News Highlights: Top Company News of the Day
November 17 2017 - 7:15PM
Dow Jones News
VW Accelerates Electric Car Effort With $40 Billion Investment
Volkswagen plans to invest around $40 billion over the next five
years to develop electric vehicles, self-driving cars and Uber-like
mobility app services in the clearest sign yet that auto makers are
betting the future of their industry on the new technology.
Apple Hits Pause on HomePod, Adding to List of Delays
Apple Inc. pushed back the release of its HomePod smart speaker
beyond Christmas, making it the latest new product from the company
to miss its promised ship date.
Tesla's Electric Semi Truck Gets Orders From Wal-Mart and J.B. Hunt
Some of the country's biggest trucking fleets are among Tesla's
first customers for its all-electric big rig. J.B. Hunt Transport
Services and Wal-Mart Stores said Friday they had reserved Tesla's
truck, which Chief Executive Elon Musk revealed at an event in
Hawthorne, Calif., on Thursday.
Abercrombie, Foot Locker Return Some Luster to Apparel Sellers
Specialty retailers, including Abercrombie & Fitch and Foot
Locker, gave some hope to investors that their businesses were
evolving with the times, providing a reprieve after a sluggish
start to the year as they warned that changes in shoppers' habits
would hurt profits.
Diageo Sues 'King of Good Times' for Alleged Breach of Contract
Diageo is suing Vijay Mallya for allegedly breaching a deal
struck last year to cut ties with its India unit in return for
millions of dollars, the latest twist in a yearslong saga between
the Indian billionaire and the world's largest liquor maker.
Wells Fargo Executive Fired After Remarks on Regulators
Wells Fargo fired its head of consumer lending because of
disparaging remarks he made about the regulatory system,
highlighting the tense environment as the lender sorts through a
variety of regulatory probes.
EA Pulls Microtransactions From 'Star Wars Battlefront II' After Backlash
Electronic Arts halted in-game sales of virtual goods in its
sequel to "Star Wars Battlefront" on the eve of the game's launch,
bowing to pressure from customers fearing big spenders could gain
an unfair edge.
Stitch Fix Shares Eke Out a Gain After IPO
Stitch Fix Inc. stumbled in its stock-market debut, dipping
below its initial public offering price before eking out a gain at
the close.
Vox Media Editorial Staffers to Unionize
Editorial staffers at Vox Media have voted to unionize, making
it the latest digital publisher to see its workforce organize amid
a tougher online advertising landscape.
How GE Can Win Back Investors
A strong market for industrial assets gives GE a chance to win
investors back after the company's dividend cut.
(END) Dow Jones Newswires
November 17, 2017 19:00 ET (00:00 GMT)
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