News Highlights: Top Company News of the Day
February 21 2018 - 4:30PM
Dow Jones News
Broadcom Cuts Offer for Qualcomm Over New NXP Deal Price
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.
Ford North America President Leaves Following Misconduct Allegations
Raj Nair, Ford's president of North America, has left the car
company following allegations of misconduct, the company said.
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.
Hawaiian Dumps Airbus Order for Boeing Jets
Hawaiian Airlines is expected to cancel an order for Airbus SE
long-haul jets in favor of buying its first new Boeing Co. 787-9
Dreamliners, according to people familiar with the
negotiations.
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.
Activist Investor Calls for Spinoff of Some 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.
R-Rated Behavior of Star Producer Causes Drama for Disney
Tom Schumacher, the executive behind Disney's new "Frozen"
musical, has been accused of explicit sexual language and behavior
in the workplace, even as he turned the entertainment company into
a powerful force on Broadway.
Dish Network Gains Sling TV Customers but Retention Is a Problem
Dish Network Corp. said its Sling TV streaming-video service has
signed up 2.2 million subscribers in the company's first disclosure
of a figure, but Chairman Charlie Ergen said customer retention is
a significant challenge.
JPMorgan Chase to Build Giant New Headquarters in Manhattan
JPMorgan Chase plans to build new headquarters at 270 Park Ave.
in New York City, the first major project under a city rezoning
plan designed to rejuvenate one of its biggest job centers.
(END) Dow Jones Newswires
February 21, 2018 17:15 ET (22:15 GMT)
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