News Highlights: Top Company News of the Day
June 22 2017 - 1:31PM
Dow Jones News
Tesla Exploring Possibility of Manufacturing Cars in China
Tesla said it is exploring with government officials in Shanghai
the possibility of opening a manufacturing facility to build
electric vehicles for the Chinese market.
Qatar Airways Seeks a 10% Stake in American Airlines
Qatar Airways said it intends to buy as much as 10% of American
Airlines Group Inc.-a brash attempt by the fast-growing state-owned
carrier to get into the U.S. market.
Lyft's Goal: Gain From Uber's Stumbles Without Gloating
As Uber grappled with leadership turmoil that led to its chief
executive's resignation, the founders of rival ride-hailing company
Lyft sent a companywide email: "This isn't a time to gloat."
Sears Canada Enters Bankruptcy Protection
Sears Canada has entered bankruptcy protection in Canada, and
will close 59 locations and cut nearly 3,000 positions, the company
said.
Facebook Sets New Vision for Next Decade, Outlines New Features
Facebook Chief Executive Mark Zuckerberg took a step toward
defining a new vision for the social-media company as it grapples
with how to handle its growing power in the world.
Warren Buffett Rescues Canada's Home Capital
Canadian mortgage lender Home Capital said it is pursuing
further asset sales and financings following a rescue package
negotiated with Berkshire Hathaway.
Cable Operator Altice USA Climbs in Market Debut
Shares of Altice USA traded higher in their market debut
Thursday, a day after the cable operator raised more money in its
IPO than any other U.S.-listed telecom since 2000.
Samsung in Late-Stage Talks to Open South Carolina Factory
Samsung Electronics is in late-stage discussions to invest about
$300 million to expand its U.S. production facilities at a factory
soon to be vacated by Caterpillar, according to people familiar
with the matter.
Boeing Outsells Rivals at Paris Air Show
Boeing beat Airbus in the annual jetliner-orders bonanza at the
Paris Air Show, but both came out winners in one crucial way:
Demand for both plane makers' most popular single-aisle jets
remains buoyant.
Kalanick Resignation Just the Latest Detour for Uber in Asia
Chased out of China by a local rival, Uber turned its regional
focus to India and Southeast Asia-but it faces more of the same
there, as well as union and regulatory battles, now without its
visionary founder.
(END) Dow Jones Newswires
June 22, 2017 13:16 ET (17:16 GMT)
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