News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Apple Acquires Shazam and Its Song-Recognition App

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Apple has acquired Shazam Entertainment, giving it one of the popular song-recognition apps at a time the iPhone maker is looking to boost its music-subscription service.

3M Sells Optical Fiber Business to Corning for $900 Million

Corning agreed to buy almost all of 3M's optical fiber and copper cable business for $900 million.

Mattel Warns of Weak Holiday Quarter, Two Weeks Before Christmas

Mattel warned of another gloomy holiday season as key brands continue to struggle and toy retailers tighten the amount of inventory they are willing to buy upfront.

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Despite Mergers, Hospitals Are in Serious Condition

American hospitals have a target on their backs. The latest merger talk is an attempt to rally their strength, but industry payers' battle against high health-care costs shows no sign of letting up.

Icahn to Nominate Four to Xerox Board

Xerox said that former Icahn Capital Managing Director Jonathan Christodoro resigned from its board so that investor Carl Icahn's organization could nominate four directors at Xerox's annual meeting in 2018.

Software Firm Settles U.S. Security Probe

A telecom software company will resolve a criminal investigation of its use of uncleared Russian nationals working on a U.S. defense project by implementing a security plan that U.S. officials hope will be an industry model.

App Maker Halts Initial Coin Offering After SEC Investigation

The Securities and Exchange Commission intervened to halt a $15 million initial coin offering that would have evaded laws for how securities must be sold. The case is the first in which the SEC has taken action against an ICO without making fraud claims.

In New NFL Deal, Verizon Trades Mobile Exclusivity for Rights on Yahoo

Verizon Communications will no longer have the exclusive mobile rights to distribute the games to its wireless customers, but the $2 billion deal will expand the partnership to Verizon-owned platforms like Yahoo Sports.

Celebrity Chef Batali Accused of Sexual Misconduct

Celebrity chef and television host Mario Batali stepped down from the day-to-day operations of his restaurant-management company following sexual-misconduct allegations.

Startup Affirm Nears $2 Billion Valuation After Investment

Financial-technology startup Affirm Inc. said Monday that it raised $200 million in new equity as it battles larger players getting into its core business of lending to consumers for retail purchases.

(END) Dow Jones Newswires

December 11, 2017 15:15 ET (20:15 GMT)