News Highlights: Top Company News of the Day

Features Dow Jones Newswires

AllianceBernstein's CEO, Independent Directors Ousted

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The French parent company of AllianceBernstein Holding fired the money manager's chief executive and all of its independent board members.

Oil Company Permian Resources Nears Debt-Restructuring Deal

Permian Resources LLC, an oil producer with ties to late wildcatter Aubrey McClendon, is nearing a debt-restructuring deal with a key creditor meant to relieve its heavy debt burden.

Airbnb, HomeAway Settle Lawsuit With San Francisco

San Francisco reached a settlement with home-sharing sites Airbnb Inc. and Expedia Inc.'s HomeAway over their lawsuit contesting stringent registration rules for hosts.

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Possible Bidding War Emerges for Tribune Media

Sinclair, 21st Century Fox in partnership with Blackstone Group, and Nexstar are all circling Tribune, one of the nation's largest owners of local TV stations.

Miami Lawsuit Against Mortgage Lenders Survives High Court Review

The Supreme Court handed a partial victory to the city of Miami Monday, ruling it was authorized to bring lawsuits alleging Bank of America and Wells Fargo engaged in financial-crisis era discriminatory lending that led to urban blight and falling property values.

Home Capital Group Draws From Emergency Credit Line

A Canadian mortgage lender announced Monday that it had drawn 1 billion Canadian dollars ($732.5 million) from an emergency C$2 billion credit line secured last week as deposits continued to stream out of the firm following allegations it misled investors about mortgage-application fraud.

Why Intel Paid a Premium for a Stake in Cloudera

Intel had strategic reasons for buying its stake in big-data software startup Cloudera three years ago-at a price that was about twice Friday's IPO pricing.

Apple's Cash Hoard Set to Top $250 Billion

Apple likely will report Tuesday that its cash hoard has topped a quarter of a trillion dollars-an unrivaled milestone that could ratchet up pressure on the tech giant to make splashier acquisitions or dole out more money to shareholders.

UPS Tries a New Twist on Surge Pricing

United Parcel Service is starting to ask major retailers to help pay for extra workers and surplus space on trucks when a retailer fails to ship as many packages as planned during peak periods.

Drop in Canada's Bank Stocks Is Latest Trouble For This Deal

ISS told investors in PrivateBancorp that they should vote against the bank's proposed sale to Toronto-based Canadian Imperial Bank of Commerce, citing how Canadian bank stocks have dropped recently.

(END) Dow Jones Newswires

May 01, 2017 15:15 ET (19:15 GMT)