News Highlights: Top Company News of the Day

Date : 02/26/2020 @ 6:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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 13:00 ET (18:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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