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News Highlights: Top Company News of the Day

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12/24/2019 | 01:16pm EDT
Uber Co-Founder Kalanick Departs Board, Sells All His Shares 

Travis Kalanick is leaving the board of Uber after selling all of his shares in the ride-hailing giant he co-founded and once led.

Emirates, Facing Headwinds, Says Leader Will Retire Next Year 

Emirates Airline said its longtime chief plans to step down next year, an anticipated leadership change that comes amid a strategic rethink and at a time of headwinds in its key Middle East market.

Retailers, Delivery Companies Stress Over Last-Minute Shoppers 

The late push is putting pressure on delivery companies, which in some cases were caught off guard by the sheer volume of packages early in the holiday season and have been trying to catch up.

Home-Builder Rally Fueled by Low Interest Rates, Millennials 

U.S. home builders benefited from low interest rates this year as housing starts climbed to levels not seen in a decade. Now some question whether growth will continue in 2020 at the current pace.

America Is a Land of Unequal Opportunity for Luxury Brands 

It is hard for designer brands to make it in the U.S., but it is becoming more important that they try.

Hilton to Launch New Brand Aimed at Young Professionals 

Hilton is introducing a new hotel brand geared toward a young professional crowd, taking on rivals such as Marriott in this competitive slice of the market. The brand will focus on modern design and offer a bar and restaurant scene.

Starz to Stay on Comcast Under New Deal With Lions Gate 

Comcast and Lions Gate Entertainment, the owner of premium cable channel Starz, reached a new distributor agreement for the network following months of tense negotiations.

China's High-Speed, High-Margin Rail IPO 

The initial public offering of Beijing-Shanghai High-Speed Railway could raise more than $5 billion, making it mainland China's biggest listing in almost a decade.

SEC Investigating BMW Over Sales Practices 

The Securities and Exchange Commission has opened an investigation into whether German luxury car maker BMW manipulated sales figures, according to people familiar with the matter.

Buffett Lieutenant to Head Berkshire Hathaway's Geico Insurance Unit 

Todd Combs, one of Warren Buffett's top lieutenants, is set to become chief executive of Berkshire Hathaway's car insurer Geico. Mr. Combs will succeed Bill Roberts, who will retire at the end of 2020.

Stocks mentioned in the article
ChangeLast1st jan.
BERKSHIRE HATHAWAY INC. 2.20% 274021 Delayed Quote.-19.31%
BMW AG 1.26% 46.32 Delayed Quote.-37.48%
COMCAST CORPORATION 2.66% 35.49 Delayed Quote.-21.08%
DESIGNER BRANDS INC. -11.91% 5.4 Delayed Quote.-65.69%
LIONS GATE ENTERTAINMENT CORP. -2.56% 5.72 Delayed Quote.-46.34%
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