News Highlights: Top Company News of the Day
Today 5:00 AM ET (Dow Jones)Print
McAfee Considers Making Bid for Rival NortonLifeLock
NortonLifeLock, the $16 billion consumer-software company, has attracted deal interest from a handful of companies including rival McAfee, people familiar with the matter said.
Deutsche Bank Cites Progress in Turnaround
The German lender said it is making progress cutting costs and stabilizing businesses weakened from revenue declines in its effort to convince investors that an ambitious five-month-old reorganization is on track.
Pershing Square Reports Stake in Agilent Technologies
Bill Ackman's hedge fund on Monday disclosed a 2.9 million-share stake in the laboratory instrument and software company.
As Investors Quit Tobacco, Cigarette Stocks Rebrand
Tobacco-free investing is an old story, dating back to at least the 1980s. But the volume of cash actively avoiding the industry is becoming harder for cigarette bosses to ignore.
Just Eat Rejects Raised Prosus Bid
Just Eat said it has rejected the latest Prosus takeover bid and continues to recommend shareholders accept the rival offer from Takeaway.com.
Nike Workers Protest Company's Treatment of Women
Nike employees staged a protest over the company's treatment of women the same day the sportswear giant reopened a headquarters building named after the disgraced running coach Alberto Salazar.
SoftBank Is Selling Wag Stake Back to Company
SoftBank's Vision Fund has agreed to sell its nearly 50% stake in Wag Labs back to the struggling dog-walking startup, marking another disappointment for the Japanese investing giant.
Comcast Expects to Spend $2 Billion Over Two Years on Streaming Service
Comcast is planning to spend $2 billion over the next two years on content and marketing for Peacock, its new streaming service set to debut in April, the company's finance chief said.
Amazon Claims 'Improper Pressure' From Trump on Pentagon Contract
Amazon.com said President Trump exerted "improper pressure" on the Pentagon to keep a lucrative cloud-computing deal from going to his perceived enemy, company founder Jeffrey Bezos.
