News Highlights: Top Company News of the Day
July 23 2019 - 9:30PM
Dow Jones News
WeWork Aims to Go Public in September, Sooner Than Expected
The office-space company boosted a loan facility in the hopes it
will pave the way for the listing.
Facebook Settlement Requires Zuckerberg to Certify Privacy Protections
Facebook CEO Mark Zuckerberg will have to personally certify
that the company is taking steps to protect consumer privacy under
a settlement expected to be announced with the Federal Trade
Commission Wednesday.
Justice Department to Open Broad, New Antitrust Review of Big Tech Companies
The Justice Department is opening a broad antitrust review into
whether dominant technology firms are unlawfully stifling
competition, according to department officials.
Microsoft's Focus on Big Customers Propels Cloud Sales
Microsoft's bet on delivering business software over the
internet is paying off, thanks to the tech giant's ability to
understand the needs of its corporate customers and help them
adjust to a rapidly changing market.
Baupost Pitches PG&E Restructuring Plan, Challenging Bondholders
A group of insurance companies and hedge fund Baupost Group want
to end PG&E's exclusive control over its bankruptcy, floating a
restructuring strategy to compete with proposals from hedge-fund
bondholders.
Chipotle's Sales Rise Following Price Increases
The fast-casual chain is selling more burritos even at higher
prices, with Chipotle CEO Brian Niccol saying the results reflected
better restaurant operations and marketing, along with a focus on
digital sales.
UPS to Start 7-Day Delivery
United Parcel Service will next year start delivering packages
on Sundays, following the move of FedEx as the two work to meet the
demands of online shopping.
Visa Beats Projections on Higher Card Spending
Visa reported strong financial results on the back of higher
card spending, as the company touted its push into the
financial-technology sector, including its possible role in
Facebook's Libra project.
Snap Posts Record User Growth
Snap reported its strongest user growth as a public company and
accelerating revenue, signs that long-awaited Snapchat app
improvements and a leadership overhaul are translating into gains
for the business.
American Express to Refund $1.6 Million After Forex Probe
American Express is terminating foreign-exchange employees and
refunding money to nearly 200 customers after it found salespeople
misrepresented pricing.
(END) Dow Jones Newswires
July 23, 2019 21:15 ET (01:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.