News Highlights: Top Company News of the Day
19 September 2019 - 7:30PM
Dow Jones News
China's Tencent to Invest in Educational Startup VIPKid
Chinese technology giant Tencent Holdings is set to invest $150
million in VIPKid, according to people familiar with the matter,
pushing a funding round closer to completion even amid concerns
among some current and prospective investors over the Chinese
online education company's business model.
Chinese Property Giants Could Regret Milking the Country's Middle Class
Using presales as a method of financing might seem cheap
compared with the high-yield bond market, but Chinese property
companies may have now promised buyers too much.
Zuckerberg Heads to Capitol Hill to Push His Version of Web Regulation
Facebook Inc. CEO Mark Zuckerberg will pitch to lawmakers his
moderate vision for internet regulation and seeking to placate
lawmakers who are weighing tougher moves.
Microsoft to Buy Back Up to $40 Billion in Stock
The software giant also said it plans to raise its dividend 11%,
as the company maintains its record of sharing its flood of cash
with shareholders.
AT&T Considering Split With DirecTV
AT&T is exploring parting with its DirecTV unit, people
familiar with the matter said, a move that would mark a mark a
sharp course correction in strategy for the phone giant.
Apple Communications Chief to Leave Company
Apple said its head of communications is leaving the company,
the latest of several senior executive departures this year as the
tech giant reorients its business amid flagging iPhone sales.
J.Crew Dead-Ends in Lender Talks on Madewell IPO
J.Crew Group is at an impasse in debt restructuring negotiations
with lenders whose permission it needs to take its fast-growing
Madewell subsidiary public, according to company filings.
Nordea CFO Departs Amid Wider Management Reshuffle
The Helsinki-based lender said Christopher Rees, the group chief
financial officer and head of group finance and treasury, is
departing from the bank in 2020 and plans to relocate to the U.K.
to pursue new opportunities, Nordea said.
Buffett Protege to Leave Berkshire, Start Own Firm
Tracy Britt Cool, one of Warren Buffett's key lieutenants in
recent years, is leaving Berkshire Hathaway Inc. to create a
mini-Berkshire of her own.
Insys Bankruptcy Plan Comes Up Short in Paying Justice Department
Insys Therapeutics, the first drugmaker to be driven to
bankruptcy as a result of litigation over the nation's opioid
crisis, has outlined its plan to wind down its operations in
chapter 11 bankruptcy without making good on a $225 million
settlement with the U.S. Justice Department.
(END) Dow Jones Newswires
September 19, 2019 05:15 ET (09:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.