News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Mondelez CEO Rosenfeld to Step Down as Big Food Brands Struggle

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Irene Rosenfeld is stepping down after 11 years as chief executive of Mondelez International, as the snack giant faces pressure to improve profitability amid an upheaval in the packaged food business.

AT&T Wireless Executive Glenn Lurie to Retire Next Month

AT&T said veteran executive Glenn Lurie will retire next month, the latest sign of the telephone company's efforts to retool its management team to run a more entertainment-focused business.

PharMerica to Be Taken Private by KKR-Backed Company

KKR & Co. and Walgreens Boots Alliance have reached a deal to take PharMerica private in a deal valued at $1.4 billion, the companies said Wednesday.

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Apple Sales Rise on Revived iPad, Mac Sales

Apple delivered strong revenue in the June quarter, typically its weakest period, by re-energizing iPad and Mac sales and keeping purchases of iPhones steady as consumers anticipate a new phone this fall.

Standard Chartered Shares Fall as Dividends Stay Suspended

Standard Chartered, a laggard among banks restructuring since the financial crisis, said it still sees too many uncertainties to start paying dividends again.

Good News for Apple: China Still Wants Pricey Phones

Apple has been facing headwinds in China, but the new iPhone expected this fall offers a glimmer of hope, some analysts say, thanks to affluent Chinese consumers who are willing to pay premium prices for the latest technology.

Rio Tinto in Giving Mood After Strong First Half of Year

The mining company plans to return a total $3 billion to shareholders in 2017 after profit jumped and debt fell over the first half of the year.

Carlyle's Profit Jumps as Investments Appreciate

Carlyle Group LP's second-quarter profit soared as its investments appreciated, adding to private-equity firms' strong showing for the period.

Jacobs Engineering to Buy CH2M for $2.85 Billion

Jacobs Engineering unveiled a $2.85 billion cash-and-stock deal for engineering-services firm CH2M Hill, as Jacobs seeks to capture more lucrative infrastructure and government-services business.

Apollo's Profit Falls on Commodity-Price Swings

Apollo Global Management's second-quarter profit fell as commodity-price weakness slowed its investment gains.

(END) Dow Jones Newswires

August 02, 2017 11:15 ET (15:15 GMT)