News Highlights: Top Company News of the Day
May 26 2017 - 5:15PM
Dow Jones News
SoftBank Carries Bulk of the Risk in World's Biggest Tech Fund
SoftBank's nearly $100 billion Vision Fund is structured so that
investors such as Saudi Arabia and Apple gain a measure of
protection, while boosting SoftBank's risk-and potential
reward.
Rome Court Ruling Allows Uber to Continue Service in Italy
A Rome court issued a ruling Friday that will allow Uber
Technologies Inc. to continue providing its car-booking service in
Italy, revoking an order to suspend its service in the country
earlier this spring.
Caesars, Exiting Bankruptcy, Seeks Growth Beyond Gambling
The casino giant, close to wiping out $10 billion in debt, faces
a shifting market.
Sharp Sees Salvation in Appliances
The recovery plan for troubled Japanese electronics maker Sharp:
Become a major global appliance maker under the wing of its
Taiwanese parent, Foxconn Technology Group.
Anadarko's Colorado Operations Draw Criticism After Second Deadly Blast
A second deadly accident in Colorado involving Anadarko
Petroleum Corp. is spurring criticism of the company's oil and gas
operations in the state.
Venezuela Creditor Zeroes In on Citgo Brass
A Canadian mining company trying to collect on a $1.4 billion
judgment against Venezuela accused top executives of state-owned
Citgo Holdings Inc. of accepting promotions as a "reward" for
siphoning $2.2 billion from the U.S. refiner.
Newell Continues Reshaping Itself by Punting Its Winter Sports Business
Newell Brands reached a deal to sell its Winter Sports Business
to private-equity firm Kohlberg for about $240 million, in its
latest move to pare down its portfolio.
Trump's Fix for Post Office's Deep Losses: Cut Back Saturday Delivery
President Donald Trump's proposed budget would let the U.S.
Postal Service cut back on delivery days, a move that helps the
unprofitable agency save money while putting it at odds with
longstanding congressional demands.
Amazon's Brush With $1,000 Signals the Death of the Stock Split
Stock splits, once considered a way to keep shares affordable
for mom-and-pop investors, are rare today as companies aspire to
new heights.
'Spotify Rule' Would Help New York Stock Exchange Woo Unicorns
The New York Stock Exchange is seeking to change its listing
standards as it vies for Spotify AB and other hot startups that are
considering an unusual tactic called a direct listing.
(END) Dow Jones Newswires
May 26, 2017 17:00 ET (21:00 GMT)
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