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News Highlights: Top Company News of the Day

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07/29/2019 | 05:15pm EDT
Bank of America, First Data End Payments Partnership 

Bank of America is disbanding its payment-processing joint venture with First Data, giving the bank more control of its business that focuses on moving money for merchants.

Higher Costs Hold Down Profit at Heineken 

Higher costs held down profit in the first half of the year for Heineken, despite the world's second biggest brewer selling more beer globally and launching its nonalcoholic Heineken variant in the U.S.

Beyond Meat On Track to Deliver Profit This Year 

Beyond Meat said sales of its plant-based burgers and sausages continued to surge, though shares dropped after hours on plans to issue more stock.

Uber Cuts Third of Marketing Staff; Lyft COO Exits 

Ride-hailing rivals Uber and Lyft went through separate staff shake-ups, as Uber cut about 400 jobs in its marketing department and Lyft eliminated its chief operating officer role.

Ryanair Warns of Possible Job and Flight Cuts 

The Irish discount airline said further delays in the return to service of Boeing's 737 MAX would lead to job cuts and less flying during next year's peak summer travel season.

Venezuela's Citgo Stake Can Be Seized, Appeals Court Says 

A U.S. appeals court said Venezuela's stake in U.S.-based oil refiner Citgo Petroleum Corp. could be seized to satisfy a judgment against the country, a blow to its U.S.-backed opposition government.

Netflix Splurges on Big-Budget Movies 

Netflix is spending hundreds of millions of dollars to produce big-budget films as it attempts to shore up its subscriber base and push further into territory once controlled by major Hollywood studios.

Mylan Deal Furthers Pfizer CEO's Bet on Patent-Protected Drugs 

A deal to merge Pfizer Inc.'s off-patent drugs business with generic drugmaker Mylan NV caps new Pfizer Chief Executive Albert Bourla's remodeling of one of the world's biggest pharmaceutical companies.

Delivery Startups Join Forces, Beefing Up for Battle With Uber, Amazon 

Two of the largest food-delivery companies in Europe are poised to join forces in a merger worth $11.1 billion, as they seek an edge in the competition against market dominators like Uber Technologies and Amazon.com.

China's Cybersecurity Regulations Rattle U.S. Businesses 

Proposed cybersecurity regulations by China are vexing U.S. businesses, who see the rules as new barriers to the Chinese market, and loom as a potential sticking point in coming U.S.-China trade talks.

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION -0.66% 29.395 Delayed Quote.20.09%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.39% 140.5 End-of-day quote.-5.73%
FIRST DATA CORP 0.00%End-of-day quote.87.40%
HEINEKEN 0.12% 97.14 Delayed Quote.25.67%
HEINEKEN HOLDING -0.17% 90 Delayed Quote.22.24%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.00% 99.8 End-of-day quote.-20.39%
LONDON BRENT OIL -1.06% 64.2 Delayed Quote.17.36%
MYLAN NV -1.52% 20.71 Delayed Quote.-23.36%
NETFLIX -2.60% 263.73 Delayed Quote.1.15%
PFIZER -0.76% 36.39 Delayed Quote.-15.95%
PFIZER LIMITED 4.16% 3403.65 End-of-day quote.14.49%
RYANAIR HOLDINGS 0.90% 10.09 Delayed Quote.-6.98%
UBER TECHNOLOGIES INC 0.58% 32.73 Delayed Quote.0.00%
WTI -0.85% 58.16 Delayed Quote.27.93%
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