News Highlights: Top Company News of the Day

Date : 05/20/2019 @ 4:15AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

 
Bayer's Roundup Problem Sends Shares Spiraling Down 
 

Investors are worried that Bayer's liabilities from Monsanto's allegedly carcinogenic weedkiller Roundup are only going to rise, pushing shares into a downward spiral.

 
Nike to Change Pregnancy Policy in Athlete Contracts 
 

Nike said it is adding language to new contracts for female athletes that will protect their pay during pregnancy, after coming under fire for cutting compensation for some athletes.

 
Big Companies Tightened Spending as Trade Fears Intensified 
 

Spending on factories, equipment and other capital goods slowed in the first quarter among a broad cross-section of large, U.S.-listed firms, bolstering investor concerns that a key driver of economic growth is fading.

 
Wynn Resorts Confirms Talks to Sell Boston-Area Casino to MGM 
 

Wynn Resorts and MGM Resorts International are in talks for Wynn to sell Encore Boston Harbor, its Boston-area casino project, to rival MGM.

 
CBS Floated Offer of About $5 Billion for Pay-TV Channel Starz 
 

CBS has had talks with Lions Gate Entertainment about acquiring its pay-TV channel Starz, according to people familiar with the matter.

 
Trian Nears Settlement With Legg Mason, Could Get Up to Four Board Seats 
 

Money manager Legg Mason is nearing a settlement with Trian Fund Management that would give the activist hedge fund three or four seats on its board and avoid a proxy fight, according to people familiar with the matter.

 
E-Cigarette Maker NJOY Falls Short of Funding Goal 
 

E-cigarette maker NJOY Holdings Inc., setting aside the lofty $5 billion valuation it had been seeking, has closed a funding round at a valuation of about $2 billion. The development nevertheless marks a turnaround for a vaping pioneer that filed for bankruptcy protection three years ago.

 
Google to Refund Advertisers After Suit Over Fraud Scheme 
 

Google has agreed to refund advertisers for ads purchased through its ad marketplaces that ran on websites with fraudulent traffic, following a lawsuit claiming the tech giant was withholding those back-payments, according to court documents and people familiar with the situation.

 
DoorDash Takes Aim at Nearly $13 Billion Valuation in New Funding Round 
 

Food-delivery startup DoorDash is raising a new round of financing that could value the company at close to $13 billion, according to people familiar with the situation.

 
Luckin Coffee Shares Jump in Market Debut 
 

Shares of Luckin Coffee jumped 20% in their trading debut as the Chinese coffee chain takes on Starbucks Corp.

 
 

(END) Dow Jones Newswires

May 19, 2019 23:00 ET (03:00 GMT)

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


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