Business News

• Union Pacific operational overhaul gains traction, shares rise April 20, 2019
  (This April 18 story corrects to show operating ratio declined, error also occurred in previous updates)
• U.S. intelligence says Huawei funded by Chinese state security: report April 20, 2019
  U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday, adding to the list of allegations faced by the Chinese technology company in the West.
• Hundreds sign online petition supporting woman suing JD.com CEO in rape case April 20, 2019
  Hundreds of people have added their names to an online petition in support of a University of Minnesota student who said she was raped last August by Richard Liu, the chief executive officer of China's e-commerce retailer JD.com Inc.
• Tesla to shrink board to seven directors from 11 April 19, 2019
  Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board.
• Exclusive: Tereos still searching for wider funding - sources April 19, 2019
  (Corrects headline and paragraph 1 to make clear that syndication process is ongoing, to make clear in paragraph 5 that no offers finalized by April 15, to clarify sourcing throughout)
• Boeing 737 MAX joint governmental review will begin April 29: FAA April 19, 2019
  The U.S. Federal Aviation Administration said Friday that a joint governmental review of the now grounded Boeing 737 MAX will begin on April 29 and will include 9 other aviation regulators from around the world.
• PepsiCo results beat as new CEO's ad push lifts sales April 19, 2019
  PepsiCo Inc's quarterly sales and profit beat Wall Street estimates on Wednesday, as the beverage maker's advertising and marketing push helped drive sales of its snacks, sparkling waters and low-sugar sodas globally.
• Venezuela congress to weigh 2020 PDVSA bond payment next week April 19, 2019
  Venezuela's opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA's ad-hoc board of directors said.
• Will the Benettons use Alitalia to fly in from the cold? April 19, 2019
  Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favor with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said.
• SEC fines Prosper Funding $3 million for overstating net returns to investors April 19, 2019
  The Securities and Exchange Commission on Friday said Silicon Valley-based Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors.