News Highlights: Top Company News of the Day
November 14 2018 - 11:30AM
Dow Jones News
Tencent Posts Solid Earnings, But China's Game Freeze Clouds Future
Tencent reported a 30% jump in third-quarter profit, in spite of
a regulatory chokehold on videogames, its biggest business.
Walmart to Send Employees Traveling for Spine Surgery
Walmart will soon require its employees to travel to certain
hospitals for costly spine surgeries, an effort to weed out
unnecessary procedures and lower its health-care spending.
Macy's Reports Strong Sales Growth, Raises Guidance
Macy's delivered healthy sales growth in its latest quarter and
raised its guidance for the year, positioning the retailer for a
strong holiday shopping season.
Facebook Morale Tumbles, Along With Stock
An internal survey found just 52% of employees were optimistic
about Facebook's future, down from 84% the year earlier. The
darkening mood comes amid a dropping share price, leadership
turmoil and disclosures of privacy violation.
Wells Fargo Executive in Regulator's Crosshairs
A top regulator recently sent a letter rebuking Wells Fargo's
chief administrative officer, Hope Hardison, leading her to take a
leave of absence and showing the issues between the lender and its
overseers are far from over.
Cisco Is Poised to Grow, But China Tariffs Loom
Cisco Systems Inc. is scheduled to report its fiscal
first-quarter results after the market closes Wednesday. Here's
what you need to know.
Once-Worthless Radio Waves Get New Life in Spectrum Auction
The FCC will begin the first of two auctions for extremely
high-frequency spectrum licenses, raising cash from a type of radio
wave considered worthless before 5G technology.
How Amazon Picked HQ2 and Jilted 236 Cities
For months, cities vied for Amazon's second headquarters while
some executives were realizing that no single place would fulfill
its requirements. The long search, designed to showcase the
company's largess, has for some left a bad taste. "My heart's
broken today."
PG&E Says Equipment Failed Just Before California Wildfire
The utility owner warned that if its equipment is determined to
be the cause of the disaster that has killed at least 48 people, it
would face potential liabilities beyond its insurance coverage.
FAA Launches Review of Boeing's Safety Analyses
U.S. aviation regulators, responding to last month's Lion Air
jet crash, launched a high-priority review of the safety analyses
Boeing has performed over the years.
(END) Dow Jones Newswires
November 14, 2018 11:15 ET (16:15 GMT)
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