Uber Lowers Its Valuation Target

Uber ratcheted down its target valuation to a range of about $80 billion to $90 billion for its initial public offering.

 
Elon Musk, SEC Standoff Over Tweets Continues

Elon Musk and the SEC want more time to work out their dispute over whether the Tesla CEO violated a court order restricting his use of social media.

 
Looming Facebook Fine Points to a Tougher Cop on the Tech Beat

The Federal Trade Commission's coming resolution of its yearlong investigation of alleged privacy lapses at Facebook looms as a defining moment for U.S. policy on consumer data.

 
Amazon's Profit More Than Doubles

Amazon.com notched a fourth straight record profit as it tamed costs, but its quarterly revenue growth shrank to its lowest level in nearly four years.

 
Intel Cuts Financial Forecast for Year

Intel lowered its financial expectations for the year and reported its first decline in sales of data-center chips in seven years, reflecting uncertainty in the business-computing market and slowing demand amid the U.S.-China trade battle.

 
T-Mobile Profit Surges as New Customers Sign Up

T-Mobile's first-quarter profit jumped 35% on the strength of new customer sign-ups, putting the company on a firmer financial footing as its proposed combination with rival Sprint nears its first anniversary.

 
Starbucks Boosts U.S., China Sales

Starbucks beat profit expectations during its most recent quarter and boosted forecasts for sales growth this year, a sign that the chain is rejuvenating sales in its biggest markets.

 
Bitfinex Drained Tether to Mask Missing Funds, Probe Finds

The cryptocurrency exchange operated by Hong Kong-based iFinex raided dollar reserves underpinning its popular digital coin Tether to cover up a missing $850 million, the New York attorney general's office said.

 
Bunge Names Greg Heckman CEO

Bunge Ltd. appointed longtime agribusiness executive Gregory Heckman chief executive as the grain giant revamps its business amid turbulent agricultural markets.

 
Pier 1 Imports Faces Increasing Bankruptcy Risk

S&P Global Ratings slashed Pier 1 Imports Inc.'s credit rating deeper into junk territory, citing increasing risk of a bankruptcy filing or debt restructuring.

(END) Dow Jones Newswires

April 25, 2019 23:00 ET (03:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.