Broadcom Lowers Offer for Qualcomm, Cites 'Value Transfer' 
 

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.

 
How Jeffrey Immelt's 'Success Theater' Masked the Rot at GE 
 

A culture that disdained bad news contributed to overoptimistic forecasts and botched strategies. GE stock has almost halved since Mr. Immelt resigned as CEO and the company is considering whether to break itself up.

 
Tops Markets Files for Chapter 11 Bankruptcy Protection 
 

Supermarket chain Tops Markets LLC filed for bankruptcy protection Wednesday, the latest regional grocery chain to look to restructure its balance sheet as consumers move to nontraditonal food retailers.

 
Priceline Group Rebrands to Booking Holdings 
 

Priceline Group has changed its name to Bookings Holdings, a move the company says better represents the diversity of its businesses.

 
Lloyds: An Undervalued Cash Cow in Banking 
 

Lloyds Banking Group has become nice little earner for investors, as the U.K. bank launched a share buyback and promises more.

 
GE Changes Course on Selling Baker Hughes Stake 
 

General Electric has no intention of selling down its majority stake in oil services firm Baker Hughes before 2019, the company's finance chief said, in a shift from its previous exploration of exiting the business.

 
Activist Investor Calls for Spinoff of Bloomin' Brands Restaurants 
 

An activist investor is calling for Bloomin' Brands to spin off some of its restaurant brands, revamp its board of directors and adopt more aggressive cost-cutting goals, arguing the Outback Steakhouse-operator is lagging behind its industry peers.

 
Dish Network Highlights Sling TV Subscribers as Pay-TV Declines 
 

Dish Network disclosed how many Sling TV subscribers it has for the first time as the company looks to assure investors it can grow in new businesses while customers continue to drop their traditional television packages.

 
SpaceX Indicates Internet System Will Take Longer Than Anticipated 
 

SpaceX's proposed internet-via-space project is slated to launch two experimental satellites on Thursday, even as the company tamps down expectations such prototypes will quickly evolve into a functioning global system.

 
When Ford Warned People to Stop Driving Some of Its Trucks, a Regulator Lost Sleep 
 

Ford's decision to instruct tens of thousands of truck owners to stop driving vehicles with potentially lethal air bags raises fresh concerns for regulators already grappling with the largest automotive safety recall in U.S. history.

(END) Dow Jones Newswires

February 21, 2018 13:00 ET (18:00 GMT)