News Highlights: Top Company News of the Day
May 29 2017 - 9:30PM
Dow Jones News
Kinder Morgan Canadian Pipeline Expansion Faces Setback
The future of Kinder Morgan Inc.'s proposed expansion Trans
Mountain pipeline was dealt a setback Monday after a political
party in the Canadian west-coast province of British Columbia that
opposed the project looked set to form a new government.
Italian Lender Monte dei Paschi Enters Talks for Sale of Bad Loans
Troubled Italian lender Banca Monte dei Paschi di Siena SpA has
entered exclusive talks about the sale of a giant portfolio of bad
loans with a group of investors, a key step of its restructuring
plan aimed at being rescued by the government.
BMW Slows Some Production Due to Parts Shortage From Supplier Bosch
BMW AG, the German luxury car maker, is slowing or halting
production of certain models in response to a shortage of parts
caused by delivery problems from supplier Bosch GmbH.
Apple: Supercycle Hopes Drive Super-sized Bets
Can Apple's coming "supercycle" actually deliver? Investors
already have bet nearly $200 billion that it can. Hopes are high
for the next iPhone coming out later this year after the last two
versions failed to do much to move the needle.
Goldman Bought Venezuela's State Oil Company's Bonds
Goldman Sachs bought about $2.8 billion in Venezuelan bonds that
had been held by the oil-rich country's central bank, a lifeline to
President Nicolás Maduro's embattled government.
British Airways Faces Third Day of Flight Disruption After IT Outage
British Airways said a far-reaching computer outage would
disrupt flights for a third day and pledged to avoid a repetition
of the events that led to hundreds of canceled flights over the
weekend.
S.F. Express Needs UPS Tie-Up to Deliver
S.F. Express needs a tie-up with UPS to go very well to justify
its sky-high valuation.
JBS, Brazilian Prosecutors Move Closer to Settlement Amount for Corruption Charges
The holding company of JBS SA and federal prosecutors in Brazil
moved closer toward a settlement amount for corruption charges
against the country's largest meatpacker.
U.S. May Extend Ban on Laptops in Airplane Cabins
Homeland Security Secretary John Kelly said he may ban laptops
from cabins on all international flights in and out of the U.S. to
prevent terrorist attacks in the air.
Hotels Remove Welcome Mat for Online Travel Agencies
Marriott, Hilton and InterContinental Hotels are using extensive
marketing campaigns to claw back business from Expedia and
Priceline, which steer customers to hotel properties but also take
hefty commissions.
(END) Dow Jones Newswires
May 29, 2017 21:15 ET (01:15 GMT)
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