News Highlights: Top Company News of the Day
April 19 2019 - 8:30AM
Dow Jones News
Venmo's Latest Effort to Turn a Profit: Credit Cards
Executives at the digital payments company have been meeting
with banks since last year to discuss issuing a Venmo-branded
credit card. The PayPal-owned company is considering Synchrony
Financial as its card-issuing partner.
BP Enters $6 Billion Azerbaijan Offshore Project
BP and its partners have sanctioned the $6 billion Azeri Central
East project in the giant Azeri-Chirag-Deepwater Gunashli oil-field
complex offshore Azerbaijan.
Uber Clinches $1 Billion Investment in Self-Driving-Car Unit
Uber struck a deal with investors including SoftBank Group's
tech fund for a $1 billion investment in its self-driving-car unit
as the ride-hailing company prepares for an IPO.
CenterPoint Energy Hires Georgia Power Finance Chief
CenterPoint Energy picked Xia Liu, the finance chief of Georgia
Power, to lead its finance team.
Pinterest, Zoom Shares Surge in Trading Debuts
Shares in online image-search company Pinterest rose 28% in
their trading debut, while Zoom jumped 72%, giving the IPO market a
boost after the recent wobble by Lyft.
National Enquirer to Be Sold to Former Newsstand Mogul
The company that owns the National Enquirer said it has agreed
to sell the scandal-plagued supermarket tabloid to a former
newsstand mogul. James Cohen has agreed to pay $100 million for the
publications, according to a person familiar with the matter.
Vornado Sells Part of Prime New York Retail Portfolio
Vornado Realty Trust is cashing out of some of its retail
holdings in Manhattan, agreeing to a deal that values a group of
properties in the borough at more than $5.56 billion.
Goldman Takes Stake in Houston Energy Company
Goldman Sachs Group has acquired a 7.5% interest in Key Energy
Services.
McDonald's Drops Signature-Crafted Burgers
McDonald's Corp. is taking "signature crafted" hamburgers off
its menu, after the sandwiches slowed operations at the chain's
restaurants.
Elon Musk, SEC Granted Court Delay in Talks Over Disputed Tweets
Tesla Inc. Chief Executive Elon Musk and the Securities and
Exchange Commission have been granted another week to work out
their dispute over whether the auto executive violated an order
restricting his use of social media.
(END) Dow Jones Newswires
April 19, 2019 09:15 ET (13:15 GMT)
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