News Highlights: Top Company News of the Day
January 11 2019 - 3:30PM
Dow Jones News
T-Mobile, AT&T Pledge to Stop Location Sharing by End of March
T-Mobile US and AT&T said they would stop feeding individual
customers' real-time locations to data middlemen after a report
suggested the sensitive information is easy to pull without users'
consent
Venezuela Misses $1 Billion Collateral Deadline to Protect Citgo
Venezuela failed to put up nearly $1 billion in collateral to
ensure its U.S. crude refineries stay under state control as
President Nicolás Maduro begins a new six-year term in office, a
person familiar with the matter said.
Huawei Executive Is Charged With Espionage in Poland
Polish authorities detained and charged a local sales director
of Huawei, a Chinese national, with conducting high-level espionage
on behalf of China, amid widening global scrutiny of the technology
giant.
Activision's Date With Destiny
Sci-fi shooter never lived up to Activision's goals, but
videogame publisher needs to show what else it has in the
chamber.
21st Century Fox Says It Won't Pursue Fox Regional Sports Networks
21st Century Fox said it has no plans to bid on the Fox regional
sports networks that Disney is selling to get approval for its more
than $70 billion deal to buy some of Fox's assets.
GM Raises Profit Guidance for 2018, Predicts an Even Stronger 2019
General Motors raised its profit guidance for 2018 ahead of
reporting results next month and said its bottom line should grow
in 2019 as it expects demand to remain resilient in China and the
U.S.
Citigroup Gives Activist ValueAct More Access to Its Business
Citigroup has agreed to give activist investor ValueAct Capital
Partners greater insight into its strategy, governance and
operations without giving it a board seat.
Warehouse Availability Reached Lowest Point Since 2000 Last Year
The availability of industrial space fell to 7% in the fourth
quarter, the lowest point since 2000, and real-estate brokerage
CBRE Group said the tight capacity that has driven up the costs of
warehousing in recent years will remain a challenge for companies
well into this year.
Vail Resorts Says Ski Bookings Were Light in Early December
Shares of Vail Resorts fell nearly 11% Friday morning after the
mountain resort operator said visits by destination guests were
"much lower than anticipated" in early December.
Bankrupt iHeartMedia Moves Step Closer to Confirmation
IHeartMedia Inc., whose bankruptcy last March was among the
biggest chapter 11 cases of 2018, moved a step closer Thursday to
completing a reorganization built around eliminating about $10
billion, or nearly two-thirds, of its debt.
(END) Dow Jones Newswires
January 11, 2019 15:15 ET (20:15 GMT)
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