News Highlights: Top Company News of the Day
March 26 2019 - 5:30AM
Dow Jones News
Uber Buys Careem for $3.1 Billion to Conquer Middle East Market
The ride-hailing giant is acquiring Middle Eastern rival Careem
Networks, a deal that ends another cutthroat ride-hailing battle
ahead of an expected initial public offering.
Japan Watchdog Accuses Citigroup Unit of Manipulating Bonds Futures Market
The Securities and Exchange Surveillance Commission recommended
a $1.2 million fine for London-based Citigroup Global Markets.
Activists Wage Fight at Bed Bath & Beyond
Legion Partners, Macellum Advisors and Ancora Advisors together
control a roughly 5% stake in Bed Bath & Beyond and are
preparing to launch a proxy fight to replace its entire 12-person
board.
Cryptocurrency Miner Bitmain's Hong Kong IPO Application Lapses
Bitmain Technologies, the world's largest cryptocurrency mining
company, said it plans to go public in the future after a six-month
deadline on its current listing application lapsed.
McDonald's Buys Israeli Digital Startup Dynamic Yield
McDonald's is buying Dynamic Yield in a bid to improve in-store
ordering and online marketing, in a $300 million-plus deal that
marks the fast-food chain's biggest acquisition in two decades.
France's CMA CGM to Buy Chinese-Made Container Ships
French shipping operator CMA CGM has ordered 10 container
megaships from state-owned China State Shipbuilding as part of a
string of deals signed by Chinese President Xi Jinping and French
counterpart Emmanuel Macron.
Airbus and China Sign Mega-Deal for 300 Aircraft
Airbus and China Aviation Supplies Holding have signed an
agreement for the purchase of 300 aircraft, Airbus said Monday.
Shell Boosts Bet on North American LNG Exports
Royal Dutch Shell and Energy Transfer said they are pursuing
plans to convert a liquefied-natural-gas import facility in
Louisiana into an export terminal, a bet that the future of U.S.
shale gas lies in selling it for higher prices in overseas
markets.
Ill-Fated Hewlett-Packard Deal Is Back in Court
A U.K. court commenced a fraud trial in which the successors to
Hewlett-Packard are seeking damages from the company's $11.1
billion acquisition of software developer Autonomy in 2011.
Journal Shifts Strategy With Apple Deal
The Wall Street Journal signed on as a launch partner for
Apple's $9.99-a-month news service, marking a shift in strategy
meant to draw in new readers and paying subscribers without
undercutting the publication's core business.
(END) Dow Jones Newswires
March 26, 2019 05:15 ET (09:15 GMT)
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