News Highlights: Top Company News of the Day
Northrop Grumman Looks to Get Foothold in Military Space Race
Northrop Grumman plans to acquire Orbital ATK for around $7.8 billion in a bid to position itself for the new military battleground: space
Cisco Chairman Chambers to Step Down, Ending an Era
Cisco Systems Executive Chairman John Chambers, who oversaw the company for more than 20 years, won't stand for re-election later this year, the technology giant said.
Credit Suisse Overhauls Investment Bank's Top Brass
Credit Suisse unveiled a raft of changes to the upper ranks of its investment bank, bringing in new co-heads for Europe, the Middle East and Africa as the Swiss banking giant revamps the division amid a broader strategic overhaul.
Google Offers to Auction Off Shopping Ad Spaces to Rivals
Google has proposed allowing rivals to bid for space to display products for sale, as part of its efforts to comply with a European Union antitrust order, according to people familiar with the matter.
Brazil's JBS Shares Fall After Founder Returns as CEO Amid Scandal
Shares in JBS, the world's largest meatpacker, fell Monday after the Brazilian company picked its 84-year-old founder to replace his jailed son as chief executive, defying calls by investors for outside management.
Dollar Tree Promotes Longtime Executive to CEO
Dollar Tree's top ranks are changing as its former leader becomes its executive chairman and a longtime employee takes over as chief executive.
Teva Sells Slate of Women's Health Products
Teva Pharmaceutical Industries Ltd. will sell the remaining assets in its specialty global women's health business for $1.38 billion, the company's latest move to grapple with high debt.
Ford Forms Partnership With Mahindra & Mahindra
Ford plans to work with Indian auto maker Mahindra & Mahindra in a three-year partnership to explore potential areas of collaboration on new technologies and retail sales.