News Highlights: Top Company News of the Day
May 29 2017 - 5:15PM
Dow Jones News
Goldman Bought Venezuela's State Oil Company's Bonds
Goldman Sachs bought about $2.8 billion in Venezuelan bonds that
had been held by the oil-rich country's central bank, a lifeline to
President Nicolás Maduro's embattled government.
British Airways Faces Third Day of Flight Disruption After IT Outage
British Airways said a far-reaching computer outage would
disrupt flights for a third day and pledged to avoid a repetition
of the events that led to hundreds of canceled flights over the
weekend.
S.F. Express Needs UPS Tie-Up to Deliver
S.F. Express needs a tie-up with UPS to go very well to justify
its sky-high valuation.
JBS, Brazilian Prosecutors Move Closer to Settlement Amount for Corruption Charges
The holding company of JBS SA and federal prosecutors in Brazil
moved closer toward a settlement amount for corruption charges
against the country's largest meatpacker.
U.S. May Extend Ban on Laptops in Airplane Cabins
Homeland Security Secretary John Kelly said he may ban laptops
from cabins on all international flights in and out of the U.S. to
prevent terrorist attacks in the air.
Hotels Remove Welcome Mat for Online Travel Agencies
Marriott, Hilton and InterContinental Hotels are using extensive
marketing campaigns to claw back business from Expedia and
Priceline, which steer customers to hotel properties but also take
hefty commissions.
British Airways Faces Second Day of Disruption After Computer Failure
British Airways said a far-reaching computer outage continued to
disrupt operations for a second day though the airline planned to
operate most services after canceling hundreds of flights
Saturday.
Luxury Fashion Brands Start to Sell on China's WeChat App
Tencent Holdings is courting luxury fashion brands to WeChat,
China's most popular messaging app, potentially opening a new
channel in online retail.
The Quest for 10-Minute Pizza Delivery
Domino's Pizza in Brisbane, Australia, is perfecting a pizza
delivered in 10 minutes, door to door, in its fight to maintain a
competitive edge against mobile tech-fueled food-delivery apps and
services.
Why Banks Haven't Been Burned by Retail's Meltdown
As the U.S. retailing industry endures a spike in bankruptcy
filings, the companies' bank lenders feel more secure than with
downturns in other industries because of the nature of their
loans.
(END) Dow Jones Newswires
May 29, 2017 17:00 ET (21:00 GMT)
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