News Highlights: Top Company News of the Day
17 July 2019 - 12:30PM
Dow Jones News
Amazon Faces Probe in Europe Over Third-Party Selling
Amazon will face a formal EU antitrust investigation into its
dealings with third-party merchants, expanding a multipronged
regulatory push that has ensnared other big Silicon Valley
giants.
McDonald's DoorDash Deal Delivers Blow to Uber Eats
DoorDash will start making deliveries from McDonald's
restaurants in Houston later this month, a blow to Uber
Technologies' deal to ferry the burger giant's food to customers in
the U.S.
Regulator Finds Uber Eats's Stiffing of Restaurants Hard to Stomach
Uber Technologies will no longer be able to charge restaurants
in Australia for delivery mishaps outside their control, after the
practice was deemed unfair in a rebuke for tech giants seeking to
keep delivery costs low in a rapidly growing sector.
Chinese Esports Group Backed by Tencent Raises $775 Million in U.S. IPO
Chinese video-streaming service DouYu raised $775 million in its
IPO, capitalizing on the growing popularity of watching others play
games on the internet.
BHP Iron-ore Output Flat
BHP said iron-ore production was flat over the past 12 months,
but forecast a rise in output in the year ahead.
Ericsson Swings to Profit as 5G Momentum Builds
Ericsson returned to profit in the second quarter as operators
in the US and Asia stepped up their spending on new
fifth-generation networks, boosting sales by 10%.
IBM Sales Slump Expected to Continue
Investors are looking for fresh signs of a turnaround in IBM's
second-quarter results, follow several quarters of declining
revenue. The tech giant is betting its $34 billion acquisition of
open-source software firm Red Hat will help revive its
fortunes.
Google Archive of Political Ads Is Fraught With Missing Content, Delays
Google's searchable database of political ads, set up to bring
more transparency to digital campaign advertising, is fraught with
errors and delays, according to candidates' digital staffers and
political consultants.
EBay to Post Earnings Amid Pressure From Activist Investors
EBay will announce its second-quarter earnings after markets
close, as the online marketplace evaluates whether it could sell or
spin off assets such as its classifieds business and StubHub.
AlphaSense Raises $50 Million in New Funding
AlphaSense, a developer of search tools for parsing financial
data, said it raised $50 million in additional venture-capital
funding, bringing its total to $90 million.
(END) Dow Jones Newswires
July 17, 2019 07:15 ET (11:15 GMT)
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