News Highlights : Top Company News of the Day

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02/11/2019 | 11:15 pm

Mexico Seeks to Revise Private Pipeline Contracts

President Andrés Manuel López Obrador said the Mexican government wants to revise natural-gas pipeline contracts with private companies under which the state-owned electric utility is paying even when it hasn't received fuel.

Burger King's Parent Aims for More Global Growth

Restaurant Brands International, the parent of Burger King, Tim Hortons and Popeyes Louisiana Kitchen, is marching ahead on expanding the international presence of all three brands.

Latest Funding Values Reddit at $3 Billion

Reddit was valued at $3 billion after a new financing round for the discussion forum that brought in Chinese internet giant Tencent as an investor.

National Enquirer Publisher Reached Out to Justice Department

American Media sought advice last year from the U.S. Justice Department over whether it should register as a foreign agent in connection with work the publisher did for Saudi Arabia.

Gannett Stands Firm in Rejecting Digital First's Takeover Proposal

Gannett said it continues to find a takeover proposal from Digital First Media inadequate after meeting with representatives from the hedge-fund backed newspaper chain last week.

Morgan Stanley, in Biggest Deal Since Crisis, Courts Future Millionaires

In its largest acquisition since the financial crisis, Morgan Stanley is paying $900 million for Solium, which manages the stock that employees receive as part of their pay.

SoftBank Invests $940 Million in Nuro for Driverless Deliveries

SoftBank is investing nearly $1 billion in a robotic-delivery vehicle startup, a hefty injection of capital that could help accelerate the race to put driverless vehicles on the road.

Mortgage Company Ditech Holding Corp. Files for Bankruptcy Again

Mortgage servicer Ditech Holding Corp. has filed for bankruptcy protection for the second time in less than two years, blaming rising interest rates for a decline in business and the weight of its own debt payments.

U.S. Steel to Expand Under Tariffs

U.S. Steel said it plans to add 1.6 million tons of steelmaking capacity next year by resuming the construction of a new furnace in Alabama as tariffs on foreign metal raise profits on domestic steel.

PG&E Board: No More Than Five Directors Will Run for Re-Election

At most, five of PG&E's current directors will be up for re-election at the annual shareholders meeting, the board said, as the utility looks to add more independent voices.

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