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News Highlights : Top Company News of the Day

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02/17/2017 | 07:16pm CET
Kraft Makes $143 Billion Takeover Bid for Unilever 

Kraft Heinz has made a $143 billion approach to take over U.K. consumer-products giant Unilever, a move that would bring together some of the best-known household brands in the world.

Fannie Mae to Send $5.5 Billion To Treasury 

Fannie Mae said it would send a $5.5 billion dividend payment to the U.S. Treasury in March as its quarterly profit rose thanks to accounting benefits and rising interest rates.

GM-Peugeot Deal Talks See Europe Move to Protect Jobs 

European politicians and union leaders moved to protect jobs, after the announcement that General Motors was in advanced talks to sell its Opel and Vauxhall units to Peugeot.

DineEquity CEO to Resign 

IHOP and Applebee's operator DineEquity said Friday that Chief Executive Julia Stewart will resign effective March 1.

Campbell Reports Lower than Expected Sales 

Campbell Soup Co. reported lower than expected sales in the most recent quarter as its fresh food business continued to weigh on results.

Energy Future Wins Chapter 11 Plan Confirmation 

NextEra Energy's planned acquisition of one of the country's largest electricity transmissions businesses, Oncor, moved to the next phase Friday, when a judge said he would confirm the bankruptcy-exit plan of Oncor owner Energy Future Holdings.

Moody's Swings to Loss on DOJ Settlement Charge 

Moody's Corp. swung to a loss in the final quarter of the year as it booked a hefty charge related to its settlement with the Justice Department.

J.M. Smucker Revenue, Profit Falls 

J.M. Smucker Co. said revenue fell more than expected in its third quarter as shifting consumer tastes continue to weigh on the food maker's results.

General Mills Lowers Sales, Profit Forecast 

General Mills cut its already-downbeat sales and earnings forecast for its current year on weaker-than-expected sales U.S. yogurt and soup.

Deere Gives Upbeat Outlook 

Deere & Co. raised its sales growth forecast for this year as the world's largest farm equipment manufacturer reported stabilizing demand after years of tumbling sales.

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