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News Highlights: Top Company News of the Day

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05/09/2019 | 09:16pm EDT
Symantec Plunges After CEO Exit, Tepid Outlook 

Symantec Corp. Chief Executive Greg Clark abruptly resigned, sending shares of the antivirus software provider tumbling 13% in after-market trading. Sales guidance for the fiscal year also came in below analysts' forecasts.

Vale Swings to Net Loss From Impact of Dam Disaster 

Brazilian mining giant Vale reported a quarterly loss as the world's biggest iron-ore producer issued its first earnings report that includes the effects of a deadly dam accident.

News Corp Revenue Up Sharply 

News Corp reported a sharp increase in revenue for its most recent fiscal quarter, driven by the consolidation of Australian pay-television company Foxtel and continued gains at its book-publishing arm.

Uber Prices IPO at $45 a Share 

Uber priced its initial public offering at $45 a share, near the low end of its expected range as the ride-hailing giant grapples with choppy markets and the disappointing debut of its chief rival.

Facebook Co-Founder Calls for Breakup of Tech Giant 

In an opinion essay in the New York Times, Chris Hughes, who helped Mark Zuckerberg create the company that eventually became Facebook, calls for the social-media giant to be broken up.

Sam Adams Brewer to Buy Rival Dogfish Head in $300 Million Deal 

Boston Beer is acquiring Dogfish Head Brewery in a $300 million cash-and-stock deal that combines two early craft brewers that now confront slowing industry sales and hundreds of competitors.

Wynn Resorts Revenue Falls as High Rollers Slow Spending 

High rollers, the big spenders who have fueled much of the gambling action in years past, shied away from Wynn Resorts in the latest period, causing the casino operator to miss Wall Street revenue targets.

Zillow Ramps Up Home-Flipping 

Zillow Group Inc.'s stock surged after the company said its home-flipping business is gaining traction and could unlock other opportunities for revenue growth in the years ahead.

Mexico's Pemex to Build Major Oil Refinery 

President Andrés Manuel López Obrador said state oil company Petróleos Mexicanos would build a new oil refinery after bids by private companies came in above his government's $8 billion budget.

Viacom CEO Charges Less for Channels in Bid for Long-Term Growth 

Viacom accepted a cut in payments for carriage of its TV channels including MTV and Nickelodeon in its recent distribution deal struck with AT&T-a sign of shifting clout in the cable industry.

Stocks mentioned in the article
ChangeLast1st jan.
BYD COMPANY LIMITED -1.04% 71.25 End-of-day quote.83.40%
JUST GROUP PLC -0.38% 48.0018 Delayed Quote.-39.24%
LINE CORPORATION -0.18% 5580 End-of-day quote.4.30%
WILL GROUP, INC. -1.80% 656 End-of-day quote.-47.60%
WORLD CO., LTD. -1.00% 1580 End-of-day quote.-41.29%
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