Steve Wynn Sells Remaining Shares in Wynn Resorts

Steve Wynn sold the remainder of his stake in Wynn Resorts on Thursday, according to the company, part of a deal with two long-term institutional investors that will "effectively eliminate his ownership" in the company.

 
Chinese Tech Giant Tencent Slumps for Second Straight Day

Tencent Holdings Ltd.'s stock slumped 8% shortly after Hong Kong markets opened Friday, following a 5% drop in the previous session, as investors re-assessed the Chinese tech giant after one of its biggest shareholders was set to sell nearly $10 billion worth of its position.

 
Nike Has 'Deep Leadership Bench,' CEO Says After Shakeup

Nike's sales rose 7% to $9.0 billion for the three months ended Feb. 28. Due to the tax-law change, the company reported its first quarterly loss in years.

 
Uber Raises $1.5 Billion From Leveraged Loan Deal

Uber raised $1.5 billion from its second-ever high-yield loan issuance, highlighting the strength of the leveraged loan market, which has benefited from rising interest rates while other riskier assets have wobbled.

 
Dropbox IPO Priced Above Range

Dropbox priced its IPO above the already increased price range it gave investors earlier this week, a sign of the strong demand for the stock.

 
Crypto-Focused Hedge Funds on SEC's Radar

The Securities and Exchange Commission is preparing to examine as many as 100 hedge funds focused on cryptocurrencies, according to a person familiar with the matter.

 
Micron's Results Weren't Quite Chipper Enough

The memory chip maker's stock ran too hot ahead of its earnings report.

 
Google to Ask Publishers to Get Users' Data Consent in Europe

Google will ask web publishers to obtain consent on its behalf to gather personal information on European users and target ads at them using Google's systems.

 
DOJ and AT&T Clash Over Impact on Consumers of a Time Warner Deal

The Justice Department warned consumers will see price increases of more than $400 million for pay TV if the proposed combination of AT&T and Time Warner goes ahead; AT&T said that's preposterous.

 
Uber Freight Rolls Out incentives to Lure Scarce Truck Drivers

The company's app-driven push into industrial shipping is battling a shortage of drivers and truck capacity as it tries to build up scale in the U.S.

(END) Dow Jones Newswires

March 22, 2018 23:00 ET (03:00 GMT)

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