News Highlights: Top Company News of the Day
April 19 2019 - 07:30PM
Dow Jones News
BP, Partners to Invest $6 Billion in Offshore Azerbaijan Project
BP and its partners plan to lead a $6 billion development of the
Azeri-Chirag-Deepwater Gunashli oil-field complex offshore
Azerbaijan. The project includes facilities designed to process up
to 100,000 barrels of oil a day.
Teva Gets Approval to Sell Generic Nasal Spray for Opioid Overdoses
The U.S. Food and Drug Administration gave Teva Pharmaceutical
the go-ahead to market a generic naloxone nasal spray to treat
opioid overdoses.
Online Lender Prosper Settles Probe Over Misleading Investors
A unit of online lender Prosper Marketplace agreed to pay $3
million to settle claims that it miscalculated returns of investors
who funded its consumer loans.
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.
(END) Dow Jones Newswires
April 19, 2019 19:15 ET (23:15 GMT)
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