Starbucks Takes Stake in Tech Company

Starbucks said it is taking a stake in a digital technology company called Brightloom to speed up its offering of mobile ordering and payment options at its global stores to improve customer convenience.

 
SNC-Lavalin to Restructure, Focus on Core Engineering Services

The struggling engineering-and-construction company said it will exit the fixed-price construction business and explore the sale of its oil-and-gas operations as part of a reorganization.

 
FTC Set to Unveil Terms of $5 Billion Facebook Settlement

The Federal Trade Commission is expected to announce a settlement with the tech giant over its privacy practices as soon as this week. As part of the deal, Facebook plans to form a board committee for privacy oversight.

 
Sequoia Sees Another Billion Dollar Exit With Medallia

Sequoia's stake in Medallia, a software company that helps companies use data to improve their customer experience, was valued at $1.65 billion after its IPO.

 
Occidental Pushes Back on Icahn's Board Plan

Leaders of Occidental Petroleum are pushing their shareholders to reject billionaire investor Carl Icahn's bid to replace four directors at the company.

 
BP Boosts Its Biofuels Business with Brazilian Joint Venture

Energy giant BP is doubling down on biofuels with a joint venture with agricultural trader Bunge in Brazil, betting that the global movement to reduce carbon emissions will boost demand for low-carbon fuels.

 
Microsoft to Pay $25 Million to Settle Foreign Bribery Probe

The software company has reached joint settlements with the Justice Department and the Securities and Exchange Commission.

 
Equifax to Pay Up to $700 Million in Data Breach Settlement

Equifax struck a settlement of up to $700 million to resolve investigations and lawsuits stemming from its 2017 data breach that exposed the personal data of nearly 150 million Americans.

 
Halliburton Beats Profit Target, but North American Business Slows

Halliburton beat profit expectations for the second quarter, but the oil-field services company said its business in North America slowed down.

 
Apple Shuts Hong Kong Stores Early as Fears of Lawlessness Rise

Tech giant Apple shut its stores early citywide on Monday, as fears of escalating violence and spiraling lawlessness linked to weekslong protests spurred concern among businesses and the public.

(END) Dow Jones Newswires

July 22, 2019 17:15 ET (21:15 GMT)

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