News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Intel CEO's Stock Sale 'Unusual,' Private Securities Experts Say

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Brian Krzanich sold shares and exercised stock options worth $39 million while Intel was handling concerns about security flaws in its chips, a highly unusual move that risked attracting regulatory scrutiny.

GoPro to Cut 20% of Workforce, Exit Drone Market

GoPro is cutting more than one-fifth of its workforce and exiting the drone market as part of its latest attempt to turn itself around.

Retailers Get Bump From Holidays

After a year marked by same-store sales declines and store closures across the sector, retailers are reporting strong sales during the critical holiday shopping period from November to December.

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Goldman Names Financial, Strategic Investor M&A Head

Goldman Sachs has named David Friedland as global head of a group that provides deal advisory services to private-equity firms, pension funds, family offices and other investors .

Once-Hungry Investors Pass on Meal-Kit Startups

Just a few years ago, delivering packages containing premeasured ingredients to be assembled into meals was a novel one. But now venture capitalists and other investors are losing their appetites.

Trump-Book Publisher: White House Demand 'Flagrantly Unconstitutional'

The White House's demand that Macmillan cease publication of a controversial new book about President Donald Trump and his administration is "flagrantly unconstitutional" and runs afoul of the First Amendment, said John Sargent, chief executive of the publisher.

Tenet Healthcare Increases Job Cuts

One of the nation's largest hospital companies, under pressure from activist shareholders, isn't waiting to replace its chief executive to revamp its business.

Axovant Will No Longer Develop Lead Dementia Drug

Axovant Sciences lost half of its market value Monday after it said a drug once intended to treat Alzheimer's disease didn't meet certain goals in recent studies.

Blackstone's Latest Acquisition Target: Your Insurer's Money

Blackstone Group is turning to a New York Life Insurance executive to pursue at least $100 billion in assets from insurance companies, part of a larger push by the Wall Street giant to broaden its customer base.

Driverless-Car Companies Try to Rev Their Engines on Commercial Prospects

Despite excitement about self-driving vehicles, a tough road to business success amid struggles over regulation and technology limitations.

(END) Dow Jones Newswires

January 08, 2018 13:15 ET (18:15 GMT)