News Highlights: Top Company News of the Day
January 23 2017 - 10:30AM
Dow Jones News
Halliburton Posts a Loss but Points to Positive North American Energy Market
Halliburton Co. posted a loss and said revenue fell in its
fourth quarter, though the oil-field-services company said the
market in North America was on the upswing.
AMC to Buy Nordic Cinema
Theater operator AMC Entertainment has reached a deal to buy
Stockholm-based Nordic Cinema for $929 million, the latest move by
AMC to broaden its reach in the U.S. and Europe.
McDonald's Same-Store Sales Soft in U.S., but Still Strong Globally
McDonald's posted better-than-expected global same-store sales
in the latest quarter, but its results in the U.S. declined as
enthusiasm for its all-day breakfast options leveled off.
Sprint to Buy 33% of Jay Z's Tidal Music Service
Sprint Corp. will buy one-third of Tidal, the streaming-music
service run by rap mogul Jay Z, the latest content deal secured by
a network provider.
Yahoo Earnings: What to Watch
Yahoo Inc. is scheduled to announce its fourth-quarter earnings
after the market closes Monday. Investors are waiting to see how
the latest hacking disclosure will affect Yahoo's user trends.
Trump's Attacks on Outsourcing Put Companies on Guard
Leaders of companies with production and IT operations in
countries like India, China and the Philippines worry they will
come under scrutiny from Donald Trump, and some are exploring
alternatives.
Foxconn Considers $7 Billion Investment to Build U.S. Factory
Foxconn founder Terry Gou says the Taiwan company is looking for
incentives to build a flat-panel screen factory in the U.S.
Takata Shares Fall Sharply as Specter of Bankruptcy Looms
Investors rush to sell Takata shares ahead of a possible
bankruptcy filing in the face of a potential multibillion-dollar
bill over faulty air bags.
Lowe's Appoints Jocelyn Wong as New CMO
Lowe's has appointed Jocelyn Wong as chief marketing officer as
it undergoes larger organizational changes. Ms. Wong succeeds Marci
Grebstein.
Hugo Barra Leaves Xiaomi
Xiaomi Corp. Vice President Hugo Barra said he will leave the
company in February and return to Silicon Valley, after signing on
in 2013 to build the smartphone maker into an international
force.
(END) Dow Jones Newswires
January 23, 2017 11:15 ET (16:15 GMT)
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