News Highlights: Top Company News of the Day

 
Time Inc. Hires Banks to Help Field Takeover or Partnership Interest 
 

Time Inc. hired banks to help field takeover or partnership interest after the country's largest magazine publisher received overtures from a group of media investors including Edgar Bronfman Jr.

 
Apollo-Backed Athene Gives Quiet IPO Market a Boost 
 

Athene Holding's selling shareholders raised $1.1 billion in an initial public offering late Thursday, which would make the fixed-annuities provider the second-biggest U.S.-listed company to debut in 2016.

 
Former Insys CEO Arrested in Opioid Prescription Kickback Case 
 

Six former executives and managers at Insys Therapeutics were arrested and charged with conspiring to defraud health insurers and bribe doctors in exchange for prescribing the company's fentanyl painkiller, Subsys.

 
Amazon Says It Doesn't Plan to Open 2,000 Grocery Stores 
 

Amazon.com Inc. on Wednesday said it doesn't currently have plans to open 2,000 grocery stores.

 
BlackBerry Announces Upgrade to Mobile-Security Software 
 

BlackBerry Ltd. announced Thursday an upgrade of its mobile-security software in its latest move to win more business from its traditional government and business customer base.

 
Buyout Firm Stone Canyon in Talks to Buy Mauser Group 
 

An investment firm with ties to junk-bond pioneer Michael Milken is nearing a deal to buy industrial-packaging company Mauser Group for more than $2 billion.

 
Restoration Hardware Hit by Business-Model Changes 
 

Restoration Hardware Holdings' plan to wean customers off promotions and get them to pay for a membership program has stalled sales, prompting the luxury furnishings retailer to revert to markdowns in the holiday period.

 
McDonald's to Move Non-U.S. Tax Base to the UK 
 

McDonald's said a large portion of its non-U.S. income would be taxed in the U.K., following a restructuring that shifts operations away from Luxembourg.

 
Broadcom Gives a Rosy Outlook, Doubles Quarterly Dividend 
 

Broadcom said it swung to a loss in the latest quarter, though the chip maker gave a positive outlook for the current quarter and its board doubled its dividend.

 
Chinese Takeover of Aixtron Collapses After U.S. Ban 
 

A Chinese takeover bid for Aixtron of Germany collapsed, a week after President Barack Obama blocked the deal on national-security grounds, according to a statement from the suitor.

(END) Dow Jones Newswires

December 08, 2016 19:00 ET (00:00 GMT)

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