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News Highlights: Top Company News of the Day

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12/06/2019 | 11:16am EST
Big Lots Shares Rise on 3Q Results 

Shares of Big Lots rose after the company posted third-quarter profit, driven by its sale of a distribution center in Rancho Cucamonga, Calif., as well as lower losses on an adjusted basis.

Used Car Retail Startup Vroom Valued at $1.5 Billion in Latest Funding 

Vroom, a used car marketplace and delivery startup, was valued at $1.5 billion in a new financing, according to a person familiar with the matter.

Facebook in Talks to Add More New York Office Space 

Facebook is in talks to lease a landmark Manhattan building in a deal that would make it one of New York's largest corporate tenants and would help offset the lack of Amazon's second headquarters earlier planned for the city.

When to Buy Into Aramco 

Global investors likely have a long wait before the Saudi oil giant's expensive shares are priced at a more normal level.

Michael Dell's Money Managers Change How His Wealth Is Invested 

MSD Capital, Michael Dell's $16 billion family office, is pulling back from active stock-picking. Co-founder Glenn Fuhrman is leaving at year-end.

Peloton Backlash: Controversy Over Ads Often Is Short-Lived 

Fitness-equipment maker Peloton shouldn't expect lasting damage from a social-media backlash over the company's holiday ad based on the recent history of other nasty consumer eruptions at Nike, Gillette and Pepsi.

DAZN Gives Away Content to Punch Up Subscriber Base 

The sports-streaming service DAZN has a contrarian approach to attracting new subscribers: Create original content and put it on other platforms free of charge.

'Frozen 2' Artists' Tweets Draw Apology From Disney in Japan 

Walt Disney's Japan unit apologized after artists it hired to endorse its "Frozen 2" movie on Twitter failed to label the tweets as promotional.

Creators of 'My Favorite Murder' Podcast Land a Deal With Scripps 

The creators of a popular true-crime podcast have signed a deal worth at least $10 million with E.W. Scripps's Stitcher podcasting unit, according to people familiar with the deal, signaling the nascent medium's rapid growth.

Cyberattacks Complicate War Exclusions for Insurers 

Digital criminal activity is challenging the conventional definition of what constitutes acts of war and aggression, experts say.

Stocks mentioned in the article
ChangeLast1st jan.
FACEBOOK -0.83% 217.94 Delayed Quote.6.19%
LONDON BRENT OIL -0.73% 58.6 Delayed Quote.-6.00%
WTI -0.57% 52.3 Delayed Quote.-9.29%
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