News Highlights: Top Company News of the Day
December 13 2017 - 3:15PM
Dow Jones News
With Traffic Flowing, Netflix Steps Back from Fight Over Internet Rules
Netflix helped spark the debate over net neutrality three years
ago by raising concerns about how its internet traffic was being
handled. But as the U.S. government prepares to repeal the rules on
Thursday, the video giant has been less vocal on a key issue.
U.S., Japan Express Concern Over China's Interest in Saudi Oil Giant
The U.S. and Japan have urged Saudi Arabia to pursue an
international listing for oil giant Aramco, fearing the possible
sale of a stake to China would give Beijing too much sway in the
Middle East.
Apple Invests in Face ID Tech Maker Finisar
Apple is awarding one of its key suppliers $390 million as part
of its effort to fund domestic technology manufacturers.
How Language in Job Listings Could Widen Silicon Valley's Gender Divide
Use of certain phrases like "whatever it takes" or "tackle" in
job postings could affect who applies for tech jobs, possibly
contributing to the lopsided gender makeup of the industry, new
research suggests.
T-Mobile to Launch Pay-TV Service
T-Mobile US Inc. is launching a paid television service after it
acquired a startup aimed at the high-end video market.
Target to Buy Grocery Delivery Startup Shipt for $550 Million
Target Corp. is paying $550 million to acquire grocery delivery
startup Shipt Inc., moving to match services that have been rolled
out by rivals Amazon.com Inc. and Wal-Mart Stores Inc.
Spirit Airlines CFO to Take Top Job in 2019
Spirit Airlines Inc. said Wednesday chief financial officer Ted
Christie will take over as chief executive officer in 2019,
replacing the company's current leader, Bob Fornaro.
China's LexinFintech Shrinks IPO Fundraising Goal
LexinFintech, a Chinese online lender planning to go public in
the U.S., has scaled back its fundraising ambitions after
regulatory changes in China sparked a rout in the shares of other
online lenders, according to people familiar with the matter.
China's HNA Group Seeks to Reassure Lenders, Investors
Chinese conglomerate HNA Group is working to persuade lenders
and investors that it is financially sound following sharp declines
in the prices of bonds and shares of some of its units.
Steinhoff's Sleepy Board Needs Clearing Out
More heads need to roll if Steinhoff International is to regain
credibility after its accounting scandal. The situation can't be
resolved by the regime that failed to spot it.
(END) Dow Jones Newswires
December 13, 2017 15:00 ET (20:00 GMT)
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