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.

Icahn to Launch New Board Fight With Xerox

Activist investor Carl Icahn plans to launch a new board fight with Xerox in an attempt to change management of the company, his second offensive against the copy-machine maker in a roughly two-year span.

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.

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Samsung Heavy Replaces CEO After Warning of Heavy Losses

Samsung Heavy Industries Co., the world's third-biggest shipyard by capacity, replaced its chief executive on Monday after having warned last week of heavy losses that wiped away nearly a third of its market value.

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.

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.

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

Mario Batali stepped down from the day-to-day operations of his restaurant-management company, saying some of his behavior 'was wrong and there are no excuses.'

(END) Dow Jones Newswires

December 11, 2017 17:15 ET (22:15 GMT)