News Highlights: Top Company News of the Day

Date : 01/11/2019 @ 8:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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)

Copyright (c) 2019 Dow Jones & Company, Inc.
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