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News Highlights: Top Company News of the Day

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07/18/2019 | 05:15pm EDT
Blackstone Closes $14 Billion Permanent Infrastructure Fund 

The new fund has "the equity to do things that others can't," said a person familiar with the fund.

Boeing Plans $5 Billion Charge to Compensate 737 MAX Customers 

Boeing will set aside about $5 billion to compensate airlines which have suffered because of the prolonged grounding of the 737 MAX plane.

Gannett in Advanced Talks to Combine with GateHouse Media 

USA Today publisher Gannett is nearing a deal to combine with rival GateHouse Media, a move that would join the nation's two largest newspaper groups by circulation.

Microsoft's Cloud Business Drives Record Sales 

Microsoft reported record quarterly revenue lifted by cloud-computing growth, adding to the company's momentum under Chief Executive Satya Nadella.

WeWork Co-Founder Has Cashed Out at Least $700 Million Via Sales, Loans 

Adam Neumann, co-founder and largest shareholder of WeWork Cos., has cashed out more than $700 million from the company ahead of its initial public offering through a mix of stock sales and debt, people familiar with the matter say.

Chewy Posts Strong Sales Growth in First Quarter Post-IPO 

The online pet-products seller said its sales grew 45% in the latest quarter

Ailing BMW Appoints Production Chief Zipse as Next CEO 

BMW said it would appoint its current head of production, Oliver Zipse, as its next chief executive as the German auto maker contends with shrinking profits, global trade fights and the intensifying race to build electric cars.

Trump Vows Close Look at Computing Contract Amazon Seeks 

President Trump said he would ask the Pentagon to scrutinize a cloud-computing contract for the U.S. military, adding uncertainty to a multibillion-dollar race between contract finalists Amazon and Microsoft.

M&T Shares Tumble After Earnings Miss, Lower Expectations 

The lender said it expects its net interest income to increase less than previously forecast due to lower interest rates.

Budweiser Brewer Explores Asset Sales After Calling Off Asia IPO 

Anheuser-Busch InBev is considering selling off business units in South Korea, Australia and Central America to cut its massive debt pile as it pursues a backup plan after calling off the nearly $10 billion listing of its Asian business, according to people familiar with the matter.

Stocks mentioned in the article
ChangeLast1st jan.
ANHEUSER-BUSCH INBEV 1.33% 85.63 Delayed Quote.48.41%
BAYERISCHE MOTOREN WERKE AG (PREFERENCE) 0.79% 48.32 Delayed Quote.-22.19%
BLACKSTONE GROUP LP End-of-day quote.
BMW AG 1.26% 59.56 Delayed Quote.-15.76%
BOEING COMPANY (THE) 0.75% 330.45 Delayed Quote.1.71%
GANNETT CO INC 0.20% 9.85 Delayed Quote.15.47%
MICROSOFT CORPORATION 1.83% 136.13 Delayed Quote.31.61%
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