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News Highlights : Top Company News of the Day

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02/12/2019 | 03:16am EST
Amazon to Acquire Home Wi-Fi Company Eero 
 

Amazon disclosed its latest bet to control the so-called smart home, adding to its fold a company that offers a Wi-Fi system that ditches traditional routers.

 
Peloton Interviews Banks for IPO 
 

Peloton Interactive is interviewing banks this week for roles on an initial public offering, taking a critical step toward an IPO this year.

 
Trucker New England Motor Freight Files for Bankruptcy, Plans Shutdown 
 

New England Motor Freight, a major player in the competitive New York regional trucking market, sought bankruptcy protection and intends to wind down operations.

 
Medical Testing Company Trident Holding Files for Bankruptcy 
 

The Sparks, Md.-based company's chief financial officer said Trident's business has suffered as occupancy rates at skilled nursing facilities, one of its biggest customer bases, have gone down as more patients opted for home health-care services.

 
Mexico Seeks to Revise Private Pipeline Contracts 
 

President Andrés Manuel López Obrador said the Mexican government wants to revise natural-gas pipeline contracts with private companies under which the state-owned electric utility is paying even when it hasn't received fuel.

 
Writer Sues Twitter Over Ban for Criticizing Transgender People 
 

Meghan Murphy alleges that Twitter's hateful-conduct policy violates unfair-competition law. She had tweeted "Men aren't women" in reference to transgender people.

 
Burger King's Parent Aims for More Global Growth 
 

Restaurant Brands International, the parent of Burger King, Tim Hortons and Popeyes Louisiana Kitchen, is marching ahead on expanding the international presence of all three brands.

 
Latest Funding Values Reddit at $3 Billion 
 

Reddit was valued at $3 billion after a new financing round for the discussion forum that brought in Chinese internet giant Tencent as an investor.

 
National Enquirer Publisher Reached Out to Justice Department 
 

American Media sought advice last year from the U.S. Justice Department over whether it should register as a foreign agent in connection with work the publisher did for Saudi Arabia.

 
Juniper Networks CIO Reflects on 7-Year Cloud Initiative 
 

It took seven years for Juniper Networks Inc. to move all of its data and applications from 18 corporate data centers to the cloud, but Chief Information Officer Bob Worrall said the transition is paying off.

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