News Highlights: Top Company News of the Day
February 26 2020 - 1:30PM
Dow Jones News
FTC Rejects Planned Coal Joint Venture by Peabody, Arch
U.S. regulators voted to block a plan from mining companies
Peabody Energy and Arch Coal to combine their operations in a major
coal-production region, saying it would limit competition and raise
prices.
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 Sees Higher Sales after Tough Stretch
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.
Columbia Gas of Massachusetts to Plead Guilty to Federal Charge Over 2018 Explosions
The gas supplier's parent company also agreed to sell its
operations in Massachusetts.
(END) Dow Jones Newswires
February 26, 2020 13:15 ET (18:15 GMT)
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