News Highlights: Top Company News of the Day
February 26 2020 - 11:30AM
Dow Jones News
Uber's Food-Delivery Boss Leaving Company
The departing Jason Droege will be succeeded at Uber Eats by the
head of its international rides business, Pierre-Dimitri
Gore-Coty.
Papa John's Forecasts Growth After Down Years
Papa John's said it believes comparable sales, or those from
restaurants open for at least a year, will rise 2.5% to 5% this
year in the U.S. and Canada.
European Airline Share Rout Continues on Oil Hedging, Coronavirus Fears
European carriers' shares were on track for their biggest weekly
declines in years, as investors feared they could be hurt more
severely by falling oil prices than their U.S. counterparts.
Blackstone Bets Big on U.K. Student Housing, Acquiring IQ for $6 Billion
The U.S. buyout giant's move comes as an early but significant
sign of a rebound in European deal-making this year despite a
global slowdown.
Danone Seeks More Carbon Credit From Investors
The French company behind Dannon yoghurt and Evian bottled water
has announced a new carbon-adjusted earnings per share metric. It
could help investors currently struggling to value climate-change
risks.
The Car Industry's Big Merger Is Better Than Investors Think
Investors have been disappointed too often to give car
manufacturers much advance credit for cost-cutting plans. In the
case of the industry's big merger, that may create an opportunity
for those that dare to break ranks.
BlackRock's Barbara Novick Is Stepping Down
The face of BlackRock's public-policy efforts built a lobbying
machine that let the firm avoid the regulatory burdens big banks
faced.
Bayer Chairman Steps Down in Midst of Roundup Legal Battle
Chairman Werner Wenning is set to step down earlier than planned
and be replaced by a former PricewaterhouseCoopers executive and
relative newcomer to the German company.
Panasonic to End Tesla Partnership That Makes Solar Panels in Buffalo
Panasonic will end its partnership with Tesla that produces
solar panels at a factory in Buffalo, N.Y., the company said
Wednesday.
Coronavirus in China Threatens Amazon Sellers
Thousands of Amazon sellers who built their businesses on
China's cheap, efficient manufacturers are on the spot as the
coronavirus shuts factories there. Many are raising prices to slow
sales, and looking to move production.
(END) Dow Jones Newswires
February 26, 2020 11:15 ET (16:15 GMT)
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