BHP Billiton Looking to Shed U.S. Shale Operations 
 

Activist investors scored a victory after BHP Billiton said it was looking to sell its onshore U.S. oil-and-gas operations.

 
Pentagon Eliminates Lockheed Martin From $85 Billion Missile Program 
 

The Pentagon eliminated Lockheed Martin Corp. from an $85 billion competition to update the nation's land-based intercontinental ballistic nuclear missiles, one of the most fiercely contested defense contracts this decade.

 
Deerfield Resolves Insider Trading Probe With SEC 
 

Large New York hedge fund Deerfield Management has agreed to a multimillion-dollar fine to settle what is shaping up to be a major crackdown by the U.S. government on Washington's political intelligence industry.

 
Ross Levinsohn Named CEO, Publisher of Los Angeles Times 
 

Tronc is undergoing a broad management shake up at its flagship newspaper, the Los Angeles Times, bringing in internet and media industry veteran Ross Levinsohn as its new chief executive and publisher.

 
Macy's Hires eBay Executive Amid Management Shakeup 
 

Macy's poached a senior eBay executive and streamlined its top management in an effort to speed up decision-making at the struggling department-store chain.

 
Texas Regulators Are First Test for Sempra's Oncor Deal 
 

Texas regulators who have proven to be harsh critics of suitors for Oncor, the largest power-transmission utility in the state, will be the first test for Sempra Energy's $9.45 billion takeover offer.

 
Simon Property Reaches Settlement in Antitrust Investigation by New York 
 

New York State Attorney General Eric Schneiderman and retail property giant Simon Property Group reached a settlement in an antitrust case that requires Simon to end practices that the attorney general alleged protected Simon's popular Woodbury Common Premium Outlets from competition.

 
Businesses Keep on Truckin' Through Solar Eclipse 
 

With eclipse-watchers jamming roadways from Oregon to South Carolina on Monday, transportation companies rerouted drivers and shifted deliveries for cargo ranging from furniture to construction equipment.

 
Cisco to Buy Springpath for $320 Million 
 

Cisco Systems said Monday it plans to buy Springpath Inc., an early partner in the so-called hyperconverged-systems market, as part of a shift to selling software and services to help turn around the struggling company.

 
Johnson & Johnson Hit With $417 Million Verdict in Baby Powder Case 
 

A jury awarded a woman with ovarian cancer $417 million Monday in a case against Johnson & Johnson, the latest hit to the pharmaceutical company in widespread litigation over the alleged harms of its baby powder.

(END) Dow Jones Newswires

August 21, 2017 21:15 ET (01:15 GMT)