News Highlights: Top Company News of the Day

Date : 04/15/2019 @ 10:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

UniCredit to Pay $1.3 Billion to Settle Sanctions Charges 

Banks owned by UniCredit Group have agreed to pay $1.3 billion to settle claims they processed payments allegedly in violation of multiple U.S. government sanctions programs.

Tiger Woods Rewards Nike's Loyalty 

Nike stood by the golfer during a lost decade when sponsors from Gillette to Gatorade dropped him. Mr. Woods's Masters win could reenergize his endorsement power and boost Nike's golf business, marketing experts say.

SpaceX Raising $500 Million Amid Internal Questions Over Satellite Internet 

Elon Musk's SpaceX is raising another $500 million in funding as its president has raised questions about the viability of an internet-via-satellite business considered key to the company's growth.

At Goldman and Citi, Where's the Growth? 

Goldman Sachs and Citigroup both reported underwhelming results as revenue was hit by tough market conditions.

American Airlines Devising Extra Training for Boeing 737 Crews 

American Airlines, after saying for months that its pilots didn't need additional ground-simulator experience on Boeing 737 MAX jets, is moving to add such instruction to existing training sessions.

South Korea's Hyundai Heavy Sells Oil Stake to Saudi Aramco for $1.2 Billion 

South Korea's Hyundai Heavy Industries Holdings, the parent company of the world's largest shipbuilder, said it signed a $1.2 billion deal to sell a stake in its oil-refining unit to Saudi Aramco.

Siris to Buy Electronics for Imaging in a $1.7 Billion Deal 

Under terms of the deal, Siris will pay $37 for each Electronics for Imaging shares outstanding, which is 26% above Friday's closing price of $29.40.

Volkswagen Ex-CEO Faces Fresh Fraud Charges Over Emissions Scandal 

German prosecutors indicted Martin Winterkorn, the former chief executive of Volkswagen, and four other people on charges of serious fraud and a list of other violations in relation to the company's diesel cheating scandal.

Trump Takes Aim at Huawei After Ex-Obama Official Becomes Lobbyist 

President Trump lashed out at Huawei Technologies after a former Obama-era official registered as a lobbyist for the Chinese telecom giant.

Best Buy, After Turnaround, to Switch Leaders 

Best Buy named Corie Barry, currently chief financial and strategic transformation officer, as its new chief executive.


(END) Dow Jones Newswires

April 15, 2019 17:15 ET (21:15 GMT)

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

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