News Highlights: Top Company News of the Day
November 24 2017 - 1:30AM
Dow Jones News
On Tap: Vietnam Seeks Investors for Its Largest Brewer
The Vietnamese government has kicked off a process to find
potential investors for a large stake in state-owned Sabeco, as it
looks to strike a multibillion-dollar deal in the coming weeks.
Quality Scandal Deals Blow to Mitsubishi Materials Stock
Mitsubishi Materials shares tanked early Friday after the
company admitted to manipulating quality data on shipments of parts
for airplanes and cars, the latest quality scandal to hit Japan's
manufacturing industry.
Rio Tinto, Sinosteel Extend Iron-Ore Mining Venture
Rio Tinto again extended its long-running iron-ore mining
venture with China's state-owned Sinosteel to deliver more of the
steelmaking commodity from Australia's remote western Pilbara
region.
New Uber CEO Knew of Hack for Months
While the massive data breach at Uber Technologies Inc. didn't
happen under the watch of the new chief executive, more than two
months elapsed before he notified affected customers and drivers of
the incident, people familiar with the matter said.
'Angry Birds' Maker's Shares Dive
Shares of Rovio Entertainment, the Finnish mobile-gaming firm
that makes "Angry Birds," plunged 20% after it reported a surprise
third-quarter loss, a little more than a month after its initial
public offering.
Amazon With Pumpkin Pie? Holiday Shopping Starts on Your Phone After Dinner
Mobile phones have accelerated a fundamental change in holiday
shopping: online buying on Thanksgiving.
HSBC's Global Banking Co-Head Leaves After 18 Months
HSBC's global banking co-head, Matthew Westerman, will leave
after a turbulent 18 months at the bank, staff were told in a
memo.
The Next Billion-Dollar Boom in Chinese Tech
Many Chinese companies want to tap into the power of artificial
intelligence and cloud computing to increase efficiency and cut
costs, spelling huge opportunity for the enterprise-applications
market.
Saying Bye to Buybacks
Large companies are repurchasing their shares at the slowest
pace in five years, as record U.S. stock indexes and an expanding
economy propel more money out of flush corporate coffers into
capital spending and mergers.
Tesla Delivers the World's Biggest Battery-and Wins a Bet
An enormous Tesla-built battery system-storing electricity from
a new wind farm and capable of supplying 30,000 homes-will be
powered up over the coming days, beating the money-back deadline
set by CEO Elon Musk.
(END) Dow Jones Newswires
November 24, 2017 01:15 ET (06:15 GMT)
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