News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Higher Prices Boost PepsiCo Results

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PepsiCo said its second-quarter sales and earnings rose as the beverage and snack maker continued to offset weak demand in North America with higher prices.

Time Inc. Explores Renaming the Company, Seeking a Refresh

Time Inc. is considering a major rebranding that could include a corporate name change, as the publisher tries to position itself as a modern media company with growing digital and video ventures.

Tesla Readies for Model 3 by Adding Repair Vans

As Tesla begins a launch of its first mass-market car, the company said it plans to triple its capacity to repair vehicles, adding 1,400 technicians, dozens of new service centers and hundreds of maintenance vans.

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Snap Shares Tumble Further Below IPO Price

Snap's rough week continued Tuesday, as a bank that led its initial public offering slashed its price target for the Snapchat parent's stock.

Consol Energy Files to Spin Off Coal-Mining Business

Consol Energy, one of the world's oldest coal miners, said its board has approved plans to spin off its coal business, cementing its identity as a natural-gas exploration and production company.

Rent-A-Center Rejects Takeover Proposal; Stock Jumps

Rent-A-Center Inc. said it rejected an unsolicited takeover offer of $15 a share from activist investor Vintage Capital Management, calling it an "inadequate and opportunistic proposal."

Takata Recalls More Rupture-Prone Air Bags

Takata recalled an additional 2.7 million air bags in the U.S. that are at risk of rupturing, adding to a mushrooming safety crisis that forced the Japanese company to seek bankruptcy protection.

Facebook to Show Ads on Messenger App

Facebook has spent years developing two of the world's most popular messaging apps. Now, with slowing revenue growth in its core product, it wants to cash in.

Intel Fires Back At Rivals With New Line of Server Chips

Intel on Tuesday brought to market a new generation of chips used in the servers that run data centers, firing back at competitors who lately have moved to challenge its hegemony in its most profitable market

PayPal Hires Former Executive for Lending Business

PayPal Holdings Inc. said Tuesday it has hired Mark Britto, a financial-technology entrepreneur and a former executive at Inc., to lead its lending business.

(END) Dow Jones Newswires

July 11, 2017 13:15 ET (17:15 GMT)