News Highlights: Top Company News of the Day
19 April 2019 - 07:15AM
Dow Jones News
Hyundai Hires Ex-Nissan Executive to Lead North American Operations
Hyundai MotorCo. has hired Jose Muñoz, formerly one of Carlos
Ghosn's top lieutenants at Nissan Motor Co. and a potential CEO
candidate at the Japanese car maker before his abrupt departure
earlier this year.
National Enquirer to Be Sold to Former Newsstand Mogul
The company that owns the National Enquirer said it has agreed
to sell the scandal-plagued supermarket tabloid to a former
newsstand mogul. James Cohen has agreed to pay $100 million for the
publications, according to a person familiar with the matter.
Pinterest, Zoom Rise in Trading Debuts
Online image-search company Pinterest's shares rose about 27% in
their trading debut, while Zoom surged 79%, giving the IPO market a
boost after the recent wobble by Lyft.
Sears Sues Ex-CEO Lampert, Claiming He Stripped Assets and Left It Broke
A lawsuit accuses Eddie Lampert, his hedge fund ESL Investments,
and various directors of ESL and Sears of siphoning away billions
of dollars of assets as the company racked up huge losses.
Amazon, Google Strike Deal to Return YouTube Apps to Amazon Devices
Amazon.com and Alphabet's Google reached a deal to reintroduce
in coming months the YouTube app on Amazon devices and add the
Prime Video app to Chromecast and Android TV.
Canopy Growth Aims to Buy Acreage Holdings, If U.S. Legalizes Marijuana Production
Cannabis company Canopy Growth has agreed to buy one of the
biggest U.S. marijuana growers in a $3.4 billion deal as the
Canadian company charts a path into the American market.
Hulu, Netflix Pulled Into Bankruptcy Probe Over Fyre Festival Films
A bankruptcy lawyer wants answers from Hulu and Netflix about
behind-the-scenes footage used in a pair of Fyre Festival
documentaries as part of his larger inquiry into where all the
money went from the event.
Hershey Appoints New Finance and Operations Executives
Hershey hired a new finance chief and is replacing a top leader
of its international business as the snack maker looks to boost its
performance.
Blackstone to Ditch Partnership Structure
Blackstone Group said it would abandon its partnership structure
and become a corporation.
Philip Morris's Cigarettes Sales Fall, Heated Tobacco Products Demand Up
Philip Morris's revenue fell in the latest quarter as cigarette
demand remained flat, but heated tobacco product sales rose.
(END) Dow Jones Newswires
April 18, 2019 17:00 ET (21:00 GMT)
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