News Highlights: Top Company News of the Day

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WPP Shares Plunge on Lower Revenue Growth Forecast

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WPP shares fell more than 12% after the world's largest advertising company reported a steeper-than-expected slowdown in ad buying by consumer-goods companies, especially in North America.

Wal-Mart and Google Partner to Challenge Amazon

Google and Wal-Mart Stores are joining forces in a partnership that includes enabling voice-ordered purchases from the retail giant on Google's virtual assistant, challenging rival Amazon.com's grip on the next wave of e-commerce.

Saudi Aramco IPO Sparks Rush to Privatize in Middle East

Saudi Arabia's move to list its state-run oil giant, combined with years of lower oil prices, has inspired neighboring oil-producing countries to tap public markets as a new source of revenue.

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HP Earnings: What to Watch

HP has increased PC prices globally. It isn't clear if those price increases will impact demand and profit margin in the fiscal third quarter.

LG Electronics to Build Factory for Electric Car Parts in Michigan

The South Korean company will spend about $25 million to build a factory for electric car parts in a Detroit suburb.

Uber Board Still Considering HPE's Whitman as CEO Contender

Uber Technologies' board is again considering Hewlett Packard Enterprise Chief Executive Meg Whitman as a possible candidate for the ride-hailing giant's CEO job despite her public statement pulling out of contention, people familiar with the matter said.

Mutual Funds Mark Down Uber Investments by Up to 15%

Four mutual-fund companies have marked down their investments in Uber by as much as 15%, the first such price cuts that suggest these investors are souring on the ride-hailing giant following a scandal-ridden year.

BHP Taps Experienced Executives to Fill Out Changes in Board

BHP Billiton plans to replace two directors who have opted to leave the resources giant with experienced executives, another win for disgruntled investors.

GoDaddy COO Scott Wagner Returning to Chief Executive Post

GoDaddy Inc. said Tuesday that Chief Operating Officer Scott Wagner will assume the company's top post after Chief Executive Blake Irving retires at year's end.

TurboTax Parent Intuit Names New Finance Chief

Intuit, the maker of TurboTax and QuickBooks, said Chief Financial Officer R. Neil Williams will step down from his post next year after spending nearly 10 years with the company.

(END) Dow Jones Newswires

August 23, 2017 07:15 ET (11:15 GMT)