News Highlights: Top Company News of the Day
May 13 2019 - 5:30AM
Dow Jones News
Toshiba's Board Move Will Give Foreigners a Greater Voice
Toshiba said it was proposing to replace a majority of its board
and add more international business leaders, acceding to demands
made by foreign shareholders in the latest sign of activist
shareholders' growing influence in Japan.
Centrica Faces Trading Headwinds
British Gas owner Centrica warned that its first half will be
hit by a challenging trading environment and that the U.K. energy
price cap, warmer than normal weather, and lower gas prices will
add pressure to its full-year outlook.
E.ON Earnings Fall on UK Price Cap
E.ON said its first quarter profit dropped to EUR393 million,
mainly due to the introduction of an energy price cap in the
U.K.
Bristow Group Files for Chapter 11 Bankruptcy
Helicopter transportation services company Bristow Group filed
for chapter 11 bankruptcy protection after reaching a deal with
senior bondholders on a plan to slash its debt load.
Nasdaq Lawsuit Over Cybersecurity ETF Fees Goes to Trial
Nasdaq's lawsuit accusing a New Jersey company of stealing more
than $1 billion in exchange-traded funds is set to come to trial
Monday in New York.
Cosco Focuses on Pacific International Lines as Takeover Target
China's Cosco Shipping Holdings is eyeing Singapore's Pacific
International Lines as a potential takeover target as it looks to
expand its footprint in developing markets.
'Pikachu' Has Strong Opening but Can't Defeat 'Avengers'
Hollywood's first serious attempt to unseat "Avengers: Endgame"
atop the box office made a valiant effort over the weekend, but the
superhero sequel still kept the No. 1 spot with a third-week haul
of $63.1 million.
Uber and Lyft Confront High Driver Turnover
Uber and Lyft are banking on a future where ever-more riders
rely on ride-hailing. But that future assumes the companies will be
able to accomplish something pretty difficult-finding enough
drivers.
Oil Giant Total Fuels Push in Gas With $8.8 Billion Africa Deal
Total SA's deal to buy Anadarko Petroleum Corp. assets in Africa
pushes its business deeper into dangerous regions while cementing
its position as the world's No. 2 supplier of liquefied natural
gas.
Charter's Plan to Keep Subscribers Involves Helen Hunt, Jessica Alba
The cable operator is launching original shows including a "Mad
About You" reboot and cop drama "L.A.'s Finest," in a bid to keep
customers paying for a traditional pay-TV bundle.
(END) Dow Jones Newswires
May 13, 2019 05:15 ET (09:15 GMT)
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