News Highlights: Top Company News of the Day
September 19 2019 - 11:15AM
Dow Jones News
AT&T Examines Split With DirecTV
AT&T is exploring parting with its DirecTV unit, people
familiar with the matter said, a move that would mark a sharp
course correction in strategy for the phone giant.
Olive Garden Parent Darden Restaurants 1Q Profit Rises
Darden Restaurants said its first-quarter profit rose as sales
at the operator of the Olive Garden and LongHorn Steakhouse
restaurant chains grew 3.5% from a year earlier.
Apple Can't Win Its $14 Billion European Tax Battle
Even if the tech giant wins its court appeals, it will have to
pay the money-and more-to Washington.
China's Tencent to Invest in Educational Startup VIPKid
Tencent Holdings is set to invest $150 million in VIPKid amid
concerns over the online education company's business model.
Snapchat Must Hit More Angles with Advertisers
A recent RBC survey showed that while future advertising
spending intentions on Snapchat have improved, Snapchat spending
remained the weakest of all surveyed social-media platforms.
Chinese Property Giants Could Regret Milking the Country's Middle Class
Using presales as a method of financing might seem cheap
compared with the high-yield bond market, but Chinese property
companies may have now promised buyers too much.
Temasek-Backed Fund Focusing on Health, Agriculture Tech Sectors
EXCLUSIVE: Vertex Ventures SEA & India, a venture capital
fund backed by Temasek Holdings, is looking for opportunities in
technology startups that specialize in health care and
agriculture.
Zuckerberg Heads to Capitol Hill to Push His Version of Web Regulation
Facebook CEO Mark Zuckerberg will pitch to lawmakers his
moderate vision for internet regulation.
Microsoft to Buy Back Up to $40 Billion in Stock
The software giant also said it plans to raise its dividend 11%,
as the company maintains its record of sharing its flood of cash
with shareholders.
Apple Communications Chief to Leave Company
Apple said its head of communications is leaving the company,
the latest of several senior executive departures this year as the
tech giant reorients its business amid flagging iPhone sales.
(END) Dow Jones Newswires
September 19, 2019 11:00 ET (15:00 GMT)
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