News Highlights: Top Company News of the Day

Date : 02/13/2018 @ 9:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Uber Posts Fourth-Quarter Loss of $1.1 Billion on Higher Sales 

Uber continued to boost ridership and revenue throughout last year, despite a punishing stretch that included a sexual harassment scandal, the resignation of its longtime chief and a blockbuster lawsuit from its primary rival in self-driving vehicles.

Baidu Considers IPO of Streaming Video Unit iQiyi 

Baidu Inc. is considering listing online-video unit iQiyi in the U.S. as a separate public company while increasing investment in its mobile and artificial intelligence.

Axar Capital Management Takes a Stake in a Real Estate Debt Firm 

A provider of junior debt in the real-estate industry is taking on a new partner in anticipation of what the firm's co-founder expects will be a shakeout in the business. Axar Capital Management LP, a hedge fund and investment manager, has acquired a stake in Terra Capital Partners.

Mirae Asset Global to Acquire U.S. ETF Issuer Global X 

Global X, a U.S. ETF issuer with $9.3 billion in assets, is being acquired by Mirae Asset Global Investments.

Chipotle Picks Taco Bell CEO Brian Niccol to Be Its New Chief 

Chipotle Mexican Grill named Taco Bell CEO Brian Niccol its next chief executive, tapping a fast-food veteran to try to revive the struggling burrito chain.

MetLife Pegs Number of Workers Missing Benefits at 13,500 

MetLife said roughly 13,500 workers were left without their monthly retirement benefits over the past quarter century because of a records mistake, the first time the insurance giant disclosed the specific number of people affected by the pension snafu.

Blackstone Puts Gray on Track to Succeed Schwarzman 

Hamilton "Tony" James is handing over day-to-day management of Blackstone Group LP to Jonathan Gray, solidifying Mr. Gray's role as heir-apparent to Chief Executive Stephen A. Schwarzman.

América Móvil Registers Fourth-Quarter Net Loss 

Mexican telecommunications heavyweight América Móvil SAB registered a second straight net loss in the fourth quarter on an increase in financial costs and foreign exchange-related declines in revenue.

CFPB Chief Says Equifax Probe Continues 

A federal consumer-finance regulator's probe of the data breach at Equifax Inc. hasn't changed since the Trump administration took over the agency, the interim head of the agency said.

Google Must Shine More Light on its Cloud 

Google is the world's second-largest company by market value. But even for huge businesses, little things can count for a lot-like, Google's cloud platform.


(END) Dow Jones Newswires

February 13, 2018 21:15 ET (02:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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