News Highlights : Top Company News of the Day

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12/07/2018 | 07:15 am

Tesla Replaces General Counsel With Seasoned Trial Lawyer

The Silicon Valley electric-car maker plans to replace Todd Maron, a confidant of Elon Musk, with Washington, D.C., trial lawyer Dane Butswinkas.

Boeing Backs Out of Global IP Satellite Order Financed by China

Boeing said it was canceling a controversial satellite order that was financed by a Chinese government-owned firm, citing default for nonpayment.

Broadcom Raises Dividend, Share-Buyback Plan

Broadcom Inc. pledged Thursday to return some $12 billion to shareholders this year as it overhauls software company CA Inc.'s business to a subscription-based model.

Japanese Government Edges Closer to Restrictions on Huawei and ZTE

Japan is moving ahead with changes to its procurement guidelines that could restrict government use of Chinese telecommunications-equipment companies Huawei and ZTE.

U.S. Takes Aim at Huawei

The Trump administration's efforts to extradite the chief financial officer of China's Huawei Technologies Co. over criminal charges mark the start of an even more aggressive phase in the technology rivalry between the U.S. and China and will increase pressure on Washington's allies to shun the telecommunications company.

Huawei CFO Arrest Shows U.S. Intent on Enforcing Sanctions, Lawyers Say

The arrest in Canada of Huawei Technologies Co.'s finance chief shows the lengths to which the U.S. government will go when pursuing alleged violations of its sanctions on Iran, lawyers said.

Fiat Chrysler to Open New Assembly Factory in Detroit

Fiat Chrysler plans to open a new vehicle factory in Detroit, the first new U.S. assembly plant to be built by a major domestic car maker in at least a decade.

Two Former Tesco Executives Acquitted in Fraud Trial

The U.K's Serious Fraud Office opened an investigation in October 2014 after Tesco disclosed it had overstated its profit by more than GBP250 million.

Broadcom's Chips Keep Cashing In

The chip maker has a busy year ahead but with a stock still at a historically low valuation, its investors can afford to hang on for the ride.

HSBC Monitor Flagged Suspicious Huawei Transactions to Prosecutors

A federally appointed overseer at HSBC flagged suspicious transactions in the accounts of Huawei to prosecutors seeking the extradition of the Chinese company's CFO.

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