News Highlights: Top Company News of the Day
January 18 2017 - 4:30AM
Dow Jones News
Pearson Shares Dive 26% on Profit Warning
Shares in Pearson plunged more than 26% after the world's
largest education company issued a profit warning for 2018 and said
it plans to sell its stake in its Penguin Random House publishing
joint venture.
Bayer Joins Jobs Parade
Bayer has pledged to add U.S. jobs and investment after meeting
with President-elect Donald Trump, the latest in a string of public
displays from companies looking to head off criticism from the
incoming administration about job losses.
Toshiba Considers Spinning Off Core Semiconductor Business
Toshiba is weighing a spinoff of its profitable chip unit, which
could help it raise cash in response to a multibillion-dollar
write-down at its nuclear business.
Nintendo Uses Japan Display as Sole Screen-Panel Supplier for Switch
Japan Display is the exclusive supplier of touch-screen panels
for Nintendo's new Switch videogame console.
Second Theranos Lab Failed U.S. Inspection
Theranos failed a second major U.S. regulatory inspection of its
laboratory facilities, people familiar with the situation said, a
setback the Silicon Valley blood-testing firm hasn't disclosed to
investors or patients.
Bain Capital-Led Consortium to Buy Daymon Worldwide in $413 Million Deal
Bain Capital has teamed up with a Chinese investor to acquire
global retail-services firm Daymon Worldwide for $413 million
including debt, tapping the strong growth in Asia's retail
market.
5 Things to Watch in Goldman Sachs's Results
Goldman Sachs Group Inc. is scheduled to report results for the
fourth quarter and year on Wednesday before markets open. The New
York investment bank is expected to report higher earnings and
revenue for the quarter.
Baidu's New President to Take Over Day-to-Day Management
Baidu Chairman Robin Li will turn over day-to-day management of
the company to a former Microsoft executive hired as group
president so that he can focus on strategy and investments.
HPE to Acquire SimpliVity for $650 Million in Cash
Hewlett Packard Enterprise Co. said it would acquire
data-storage startup SimpliVity Corp. for $650 million in cash, a
steep discount to the startup's most recent $1 billion
valuation.
Former Sara Lee CEO Brenda Barnes Dies at 63
One of the highest-ranking women in corporate America, she
became a symbol of the choices women face juggling work and family
life.
(END) Dow Jones Newswires
January 18, 2017 05:15 ET (10:15 GMT)
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