News Highlights: Top Company News of the Day
July 18 2019 - 11:15PM
Dow Jones News
Blackstone Closes $14 Billion Permanent Infrastructure Fund
The new fund has "the equity to do things that others can't,"
said a person familiar with the fund.
Boeing Plans $5 Billion Charge to Compensate 737 MAX Customers
Boeing will set aside about $5 billion to compensate airlines
which have suffered because of the prolonged grounding of the 737
MAX plane.
Nordic Banks Pinched by Anti-Money-Laundering Compliance Costs
Efforts to improve anti-money-laundering controls continue to
weigh on the financial results of Nordic banks, which have faced
allegations in recent months of moving dirty money.
Gannett Closes In on Deal to Combine With GateHouse Media
USA Today publisher Gannett is nearing a deal to combine with
rival GateHouse Media, a move that would join the nation's two
largest newspaper groups by circulation.
Bankruptcy Watchdog Takes Aim at PG&E CEO's Pay Package
A federal bankruptcy watchdog is objecting to California utility
PG&E Corp.'s request for approval of a $3 million payment to
new Chief Executive William Johnson, according to a court
document.
NEA-Founded Radiology Startup Hits $4 Billion Valuation
Starr Investment Holdings LLC was the sole investor in the
round, which brings the company's valuation to more than $4
billion, the company said.
Honeywell Discloses Foreign Bribery Probes
The probes by the U.S. Justice Department, the Securities and
Exchange Commission and Brazilian authorities focus on Honeywell's
compliance with the Foreign Corrupt Practices Act and similar laws
in Brazil, the industrial conglomerate said in a quarterly
securities filing.
Microsoft's Cloud Business Drives Record Sales
Microsoft reported record quarterly revenue lifted by
cloud-computing growth, adding to the company's momentum under
Chief Executive Satya Nadella.
WeWork Co-Founder Has Cashed Out at Least $700 Million Via Sales, Loans
Adam Neumann, co-founder and largest shareholder of WeWork Cos.,
has cashed out more than $700 million from the company ahead of its
initial public offering through a mix of stock sales and debt,
people familiar with the matter say.
Chewy Posts Strong Sales Growth in First Quarter Post-IPO
The online pet-products seller said its sales grew 45% in the
latest quarter
(END) Dow Jones Newswires
July 18, 2019 23:00 ET (03:00 GMT)
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