News Highlights: Top Company News of the Day
February 13 2018 - 09:30PM
Dow Jones News
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)
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