News Highlights: Top Company News of the Day

Date : 13/02/2018 @ 14:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

Under Armour Expands Restructuring Plan 

Under Armour said Tuesday that revenue in its latest quarter rose despite a decline in North America and announced it was pumping up restructuring plans in 2018 as it orchestrates a turnaround.

PepsiCo Posts Flat Sales, Plans to Trim Jobs 

PepsiCo quarterly sales were flat, hurt by falling demand in North America for its beverages, but the company said it had ramped up cost-cutting efforts to protect its bottom line.

Blue Apron Sheds Customers as Meal Kit Competition Mounts 

Blue Apron Holdings is hemorrhaging customers, as operational problems and rising competition jeopardize its rank as the U.S.'s largest meal-kit company.

U.S. Tax Provision May Sting Foreign Firms 

Executives around the world have embraced the U.S. tax overhaul's big reduction in the headline corporate-tax rate, but the base-erosion and anti-abuse tax-or BEAT-could hurt some companies based overseas.

NXP Deal Is Likely Qualcomm's Best Defense Against Broadcom 

In Qualcomm's quest to avoid being swallowed by Broadcom, its best bet to remain independent may be completing its own giant acquisition. But it is running out of time.

Amazon's Latest Ambition: To Be a Major Hospital Supplier 

Amazon is pushing to turn its nascent medical-supplies business into a major supplier to U.S. hospitals and outpatient clinics that could compete with incumbent distributors of items from gauze to hip implants.

Walgreens Makes Takeover Approach to AmerisourceBergen 

Walgreens Boots Alliance has made a takeover approach to drug distributor AmerisourceBergen, a move that could help boost profitability at the drugstore giant and insulate it against threats in an increasingly competitive health-care landscape.

Wynn Resorts Board Hires New Law Firm to Run Investigation of Ex-CEO Steve Wynn 

Days after canceling an outside law firm's investigation into alleged sexual misconduct involving former Chairman and Chief Executive Steve Wynn, a special committee of the Wynn Resorts Ltd. board has hired a new law firm with longstanding connections to the casino company.

Drugmakers Funded Groups Promoting Opioid Use, Senator's Report Says 

Five manufacturers of opioid painkillers gave nearly $9 million between 2012 and 2017 to patient advocacy groups and other nonprofits that have a history of promoting opioid use, according to a senator's report.

Steven A. Cohen's Investment Firm Sued for Discrimination By Female Staffer 

A female employee at the private investment firm of hedge-fund billionaire Steven A. Cohen filed a discrimination lawsuit Monday, alleging unfair pay practices and a pervasively sexist work environment.


(END) Dow Jones Newswires

February 13, 2018 09:15 ET (14:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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