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News Highlights : Top Company News of the Day

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05/18/2018 | 03:16pm CEST
Campbell CEO Is Out as Company Plans Strategic Review 
 

Campbell Soup Chief Executive Denise Morrison is leaving the company, the food maker said, as it also announced a quarterly loss and that it will begin a strategic review of its portfolio.

 
Baidu's President Stepping Down for 'Family Reasons' 
 

Chinese search engine giant Baidu is facing more turmoil in its top ranks, with President Qi Lu planning to step down from his operational roles after about 18 months on the job.

 
Deere Raises Guidance, But Notes Increase in Costs 
 

Deere reported stronger-than-expected sales in its second quarter and raised expectations for the year, but warned that it is continues to face higher freight and material costs.

 
Media Companies Line Up to Gamble on Sports Betting 
 

Media companies think they may have hit the jackpot with the Supreme Court's ruling on sports betting, which is expected to increase TV viewership and boost ad spending.

 
Look Inside This Chinese Smartphone and See It's Made in America 
 

A look inside ZTE's Axon 3 smartphone reveals how much the telecom giant depends on U.S. technology: 60% of the electronic components come from U.S. companies including Qualcomm, SanDisk and SkyWorks.

 
Bratz Bigwig in Failed Play to Run Rival Mattel 
 

Isaac Larian, the toy mogul behind Bratz dolls, has been at odds with Mattel for more than a decade. Now, he wants to be put in charge of his struggling rival.

 
PayPal's iZettle Deal Sets Up a Showdown With Square 
 

PayPal agreed to buy European fintech startup iZettle for about $2.2 billion, a move that sets up a showdown with Jack Dorsey's Square.

 
Lewd Hat Prompts New Sexism Probe at Bank for U.K. Royals 
 

A bank that counts Queen Elizabeth II as a customer has been conducting an investigation into sexist behavior after an employee was photographed wearing a hat featuring a penis-shaped protrusion on a company-sponsored trip to Rwanda.

 
Vivendi Revenues Rise, Mulls Future of UMG 
 

Vivendi posted a 16% rise in its first-quarter revenue and said it's studying the shareholding structure of Universal Music Group subsidiary.

 
AstraZeneca Profit Slides 
 

AstraZeneca said that first-quarter operating profit fell sharply, missing forecasts, as Crestor sales declined in Europe and Japan.

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