News Highlights: Top Company News of the Day
April 22 2019 - 9:15PM
Dow Jones News
PG&E Shuffles Board to End Investor Challenge
PG&E Corp. on Monday settled a dispute with an activist
investor by restructuring its board to include another director
with utility experience, and adding a safety specialist to advise
its chief executive.
Tesla's Elon Musk Promises Robot Taxis by Next Year
Chief Executive Elon Musk envisions owners of Tesla vehicles
pushing a button on a smartphone app to put their vehicles into
commercial service and pick up riders on the company's network.
Elizabeth Holmes Gets Delay in Trial-Date Decision
Lawyers for the Theranos founder fought off efforts by the U.S.
government to set a trial date as the two sides argued over the
enormity of evidence involved in the case.
Facebook Hires Top State Department Lawyer and Bill Gates's Former PR Chief
Facebook is bringing on a new top lawyer and a communications
boss to handle the mounting regulatory and public-relations crises
facing the social-media giant.
Whirlpool Profit Rises, Helped by Higher Prices, Cutting Costs
Price increases and efforts to reduce operating costs helped
Whirlpool lift profits in the latest quarter, despite weaker demand
in some markets.
Disney Heiress Criticizes CEO Robert Iger's Pay
Abigail Disney, granddaughter of company co-founder Roy O.
Disney, said Robert Iger's $65 million pay package is an example of
the bulk of corporate profits going to the wrong employees.
As Uber Nears Debut, NYSE Plans IPO Test
The New York Stock Exchange will give trading firms an
opportunity to test systems as it gears up for the blockbuster
debut of ride-hailing service Uber Technologies as soon as next
month.
Beyond Meat Sets IPO Terms, Seeking Valuation Up to $1.2 Billion
Beyond Meat has set terms of its IPO that could raise roughly
$184 million at the high end of its estimated price range, as the
plant-based meat substitute startup moves closer to its planned
Wall Street debut.
Poseida Therapeutics Puts IPO Plans Aside, Raises $142 Million
Poseida Therapeutics Inc. said it has raised a $142 million
venture round to develop treatments for cancer and orphan genetic
diseases, putting aside its intention to go public.
Emerge Energy Strikes Debt Restructuring Settlement
Emerge Energy Services LP reached a potential restructuring deal
to turn creditors into owners, either with or without filing for
chapter 11 bankruptcy.
(END) Dow Jones Newswires
April 22, 2019 21:00 ET (01:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.