News Highlights : Top Company News of the Day

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12/03/2019 | 07:15 pm

Foreign Auto Makers Report Higher U.S. Sales

Major foreign auto makers including Toyota and Honda reported higher vehicle sales in the U.S. for November.

Huawei Bolsters Public-Relations Blitz With Legal Action

Huawei Technologies has been on a public-relations blitz to convince the world that it isn't a bad actor. Now Huawei's intensified defense of its image is also being waged on a legal front.

Genius Media Sues Google, Claiming Anticompetitive Use of Song Lyrics

Music website Genius Media is suing Google, alleging the search company engaged in anticompetitive behavior related to posting song lyrics online.

Sprint Overcounted Subsidized Customers for Years

Sprint has for years failed to accurately measure how many of the low-income Americans it serves through the federal Lifeline program actually use their phones, according to regulatory documents reviewed by The Wall Street Journal.

Cleveland-Cliffs to Buy AK Steel in Stock Swap

Cleveland-Cliffs agreed to buy AK Steel in a $1.1 billion stock swap that adds steel products to one of the largest producers of iron-ore pellets.

OPEC and Aramco Are Too Close for Comfort

Saudi Arabia's push to extend OPEC's oil production cuts justifies investor concerns about the company's close relationship with the state.

Fidelity's Asset-Management Chief to Retire in February

The head of Fidelity Investments' asset-management business, Steve Neff, will retire in February, a person familiar with the matter said.

PG&E Had Systemic Problems With Power Line Maintenance, California Probe Finds

PG&E failed to adequately inspect and maintain its transmission lines for years before a faulty line started the deadliest fire in California history, a state investigation has found.

Italy's UniCredit to Cut 8,000 Jobs, Launch Buyback

Italy's largest bank UniCredit ruled out targeting big acquisitions as it pledged to raise dividends and cut jobs and costs.

Spanish Energy Giant Repsol Writes Down Oil, Gas Assets

Spanish energy company Repsol said it is cutting the value of its assets by billions of dollars because the global transition to a lower carbon economy is weakening the outlook for oil and gas prices.

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