News Highlights: Top Company News of the Day
April 25 2019 - 11:30PM
Dow Jones News
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 23:15 ET (03:15 GMT)
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