News Highlights: Top Company News of the Day
August 22 2017 - 9:30PM
Dow Jones News
Mutual Funds Mark Down Uber Investments by Up to 15%
Four mutual-fund companies have marked down their investments in
Uber Technologies Inc. by as much as 15%, the first such price cuts
that suggest these investors are souring on the ride-hailing giant
following a scandal-ridden year.
BHP Taps Experienced Executives to Fill Out Changes in Board
BHP Billiton plans to replace two directors who have opted to
leave the resources giant with experienced executives, another win
for disgruntled investors.
GoDaddy COO Scott Wagner Returning to Chief Executive Post
GoDaddy Inc. said Tuesday that Chief Operating Officer Scott
Wagner will assume the company's top post after Chief Executive
Blake Irving retires at year's end.
TurboTax Parent Intuit Names New Finance Chief
Intuit, the maker of TurboTax and QuickBooks, said Chief
Financial Officer R. Neil Williams will step down from his post
next year after spending nearly 10 years with the company.
Container Store Pushes Out Debt Maturity to 2021 From 2019
The Container Store said it has reached a deal to extend the
maturity of its credit facility by two years to 2021, avoiding the
prospect of refinancing the loans next year.
Verizon to Throttle Video Quality, Revamp Unlimited Data Plans
Verizon Communications said it would start limiting video
quality for all customers across its network, months after the No.
1 U.S. carrier by subscribers launched unlimited data plans.
Village Voice to End Print Publication
The alt-weekly that was a force in cultural and political
reporting in New York City will continue to publish online and
produce events, its owner said.
Blackstone Considers Initial Public Offering of Gates Corp.
Blackstone Group is considering an initial public offering of
Gates Corp. that could value the auto-parts maker at as much as $9
billion.
Startup Insurer Seizes on Growing Market for Private Medicare Coverage
In the latest sign of the health-care industry's focus on the
growing business of private Medicare coverage, several high-profile
executives are planning to launch Devoted Health, a new startup
insurer focused on such plans.
Dakota Access Pipeline Owner Sues Greenpeace
The company behind the Dakota Access Pipeline launched an
unusual legal attack against Greenpeace and other environmental
groups, alleging that the organizations effectively ran a criminal
enterprise through their protests of the project.
(END) Dow Jones Newswires
August 22, 2017 21:15 ET (01:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.