News Highlights: Top Company News of the Day
April 19 2019 - 7:30AM
Dow Jones News
Uber Clinches $1 Billion Investment in Self-Driving-Car Unit
Uber struck a deal with investors including SoftBank Group's
tech fund for a $1 billion investment in its self-driving-car unit
as the ride-hailing company prepares for an IPO.
Venmo's Latest Effort to Turn a Profit: Credit Cards
Executives at the digital payments company have been meeting
with banks since last year to discuss issuing a Venmo-branded
credit card. The PayPal-owned company is considering Synchrony
Financial as its card-issuing partner.
CenterPoint Energy Hires Georgia Power Finance Chief
CenterPoint Energy picked Xia Liu, the finance chief of Georgia
Power, to lead its finance team.
Vornado Sells Part of Prime New York Retail Portfolio
Vornado Realty Trust is cashing out of some of its retail
holdings in Manhattan, agreeing to a deal that values a group of
properties in the borough at more than $5.56 billion.
Goldman Takes Stake in Houston Energy Company
Goldman Sachs Group has acquired a 7.5% interest in Key Energy
Services.
McDonald's Drops Signature-Crafted Burgers
McDonald's Corp. is taking "signature crafted" hamburgers off
its menu, after the sandwiches slowed operations at the chain's
restaurants.
Elon Musk, SEC Granted Court Delay in Talks Over Disputed Tweets
Tesla Inc. Chief Executive Elon Musk and the Securities and
Exchange Commission have been granted another week to work out
their dispute over whether the auto executive violated an order
restricting his use of social media.
PG&E Ratepayers Lobby for a Voice in Utility's Bankruptcy
A push for an official voice for ratepayers in PG&E's
bankruptcy case is gaining momentum as California's largest utility
confronts the fallout from years of wildfires linked to its
equipment.
Hyundai Hires Ex-Nissan Executive to Lead North American Operations
Hyundai MotorCo. has hired Jose Muñoz, formerly one of Carlos
Ghosn's top lieutenants at Nissan Motor Co. and a potential CEO
candidate at the Japanese car maker before his abrupt departure
earlier this year.
National Enquirer to Be Sold to Former Newsstand Mogul
The company that owns the National Enquirer said it has agreed
to sell the scandal-plagued supermarket tabloid to a former
newsstand mogul. James Cohen has agreed to pay $100 million for the
publications, according to a person familiar with the matter.
(END) Dow Jones Newswires
April 19, 2019 07:15 ET (11:15 GMT)
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