News Highlights: Top Company News of the Day
Amazon's IMDb Launches Free Streaming-Video Service
Amazon.com Inc. launched its first advertising-supported streaming-video channel, the e-commerce giant's latest effort to grab a larger share of the ad market.
Why Only Some Retailers Got Their Holiday Wishes
Macy's plunged on weak holiday sales, highlighting the divide between retailers that invested in stores and online sales.
Fiat Warns of $800 Million in Costs Related to Emissions Settlement
Fiat Chrysler will spend up to $800 million to settle allegations that it used "defeat devices" to pass emissions tests.
Wife of Jailed Ex-Nissan CEO Carlos Ghosn Asks About His Health
The wife of Carlos Ghosn is pressing Japanese authorities to provide information about his state of health following media reports the automotive executive developed a fever in jail.
American Airlines' Profit Warning Sends Carrier Shares Lower
American Airlines trimmed its profit guidance for 2018, raising concerns that U.S. carriers are falling short of revenue expectations and sending down shares across the sector.
BlackRock Cutting Roughly 500 Jobs
BlackRock is cutting about 500 jobs as the world's largest money manager looks to simplify parts of its business and focus more on areas such as technology, retirement and alternative investments.
Amazon.com Launches Streaming Video Channel
Amazon.com has launched an advertisement-supported streaming video channel through its movie and TV database brand IMDb.
Barnes & Noble Could Cut Earnings Outlook by Up to 10%
Barnes & Noble cautioned investors that it could reduce its earnings guidance by up to 10%, citing higher spending on advertising and promotions.
Lampert's Revised Bid for Sears Tops $5 Billion
Edward Lampert's new bid for Sears Holdings topped $5 billion, $600 million more than his previous offer to rescue the troubled retailer out of bankruptcy court, where it faces potential liquidation.
Ford to Slash Jobs, Shut Plants in Major European Revamp
Ford is launching an overhaul of its European business that is expected to include thousands of job cuts, plant closures and the scrapping of low-profit models amid a storm of bad news for global car makers.