News Highlights: Top Company News of the Day

Features Dow Jones Newswires

SandRidge Adopts 'Poison Pill' After Carl Icahn Increases Stake

Continue Reading Below

SandRidge's board adopted a so-called poison pill that would make it more difficult for activist investor Carl Icahn to increase his stake as he criticizes SandRidge's plan to buy Bonanza Creek.

Teva's New CEO Starts Turnaround Plan at Struggling Drugmaker

Teva Pharmaceutical Industries Ltd.'s new chief executive is shuffling the company's leadership ranks and combining its generic and specialty businesses as he embarks on a turnaround plan at the struggling drugmaker.

Wal-Mart, Kroger Get Tough on Food Suppliers

Ship deliveries on time or pay a fine, big grocers are telling suppliers, as, under pressure from Amazon and others, they look to shave the millions of dollars a year they say delays are costing them.

Continue Reading Below

Julius Baer CEO Quits to Join Rival

The chief executive of Julius Baer has resigned to join one of its biggest rivals in an unexpected shake-up of the Swiss banking industry's highest ranks.

Uber Hack Clouds Valuation as SoftBank Readies Bid

SoftBank Group is expected to proceed with an offer to buy billions of dollars worth of shares from Uber Technologies' stakeholders, but the security breach involving 57 million Uber accounts could change the investor's evaluation of the ride-hailing company's shares.

Meredith Agrees to Buy Time Inc.

Meredith has agreed to pay $18.50 a share in cash for Time Inc., valuing the fabled New York publisher at $1.85 billion.

Senate Tax Bill Targets Some Foreign Airlines

Some overseas airlines would pay U.S. corporate taxes on part of their profits under a proposal in the Senate tax bill that threatens to upend long-held protocols governing aviation.

Samsung's Tumble Sounds a Warning for Tech Stocks

The 5% fall in the Korean tech giant's shares followed a mild analyst report on its outlook-a sign of the market's current high state of nervousness.

Inside the Wal-Mart vs. Amazon Battle Over Black Friday

Wal-Mart and Amazon battled to capture spending over the holiday weekend, as the shifts that have upended the retail industry this year were on display: fewer people visited traditional stores on Thanksgiving and Black Friday while online purchases continued to surge.

Statoil Buys Total's Stakes in Norwegian Assets

Statoil has agreed to buy stakes in two oil assets from Total for $1.45 billion, expanding its presence on the Norwegian Continental Shelf.

(END) Dow Jones Newswires

November 27, 2017 11:15 ET (16:15 GMT)