News Highlights: Top Company News of the Day
Kellogg CEO Bryant to Step Down
Kellogg Co. Chief Executive John Bryant will step down next week, making him the fourth head of a major food company to depart in a tumultuous year for the industry.
Chevron Names Wirth Chairman, CEO
Chevron named Michael Wirth, an engineer and longtime operator of a vast network of refining and pipeline assets, as its next chief executive.
Toshiba Signs $17.7 Billion Deal With Bain-Apple Group to Sell Chip Unit
A nearly $18 billion deal for Toshiba Corp.'s memory-chip unit could strengthen the No. 2 player in a fast-growing industry--if the deal survives regulatory and legal hurdles.
Roku Shares Surge in Trading Debut
Roku shares climbed in their trading debut, a welcome sign for the stalled technology IPO market.
Whitney Tilson to Close Kase Capital Hedge Fund
Whitney Tilson is closing his hedge fund, the latest high-profile investor to close shop amid an extended period of disappointing returns for the industry.
Toyota Motor Sets Up New Electric Car Venture with Mazda, Denso
Toyota Motor Corp. is setting up a venture with Mazda Motor Corp. and automotive supplier Denso Corp. to develop electric vehicles technology, part of a new strategic shift by the car maker into fully electrified engine-powered cars and trucks.
IKEA to Acquire Online Freelancer Marketplace TaskRabbit
IKEA agreed to acquire Silicon Valley startup TaskRabbit-the online marketplace that connects people with freelancers willing to run errands and do odd jobs-in a move that combines the trailblazer of the flat pack with one of the so-called gig economy's best-known exemplars.
GoPro Unveils New Devices as It Battles Smartphones
GoPro Inc. is betting on two new devices to differentiate itself from the fast-advancing camera technology found in smartphones, and to help it reclaim profitability.