News Highlights: Top Company News of the Day
April 19 2019 - 1:30PM
Dow Jones News
The Tech IPOs Delivering the Most for Investors
Consumer-focused businesses may have more cachet, but tech
startups that cater to companies are what's really hot. Shares of
business-software firms have risen a median 126% from their market
debuts, outperforming high-profile consumer-tech companies.
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.
Investor Extends Offer to Boost Stake in Coty
Investment firm JAB Holding has extended its offer to boost its
stake in beauty giant Coty by buying up to $1.75 billion in shares
as it awaits regulatory approval.
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.
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.
(END) Dow Jones Newswires
April 19, 2019 13:15 ET (17:15 GMT)
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