News Highlights: Top Company News of the Day
August 17 2018 - 5:15AM
Dow Jones News
Google Defends Push Into China Amid Censorship Concerns
Google Chief Executive Officer Sundar Pichai defended to
employees the internet giant's controversial push to do more
business in China but said the company is "not close to launching a
search product" in the country.
Tesla Was Under SEC Scrutiny Prior to Musk's Tweet
The SEC began investigating last year whether Tesla misled
investors about its Model 3 car production problems and subpoenaed
a parts supplier. Separately, regulators are asking board members
for details about their conversations with Elon Musk to take Tesla
private.
Nvidia's Crypto Business Dries Up, Worrying Investors
Nvidia reported robust sales and profits during its second
quarter, but warned that revenue from products geared toward
cryptocurrency mining would be sharply weaker than expected.
Santander USA Released from 2015 Fed Enforcement Action
The Federal Reserve on Thursday released Santander Holdings USA
lnc. from oversight restrictions imposed in 2015, when the bank was
sharply rebuked for failing to meet regulatory standards across
several of its business operations.
DoorDash More Than Doubles Valuation to $4 Billion
DoorDash said it raised $250 million in a round of funding that
values the prepared food-delivery startup at $4 billion, more than
doubling its valuation for the second time in five months.
Judge Rejects Large Parts of FTC Suit Against DirecTV
A federal judge rejected large parts of a nearly $4 billion
government lawsuit alleging satellite-TV giant DirecTV engaged in
deceptive advertising.
FDA Approves Teva's Generic Version of EpiPen Injector
The Food and Drug Administration approved the first generic
version from a rival company of Mylan's EpiPen injector device for
life-threatening allergic reactions.
Benjamin Smith Named Chief Executive of Air France-KLM
Air Canada Chief Operating Officer Benjamin Smith was named new
chief executive of Air France-KLM, the European airline said
Thursday.
Netflix Signs Up 'Black-ish' Creator Kenya Barris
Netflix said it has signed writer and producer Kenya Barris,
creator of ABC's "black-ish," to an exclusive multiyear deal, the
latest addition to its star-studded lineup of creative talent.
Reorganization of Bankrupt Applebee's Franchisee Could Include Existing Owner
Acon Investments, the buyout firm that owns a bankrupt
Applebee's franchisee, wants to recapitalize the restaurant
operator while also leaving the door open for a new bidder to
emerge in the chapter 11 proceedings, a lawyer for the franchisee
said.
(END) Dow Jones Newswires
August 17, 2018 05:00 ET (09:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.