News Highlights: Top Company News of the Day

Toshiba's Board Move Will Give Foreigners a Greater Voice 
 

Toshiba said it was proposing to replace a majority of its board and add more international business leaders, acceding to demands made by foreign shareholders in the latest sign of activist shareholders' growing influence in Japan.

 
Centrica Faces Trading Headwinds 
 

British Gas owner Centrica warned that its first half will be hit by a challenging trading environment and that the U.K. energy price cap, warmer than normal weather, and lower gas prices will add pressure to its full-year outlook.

 
E.ON Earnings Fall on UK Price Cap 
 

E.ON said its first quarter profit dropped to EUR393 million, mainly due to the introduction of an energy price cap in the U.K.

 
Bristow Group Files for Chapter 11 Bankruptcy 
 

Helicopter transportation services company Bristow Group filed for chapter 11 bankruptcy protection after reaching a deal with senior bondholders on a plan to slash its debt load.

 
Nasdaq Lawsuit Over Cybersecurity ETF Fees Goes to Trial 
 

Nasdaq's lawsuit accusing a New Jersey company of stealing more than $1 billion in exchange-traded funds is set to come to trial Monday in New York.

 
Cosco Focuses on Pacific International Lines as Takeover Target 
 

China's Cosco Shipping Holdings is eyeing Singapore's Pacific International Lines as a potential takeover target as it looks to expand its footprint in developing markets.

 
'Pikachu' Opens Strong but Can't Defeat 'Avengers' 
 

Hollywood's first serious attempt to unseat "Avengers: Endgame" atop the box office made a valiant effort over the weekend, but the superhero sequel still kept the No. 1 spot with a third-week haul of $63.1 million.

 
Uber and Lyft Confront High Driver Turnover 
 

Uber and Lyft are banking on a future where ever-more riders rely on ride-hailing. But that future assumes the companies will be able to accomplish something pretty difficult-finding enough drivers.

 
Oil Giant Total Fuels Push in Gas With $8.8 Billion Africa Deal 
 

Total SA's deal to buy Anadarko Petroleum Corp. assets in Africa pushes its business deeper into dangerous regions while cementing its position as the world's No. 2 supplier of liquefied natural gas.

 
Charter's Plan to Keep Subscribers Involves Helen Hunt, Jessica Alba 
 

The cable operator is launching original shows including a "Mad About You" reboot and cop drama "L.A.'s Finest," in a bid to keep customers paying for a traditional pay-TV bundle.

(END) Dow Jones Newswires

May 13, 2019 03:15 ET (07:15 GMT)

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