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.

 
BP Enters $6 Billion Azerbaijan Offshore Project

BP and its partners have sanctioned the $6 billion Azeri Central East project in the giant Azeri-Chirag-Deepwater Gunashli oil-field complex offshore Azerbaijan.

 
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.

 
CenterPoint Energy Hires Georgia Power Finance Chief

CenterPoint Energy picked Xia Liu, the finance chief of Georgia Power, to lead its finance team.

 
Pinterest, Zoom Shares Surge in Trading Debuts

Shares in online image-search company Pinterest rose 28% in their trading debut, while Zoom jumped 72%, giving the IPO market a boost after the recent wobble by Lyft.

 
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.

 
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.

(END) Dow Jones Newswires

April 19, 2019 09:15 ET (13:15 GMT)

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