News Highlights: Top Company News of the Day
23 March 2018 - 3:30AM
Dow Jones News
Steve Wynn Sells Remaining Shares in Wynn Resorts
Steve Wynn sold the remainder of his stake in Wynn Resorts on
Thursday, according to the company, part of a deal with two
long-term institutional investors that will "effectively eliminate
his ownership" in the company.
Chinese Tech Giant Tencent Slumps for Second Straight Day
Tencent Holdings Ltd.'s stock slumped 8% shortly after Hong Kong
markets opened Friday, following a 5% drop in the previous session,
as investors re-assessed the Chinese tech giant after one of its
biggest shareholders was set to sell nearly $10 billion worth of
its position.
Nike Has 'Deep Leadership Bench,' CEO Says After Shakeup
Nike's sales rose 7% to $9.0 billion for the three months ended
Feb. 28. Due to the tax-law change, the company reported its first
quarterly loss in years.
Uber Raises $1.5 Billion From Leveraged Loan Deal
Uber raised $1.5 billion from its second-ever high-yield loan
issuance, highlighting the strength of the leveraged loan market,
which has benefited from rising interest rates while other riskier
assets have wobbled.
Dropbox IPO Priced Above Range
Dropbox priced its IPO above the already increased price range
it gave investors earlier this week, a sign of the strong demand
for the stock.
Crypto-Focused Hedge Funds on SEC's Radar
The Securities and Exchange Commission is preparing to examine
as many as 100 hedge funds focused on cryptocurrencies, according
to a person familiar with the matter.
Micron's Results Weren't Quite Chipper Enough
The memory chip maker's stock ran too hot ahead of its earnings
report.
Google to Ask Publishers to Get Users' Data Consent in Europe
Google will ask web publishers to obtain consent on its behalf
to gather personal information on European users and target ads at
them using Google's systems.
DOJ and AT&T Clash Over Impact on Consumers of a Time Warner Deal
The Justice Department warned consumers will see price increases
of more than $400 million for pay TV if the proposed combination of
AT&T and Time Warner goes ahead; AT&T said that's
preposterous.
Uber Freight Rolls Out incentives to Lure Scarce Truck Drivers
The company's app-driven push into industrial shipping is
battling a shortage of drivers and truck capacity as it tries to
build up scale in the U.S.
(END) Dow Jones Newswires
March 22, 2018 23:15 ET (03:15 GMT)
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