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News Highlights: Top Company News of the Day

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05/14/2019 | 11:16am EDT
Disney to Assume Full Operational Control of Hulu in Comcast Deal 

Disney and Comcast announced an agreement on Hulu's future governance and ownership, giving Disney full operational control of the video platform.

Disney's ESPN Partners With Caesars on Sports-Betting Content 

A new ESPN studio for creating sports-betting content will be built at Caesars' Linq Hotel in Las Vegas, while ESPN programming will include branding and odds data from the casino operator.

Uber, Lyft Get Creative, but Investors Aren't Blind to Losses 

Uber, Lyft and other big startups have touted their new business models that disrupt old industries but lose historic amounts of money. To try to win over investors, they have also come up with unusual alternatives for measuring their performance. So far, investors aren't buying it.

Foxconn Profit Falls as iPhone Sales Flag 

Foxconn Technology Group's profit fell nearly 18% in the first quarter after its biggest customer, Apple, reported an accelerated decline in sales of the iPhone.

Nextdoor Valued at More Than $2 Billion in Fresh Funding Round 

Neighborhood-focused social network Nextdoor said it has secured a $123 million investment led by Riverwood Capital, valuing the company at $2.1 billion.

Amazon Launches New Click-And-Collect Program 

Amazon.com launched a new initiative with retailers in the U.K. and Italy which is hoped will bring life back to bricks-and-mortar stores in the two countries.

Ghosn Got $20 Million From a Saudi Friend, Prosecutors Say 

Tokyo prosecutors amended one of their indictments against Carlos Ghosn, alleging that he received $20 million from a Saudi Arabian businessman.

Bayer Shares Fall After $2 Billion Roundup Verdict 

Bayer shares resumed their monthslong fall after the company was hit by a more-than $2 billion jury award over its Roundup herbicide, marking a sharp escalation in the chemical and drug giant's legal woes.

TWA Hotel at Kennedy Airport Targets 200% Occupancy 

The developer of the TWA Hotel opening on Wednesday at New York's Kennedy Airport is shooting for an occupancy rate better than 100%. In fact, he's hoping to do twice that.

AbbVie, Boehringer End Humira Patent Dispute 

AbbVie and Boehringer Ingelheim GmbH said they have resolved their U.S. patent dispute over a biosimilar to Abbvie's Humira, the world's biggest selling drug

Stocks mentioned in the article
ChangeLast1st jan.
ABBVIE -0.76% 78.04 Delayed Quote.-14.69%
APPLE 2.44% 198.52 Delayed Quote.22.92%
BAYER AG 2.93% 54.07 Delayed Quote.-13.26%
COMCAST CORPORATION 1.49% 43.195 Delayed Quote.24.99%
MITSUBISHI MOTORS CORPORATION -1.60% 492 End-of-day quote.-13.99%
NISSAN MOTOR CO LTD -0.65% 753 End-of-day quote.-12.04%
RENAULT 3.97% 54.73 Real-time Quote.3.01%
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