level fees versus commissions.

 
Vivendi's Full-Year Revenue Beat Estimates 
 

Vivendi's full-year earnings topped analysts' estimates as its Universal Music Group unit was lifted by a jump in online streaming and subscriptions.

(END) Dow Jones Newswires

February 23, 2017 19:00 ET (00:00 GMT)