Manulife Exploring IPO or Spinoff for John Hancock Unit
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Canadian insurer Manulife Financial is exploring a possible IPO or spinoff of its John Hancock Financial Services unit, as life insurers continue to struggle with low interest rates and other challenges to the business.
Target Sees Same-Store Sales Growth
Target said rising store traffic helped turn comparable-store sales growth positive for the first time in a year, giving the retailer an early win in its bid to improve stores and lure shoppers.
David Einhorn's Hedge Fund Clients Pull More Than $400 Million
David Einhorn's Greenlight Capital hedge fund experienced more than $400 million in clients withdrawals at midyear, a period that included a rejection of his call for a GM split and an unrealized tech-stock-decline prediction.
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Delta Misses Profit Target
Delta Air Lines reported a decline in earnings but said a key revenue metric-which measures how much the carrier takes in for each passenger flown a mile-rose for the first time since 2014.
Tiffany Taps Alessandro Bogliolo to Be Its New CEO
Tiffany has named Alessandro Bogliolo its new chief executive, as the company struggles to mend a prolonged sales slump and entice younger shoppers.
Mattel Seeks to Replace CFO After 17 Years
Mattel is looking to replace its long-serving finance chief as new CEO Margo Georgiadis begins to reshape the toy maker's senior management team, according to people familiar with the matter.
CBS, BBC Form Partnership to Bolster Global News Reporting
CBS News and BBC News have entered into a partnership to share video, articles and other newsgathering resources to enhance their reporting capabilities around the world.
As Aramco Listing Looms, U.K. Regulator Mulls Rule Change
The U.K. securities regulator is considering a plan that would make it easier for state-owned companies to list on Britain's London Stock Exchange, a move that could give the LSE an edge in its continuing battle with the New York Stock Exchange to woo the listing of oil giant Saudi Arabian Oil Co.
HNA, a Once-Aggressive Deal Maker, Slams on the Brakes
One of China's most prolific overseas acquirers, the airlines-to-hotels conglomerate HNA Group, is drastically slowing its deal making, suggesting a government crackdown on debt may be crimping its global ambitions.
Mystery at AstraZeneca: Is CEO Pascal Soriot Staying or Going?
Shares in the U.K. drug giant fell sharply after a news outlet reported he was moving to lead Teva Pharmaceuticals, an Israeli generics drugmaker that has been looking for a new chief for months.
(END) Dow Jones Newswires
July 13, 2017 13:15 ET (17:15 GMT)