News Highlights: Top Company News of the Day
16 April 2019 - 3:30PM
Dow Jones News
Cisco Exec Taps Startup Skills in Battle Against Slack, Microsoft Teams
Cisco Systems is turning to smart software in a bid to ward off
a number of fast-growing rivals challenging its lead in the
enterprise-collaboration market.
AT&T Sells Hulu Stake, Valuing Video Service at $15 Billion
AT&T sold its minority stake in Hulu back to the company in
a deal that values the streaming video site at around $15 billion,
a sharp jump from more than two years ago.
Lyft Shares Continue to Skid After IPO
After speeding into the public markets on hot investor demand
near the end of March, Lyft Inc.'s stock has been on a slide and
now trades 22% below the company's initial public offering
price.
BlackRock Director Leaves to Launch Tech Investment Firm
Daniel Daniel, a BlackRock director involved in the firm's early
technology bets on Twitter and Uber Technologies, is launching his
own investment fund.
As J.B. Hunt Profit Rises, Lower Volumes Crimp Results
J.B. Hunt, one of the nation's largest trucking and logistics
companies, posted slightly higher first-quarter profit compared
with the prior year as lower intermodal volumes weighed on the
carrier's results.
'Game of Thrones' Returns as Mother of Ratings
A record 17.4 million people tuned in Sunday night for the
beginning of the end of HBO's "Game of Thrones," according to
Nielsen and the network.
Jones Energy Cleared for Fast Chapter 11
A judge has granted Jones Energy Inc. permission to fast-track a
$1 billion debt-cutting plan, positioning the oil-and-gas company
for a quick trip through chapter 11.
UniCredit to Pay $1.3 Billion to Settle Sanctions Charges
Banks owned by UniCredit Group have agreed to pay $1.3 billion
to settle claims they processed payments allegedly in violation of
multiple U.S. government sanctions programs.
Trump Officials Stress Urgency in Fannie, Freddie Revamp
Senior Trump administration officials are discussing how to
jump-start an overhaul of mortgage finance, with the new federal
overseer of Fannie Mae and Freddie Mac pledging to act with "a
great sense of urgency."
Tiger Woods Rewards Nike's Loyalty
Nike stood by the golfer during a lost decade when sponsors from
Gillette to Gatorade dropped him. Mr. Woods's Masters win could
reenergize his endorsement power and boost Nike's golf business,
marketing experts say.
(END) Dow Jones Newswires
April 16, 2019 01:15 ET (05:15 GMT)
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