News Highlights: Top Company News of the Day

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04/19/2017 | 01:15 am
Mark Zuckerberg

Harbert Management Reaches New York Settlement

The New York attorney general's office said it reached a $40 million settlement with an Alabama investment firm over the failure of members of an investment management company it sponsored to pay millions in New York state taxes.

Pacific Consortium Makes All-Cash Bid for Tatts Group

A consortium of investors including private-equity firm KKR and Australian bank Macquarie Group made an all-cash offer to buy Australian wagering firm Tatts Group, which already agreed to merge with rival Tabcorp Holdings.

PetSmart's Latest Bite at E-Commerce:

PetSmart agreed to buy pet products site Co-founder and Chief Executive Ryan Cohen will remain in charge of the startup,

Focus Financial Stake Sale Underscores Allure of Independent Advisers

Private-equity firms KKR & Co. and Stone Point Capital, in a bet that more investors will want advice from independent financial advisers and less from Wall Street's traditional brokers, will pay $2 billion for a majority stake in Focus Financial Partners.

Oracle to Acquire Digital Measurement Firm Moat

Oracle has inked a deal to acquire Moat, a digital measurement company known for its role as an independent third party hired to measure ads across platforms like Facebook, Google's YouTube and Snapchat.

Italy Regulator Rules Vivendi Can't Keep Big Stakes in Both Mediaset, Telecom Italia

Italy's communications regulator threw a wrench into Vincent Bollore's quest to expand his media empire, ruling the French billionaire can't keep both of the large stakes he has built up in Mediaset SpA and Telecom Italia SpA.

GM's Chevrolet Volt Electric Car Will Be Sold in China as a Buick

General Motors Co.'s Chevrolet Volt electric car is finally headed to China, but it won't be wearing the iconic bow tie badge that identifies Chevy products. It will instead be sold as a Buick.

IBM Profit Falls 13%, Margins Narrow

International Business Machines reported a 13% drop in quarterly earnings and narrower profit margins across its business units, including divisions that manage the cloud computing and Watson artificial intelligence operations.

United Airlines Says Corporate Clients Seek Policy Fixes

United Airlines's lucrative corporate clients are pushing the airline to fix its customer service, the carrier's president said on Tuesday.

Facebook's Mark Zuckerberg Sets His Sights on Augmented Reality

Mark Zuckerberg announced at the annual F8 developers' conference that Facebook would make its augmented-reality tools, which mix the physical and digital worlds, available to third-parties to create masks, filters and other effects.

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