News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Uber Selects Expedia's Khosrowshahi as New CEO

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Uber's board voted to approve the Expedia CEO on Sunday.

Grocers' Problem: Amazon Doesn't Need to Make Money on Food

Amazon.com will bring lower prices to its new Whole Foods division Monday. It also will bring a new rule book, further pressuring an already struggling supermarket sector.

'Hitman's Bodyguard' Leads Dismal Box Office

Hollywood effectively took the weekend off, resulting in one of the most dismal box-office results in 16 years. This August is down a whopping 35% from last year, according to comScore.

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Perfumania Seeks Bankruptcy Protection

Mall-based retailer chain Perfumania Holdings has sought chapter 11 protection with plans to reorganize around its better-performing stores.

Immelt Drops Out of Contention for Uber CEO Job

GE Chairman Jeff Immelt said he won't pursue the top job at Uber, a decision that follows weeks of discord over the future of the ride-hailing firm.

Refineries Shut Down as Harvey Dumps More Rain

Several Houston-area refineries were shut down Sunday, taking roughly 12% of U.S. fuel-making capacity out of commission, as Harvey continued to drench the city.

Nintendo's Switch Hit: Game Console Is in Short Supply Ahead of Holidays

Demand is outpacing production of Nintendo's $300 Switch hand-held hybrid videogame console, leading to blockbuster queues and lotteries in Japan and frustrated fans in the U.S.

Why Amazon Isn't Ready for Prime Time in China

The American e-commerce giant hasn't been able to increase its tiny share of the market as Chinese competitors offer many of the same perks without requiring a membership.

Campbell Soup Contends With a Choosier Consumer

Campbell Soup Co. is striving to remain a pantry mainstay even as what, where and how consumers eat undergoes a transformation. The company is also facing investor pressure to reverse a yearslong revenue decline and lift its share price, which has fallen 15% this year.

Chicago Exchange Sale Looks Shaky as China Tensions Rise

A Chinese-led group's proposed $20 million acquisition of the Chicago Stock Exchange has raised concerns in the U.S. about the potential for market hacking and threats to Americans' financial data.

(END) Dow Jones Newswires

August 27, 2017 21:15 ET (01:15 GMT)