News Highlights: Top Company News of the Day
April 21 2019 - 11:30PM
Dow Jones News
SpaceX Capsule Suffers Engine Testing Problem on the Ground
A SpaceX capsule presumed damaged during weekend engine tests on
the ground in Florida created an extensive plume of smoke visible
for miles, prompting some industry officials to say the problem
could delay the company's first crewed space flight by months.
Management Tension, Mounting Competition Sink Lions Gate's Stock
Lions Gate Entertainment's movie business has lost ground, while
internal conflict and outside competition weigh on its pay-TV
network. Since last summer, the company's shares have fallen
42%.
America's Biggest Supermarket Company Struggles with Online Grocery Upheaval
Kroger is adjusting operations and investing in technology to
try to hang on to customers who no longer like to buy their food in
stores. 'We've got to get our butts in gear,' says Chief Executive
Rodney McMullen.
Ghosn's Life in Jail: Half-Hour of Fresh Air, No Family Visits
Weekends are the worst for former Nissan Chairman Carlos Ghosn,
who is likely to find out this week whether he will face additional
months behind bars. Alone in his cell, he isn't allowed to leave
for the 30 minutes of fresh air he gets on weekdays or see his
family. "It's a torture," says his wife, Carole.
Elon Musk to Tout Robot Cars Amid Tesla Sales Slump
As Tesla faces questions about whether demand for the Model 3
compact car is slowing, CEO Elon Musk wants investors to focus on
vehicles driving themselves in a robot-taxi fleet.
Uber's Greater Clarity on Costs Not Reassuring
Uber's public documents differ from rival Lyft by being more
explicit about the incentives it gives drivers-if only that were
comforting.
Tesla to Cut Down on Board Members
Tesla plans to shrink its board from 11 to seven directors over
this year and next, with three longtime allies of CEO Elon Musk
planning to step down along with one of the auto maker's newer
independent members.
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.
(END) Dow Jones Newswires
April 21, 2019 23:15 ET (03:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.